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Occupied Brick Triplex
For Sale
$529,900

1504 S Hamlin Avenue, Chicago, IL 60623

Tenant-occupied residences feature refreshed kitchens, updated baths, hardwood floors, and consistent layouts throughout.

Property SizeContact for details
Days on Market19

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
Buildings 1
Construction brick
Tenancy Multi
Listing Agency: EXIT Strategy Realty
Listed By: DeWayne Jefferson · License #475172787
Source: Harkinsandassociates
Added: Sep 4 Changed: Sep 16 Last Checked: Sep 21 at 7:31AM

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.

Built in 1925, this brick triplex contains three tenant-occupied residences with matching three-bedroom layouts. Each apartment includes hardwood flooring, generous living areas, substantial natural light, an updated kitchen with white cabinetry, tile backsplash, and stainless steel appliances, plus a renovated bathroom. The property combines classic Chicago brick architecture with refreshed interior finishes and ongoing rental occupancy.

Located at 1504 S Hamlin Ave in Chicago’s North Lawndale area, the building offers access to public transportation, major thoroughfares, neighborhood amenities, and I-290. Nearby parks add recreational space within the surrounding area. The three-unit configuration and occupied status provide a straightforward multifamily format for an owner seeking an established rental property.

Key Highlights

  • Three‑unit brick multifamily building with three‑bedroom residences
  • All three apartments are currently tenant‑occupied
  • Updated kitchens with white cabinetry, tile backsplashes, and stainless steel appliances

Property Analytics

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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
Multi-tenant
Tenancy
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
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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 residences feature refreshed kitchens, updated baths, hardwood floors, and consistent layouts throughout.
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 with three‑bedroom residences; All three apartments are currently tenant‑occupied; Updated kitchens with white cabinetry, tile backsplashes, and stainless steel appliances
More about this property
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