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Occupied Brick Triplex
For Sale
$529,900

1504 S Hamlin Avenue, Chicago, IL 60623

Tenant-occupied multifamily building with updated kitchens, baths, and hardwood flooring.

Property SizeContact for details
Days on Market11

Property Features for 1504 S Hamlin Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY
Occupancy 100%

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 3BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,964

Building Details

Year Built 1925
Construction brick
Listing Agency: EXIT Strategy Realty
Listed By: DeWayne Jefferson · License #475172787
Source: Harkinsandassociates
Added: Aug 11 Changed: Aug 20 Last Checked: Aug 20 at 11:48AM

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 EXIT Strategy Realty

Investment Insights

Based on property information with market context.

This 1925 brick triplex contains three residences, each configured with three bedrooms and consistent interior finishes. The apartments feature hardwood floors, spacious living areas, updated kitchens with white cabinetry, tile backsplashes, and stainless steel appliances. Updated bathrooms and original Chicago architectural details add further character throughout the building.

All three units are occupied by tenants, providing an established rental profile for the property. The building is in North Lawndale with access to public transportation, major thoroughfares, neighborhood amenities, and I-290. Nearby parks provide additional outdoor and recreational space.

Key Highlights

  • Three‑unit brick multifamily building constructed in 1925
  • Each residence offers 3 bedrooms with consistent layouts
  • All 3 apartments are tenant‑occupied

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store HVAC Service

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

953
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 - Tenant-occupied multifamily building with updated kitchens, baths, and hardwood flooring.
Where is this triplex located?
The property is located at 1504 S Hamlin Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Three‑unit brick multifamily building constructed in 1925; Each residence offers 3 bedrooms with consistent layouts; All 3 apartments are tenant‑occupied
More about this property
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