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Triplex Income Property
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1416 W Wolfram St, Chicago, IL 60657

Triplex offering three distinct units with newer appliances, hardwood floors, and individual heating and cooling controls.

Property SizeContact for details
Days on Market133

Property Features for 1416 W Wolfram St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 3
Listed By: Tyson Schutz · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 7:40AM

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 Tyson Schutz

Investment Insights

Based on property information with market context.

This triplex income property features a unit mix of one 4-bedroom/2-bath duplex, one 3-bedroom/2-bath unit, and one 2-bedroom/1-bath unit. The interiors include large open floor plans, newer appliances, hardwood floors, and individual control heating and cooling.

The property is located in Lakeview, Chicago, near a variety of bars, restaurants, and shopping options.

The building is currently fully occupied through the summer of the upcoming year. It is also being offered as part of a portfolio that includes two other Lakeview buildings.

Key Highlights

  • Triplex with three units: 4BD/2BA duplex, 3BD/2BA unit, and 2BD/1BA unit
  • Newer appliances across the units
  • Large open floor plans in the units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Fish Market Catering Service Butcher

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

3,872
Businesses Nearby

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
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 - Triplex offering three distinct units with newer appliances, hardwood floors, and individual heating and cooling controls.
Where is this triplex located?
The property is located at 1416 W Wolfram St Chicago, IL.
What are key features of this property?
This property features: Triplex with three units: 4BD/2BA duplex, 3BD/2BA unit, and 2BD/1BA unit; Newer appliances across the units; Large open floor plans in the units
More about this property
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