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Renovated Triplex With Unfinished Basement
New
For Sale
$549,000

1431 S Tripp Avenue, Chicago, IL 60623

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Days on Market1

Property Features for 1431 S Tripp Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 12
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 2, Bedroom 10, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 7, Basement, Bedroom 12, Bathroom 1, Bedroom 9, Bedroom 1, Bedroom 11, Bedroom 8, Bedroom 2, Bedroom 4
Parking 3
Parking features Owned
Basement Unfinished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions 16th to Tripp-North to property
Subdivision CHI - North Lawndale
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

Amenities

private back porch
washer/dryer per unit
stainless steel appliances

Building Details

Year built 1914
Building materials Brick
Roof type Flat
Listing Agency: Chicagoland Brokers, Inc.
Listed By: Clemente Lopez · License #475128961
Added: Aug 11 Last Checked: Aug 11 at 8:06PM
MLS# 12729885

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 brick triplex contains three apartments with matching layouts. Each unit includes three bedrooms, a living room, dining room, kitchen, and full bathroom, along with a private rear porch. The building was substantially updated in 2023 with new HVAC, plumbing, electrical work, stainless steel appliances, refinished hardwood floors, and LVP flooring. A washer and dryer are provided in each apartment.

The unfinished basement provides additional interior area that could be configured as a garden-level unit or connected to the first-floor apartment, subject to applicable approvals. Parking includes off-street space with two spaces at the rear. The property has forced-air heating, natural gas service, public water, and public sewer. It is located near Ogden Avenue and I-290, across from Franklin Park.

Key Highlights

  • Three apartments, each with three bedrooms, living room, dining room, kitchen, and full bathroom
  • Fully remodeled in 2023 with new HVAC, plumbing, electrical, appliances, and flooring
  • Unfinished basement with potential for a garden‑level unit or first‑floor duplex configuration

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Acupuncture Nursing Home Carpet & Flooring 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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

706
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
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 - Three-apartment brick property with updated systems, individual laundry, rear parking, and an unfinished lower level.
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: Three apartments, each with three bedrooms, living room, dining room, kitchen, and full bathroom; Fully remodeled in 2023 with new HVAC, plumbing, electrical, appliances, and flooring; Unfinished basement with potential for a garden‑level unit or first‑floor duplex configuration
More about this property
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