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Remodeled 3-Unit with Unfinished Basement

1431 S Tripp Avenue Chicago, IL 60623

1431 S Tripp Avenue, Chicago, IL, 60623
$549,000
For Sale
Claim this Listing
$549,000

MULTI_FAMILY - Chicago, IL

AddedApr 10
Days on Market98
Last RefreshJul 16 at 6:06 am

Property Features for 1431 S Tripp Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
12
Bathrooms
3
Rooms
Bedroom 9, Bedroom 8, Bedroom 3, Bedroom 7, Bedroom 12, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 10, Bathroom 1, Basement, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 11
Parking
3
Parking features
Owned
Basement
Full, Unfinished
Standard status
Active
APN
16222180090000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
1905

Utilities

Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public

Building Details

Year built
1914
Building materials
Brick
Roof type
Flat

Listing agent Clemente Lopez License #475128961

Listing office Chicagoland Brokers, Inc. 5151 N Harlem Suite 201, Chicago, IL

Listing date Apr 10, 2026

MLS# 12615877 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This remodeled 3-unit multifamily property features three identical apartment layouts, each with three bedrooms, a living room, dining room, kitchen, and a full bath. Improvements completed in 2023 include new HVAC, new plumbing and electrical, stainless steel appliances, and refreshed flooring with refinished hardwood and LVP throughout. Each unit also has its own washer/dryer. The unfinished basement adds flexibility for future value creation, with room to potentially add a fourth garden-level unit or duplex the first floor down.

The building includes a private back porch and off-street parking with two spaces in the rear. The property is located near Ogden Ave and I-290, and is across from Franklin Park. The zoning is listed as MULTI.

All units have identical configurations, which can simplify leasing and maintenance while giving the unfinished basement an additional space option beyond the current three units.

Key Highlights

  • 3‑unit brick building (1914) with a flat roof, public water, and public sewer
  • Fully remodeled in 2023 with brand‑new HVAC (2023) plus new plumbing and electrical (2023)
  • Each unit features identical layout with 3 bedrooms, kitchen, and a full bathroom

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Real Estate Agency Skin Care Clinic Computer & Electronic Repair (Bike/Boat/Book/etc) Store Gym & Fitness Center Acupuncture (Bike/Boat/Book/etc) Store Electrical Service Catering Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Remodeled 2023 three-unit building with identical layouts, in-unit washer/dryer, and an unfinished basement for future expansion.
Where is this triplex located?
The property is located at 1431 S Tripp Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3‑unit brick building (1914) with a flat roof, public water, and public sewer; Fully remodeled in 2023 with brand‑new HVAC (2023) plus new plumbing and electrical (2023); Each unit features identical layout with 3 bedrooms, kitchen, and a full bathroom
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