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Victorian Triplex with Detached Garage
For Sale
$875,000

1501 W Wilson Avenue, Chicago, IL 60640

Three-unit property with original architectural details, a full basement, and separate two-car garage.

Property SizeContact for details
Days on Market49

Property Features for 1501 W Wilson Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

Steam
Radiator(s)

Building Details

Year Built 1903
Construction Victorian
Listing Agency: Corcoran Urban Real Estate
Listed By: Matt Silver
Source: Kw
Added: Jul 17 Changed: Sep 2 Last Checked: Sep 1 at 3:54PM

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 Corcoran Urban Real Estate

Investment Insights

Based on property information with market context.

Built in 1903, this Victorian triplex occupies a corner lot at 1501 W Wilson Avenue in Chicago. The property contains three units, generously proportioned rooms, and interior details including ornate woodwork and other period features. A full basement expands the building’s functional space, while steam and radiator systems serve the interior.

A detached two-car garage accompanies the building. The property is offered AS-IS, providing a renovation-focused opportunity to preserve its existing architectural character while updating the three-unit configuration. The corner setting, basement, and separate garage add practical elements to the overall property package.

Key Highlights

  • 1903 Victorian building configured as three units
  • Corner‑lot setting at 1501 W Wilson Avenue, Chicago, IL 60640
  • Original ornate woodwork and period interior details

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Home Appliance 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

3,825
Businesses Nearby

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
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?
Triplex - Three-unit property with original architectural details, a full basement, and separate two-car garage.
Where is this triplex located?
The property is located at 1501 W Wilson Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1903 Victorian building configured as three units; Corner‑lot setting at 1501 W Wilson Avenue, Chicago, IL 60640; Original ornate woodwork and period interior details
More about this property
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