Search
Renovated Three-Unit Multifamily Property
New
For Sale
$1,290,000

1408 N Bell Avenue, Chicago, IL 60622

Three distinct residences include a duplex, a top-floor apartment, and a city-approved accessory dwelling unit.

Property SizeContact for details
Days on Market6

Property Features for 1408 N Bell Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Units

Unit Mix 1 x 3BR/3.5BA, 1 x 3BR/2.5BA, 1 x studio
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $19,785

Amenities

in-unit laundry
balconies
rooftop deck
garage

Building Details

Buildings 1
Construction masonry
Listing Agency: Compass
Listed By: Mark Icuss
Source: Harkinsandassociates
Added: Oct 12 Changed: Oct 15 Last Checked: Oct 16 at 2:42PM

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 Compass

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This all-masonry triplex contains three residences, including a 3-bedroom, 3.5-bath duplex-down owner’s unit and a top-floor apartment with 3 bedrooms, tall ceilings, and 2.5 baths. The lower-level studio ADU received city approval and was completed in 2026. Its improvements include kitchen appliances, 200-amp electrical service, a hot water tank, a mini-split system, and in-unit laundry. Laundry is also provided in the other two units.

Outdoor features include steel rear balconies installed in 2025 and a staircase leading to a garage rooftop deck built out in 2019. The property also has an oversized garage. Updates include first-floor mini-split units in 2025, a furnace and A/C condenser installed in 2022, and spot tuckpointing in 2026. Fresh paint was added to the lower level and first-floor residence, along with a new first-floor washer and dryer.

Key Highlights

  • All‑masonry triplex with three residences, including a lower‑level studio ADU completed in 2026
  • Owner’s duplex‑down residence offers 3 bedrooms and 3.5 baths
  • Top‑floor apartment has 3 bedrooms, tall ceilings, and 2.5 baths

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Accounting Firm HVAC Service Clothing & Fashion Store

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

Location Intelligence

Trade Area within ½ mile

4,789
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three distinct residences include a duplex, a top-floor apartment, and a city-approved accessory dwelling unit.
Where is this triplex located?
The property is located at 1408 N Bell Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: All‑masonry triplex with three residences, including a lower‑level studio ADU completed in 2026; Owner’s duplex‑down residence offers 3 bedrooms and 3.5 baths; Top‑floor apartment has 3 bedrooms, tall ceilings, and 2.5 baths
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again