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Three-Unit Multifamily Building
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1938 W Diversey Pkwy, Chicago, IL 60614

Rebuilt triplex with condo-grade interiors, private outdoor space, and covered parking.

Property SizeContact for details
Days on Market144

Property Features for 1938 W Diversey Pkwy

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 2 x 2BR/2BA, 1 x 3BR/2.1BA
Multifamily Units 3

Amenities

roof deck
deck
gas fireplaces
video door entry
security system
radiant floor in lower level

Building Details

Year Built 2006
Year Renovated 2013
Buildings 1
Listing Agency: Imperial Realty Company
Listed By: Paul Nelhart · License #IL 475.153240
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 4:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Imperial Realty Company

Investment Insights

Based on property information with market context.

This three-unit triplex was completely rebuilt in 2013 within a brick shell constructed in 2006. The property includes two 2-bedroom, 2-bath residences and a 3-bedroom, 2.1-bath duplex-down unit. Interior improvements include hardwood flooring, stainless steel appliances, custom kitchens and bathrooms, gas fireplaces, updated HVAC, plumbing, and electrical systems, plus soundproofing between floors.

Outdoor features include a private 900-square-foot roof deck serving the top-floor residence, additional decks, a steel-framed rear deck, and covered three-carport parking. The building also has video entry, a security system, sound wiring, and radiant flooring in the lower level. All three residences are currently rented, with the duplex-down unit offered on a month-to-month arrangement.

Key Highlights

  • Three‑unit triplex completely rebuilt in 2013; brick shell constructed in 2006
  • Two 2‑bedroom, 2‑bath units plus one 3‑bedroom, 2.1‑bath duplex‑down residence
  • Private 900‑square‑foot roof deck on the top‑floor unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Nursing Home Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Catering Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,111
Businesses Nearby

Demographics for 60614, IL

73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Rebuilt triplex with condo-grade interiors, private outdoor space, and covered parking.
Where is this triplex located?
The property is located at 1938 W Diversey Pkwy Chicago, IL.
What are key features of this property?
This property features: Three‑unit triplex completely rebuilt in 2013; brick shell constructed in 2006; Two 2‑bedroom, 2‑bath units plus one 3‑bedroom, 2.1‑bath duplex‑down residence; Private 900‑square‑foot roof deck on the top‑floor unit
More about this property
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