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Updated Four-Unit Brick Building
For Sale
Contact for pricing
Pending

3242 W Warner Ave, Chicago, IL 60618

Modernized building systems, tenant-paid heating and cooling, and a two-car garage support the property’s income-producing configuration.

Property SizeContact for details
Days on Market144

Property Features for 3242 W Warner Ave

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Multifamily

Additional Details

Multifamily Units 4

Building Details

Buildings 1
Construction brick
Listing Agency: @properties
Listed By: Ila Coretti · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 11:12PM

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 @properties

Investment Insights

Based on property information with market context.

This Chicago quadplex is a brick building arranged across a double lot, with four residential units that have received substantial updates. Improvements include new electric service, HVAC systems with AC, new hot water heaters, and newer windows throughout. Three units feature newer kitchens, while original wood trim and built-in cabinetry remain in well-maintained condition.

Residents pay for their own heating and cooling. The property also includes a dry basement, a two-car garage, and space for gardening. The original owner’s unit offers a potential connection to the basement for additional configuration, subject to the required review and approvals.

Key Highlights

  • Four‑unit brick building situated on a double lot
  • New electric, HVAC including AC, and hot water heaters in all units
  • Newer windows throughout the building

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic Nursing Home Bed & Breakfast Butcher Florist

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,013
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
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?
Quadplex - Modernized building systems, tenant-paid heating and cooling, and a two-car garage support the property’s income-producing configuration.
Where is this quadplex located?
The property is located at 3242 W Warner Ave Chicago, IL.
What are key features of this property?
This property features: Four‑unit brick building situated on a double lot; New electric, HVAC including AC, and hot water heaters in all units; Newer windows throughout the building
More about this property
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