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Occupied Brick Triplex
For Sale
$529,900

1504 S Hamlin Avenue, Chicago, IL 60623

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market16

Property Features for 1504 S Hamlin Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 9
Bathrooms 5
Full bathrooms 3
Half bathrooms 2
Rooms Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 4, Bedroom 9, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 8, Bathroom 3, Bedroom 3, Bathroom 5, Bathroom 1, Bedroom 7
Parking 2
Parking features Owned
Elementary school district 299
Middle school district 299
High school district 299
Directions Head East or West on 16th St towards Avers Ave. Turn North onto Avers. Turn East onto 15th. Turn South onto Hamlin. Property will be on the West side of the street.
Subdivision CHI - North Lawndale
Standard status Active
APN 16231250130000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 2964

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air

Building Details

Year built 1925
Building materials Brick
Listing Agency: EXIT Strategy Realty · EXIT Realty
Listed By: DeWayne Jefferson · License #475172787
Added: Aug 11 Changed: Aug 22 Last Checked: Aug 26 at 5:06AM
MLS# 12730614

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 1925 brick triplex contains three tenant-occupied residences, each configured with three bedrooms. The apartments offer consistent layouts and finishes, including hardwood flooring, generous living areas, updated kitchens with white cabinetry, tile backsplashes, and stainless steel appliances. Updated bathrooms and classic Chicago architectural details add to the building’s character. Forced-air heating powered by natural gas serves the property, with public sewer and owned parking also provided.

The 0.07-acre property is located at 1504 S Hamlin Avenue in Chicago’s North Lawndale area. Its West Side setting provides access to public transportation, major thoroughfares, neighborhood amenities, nearby parks, and I-290. All three units are occupied, establishing an existing multifamily rental configuration for the next owner.

Key Highlights

  • Three‑unit brick multifamily property built in 1925
  • Three tenant‑occupied residences, each with 3 bedrooms
  • Updated kitchens with white cabinetry, tile backsplashes, and stainless steel appliances

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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-bedroom residences feature updated kitchens, refreshed 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 property built in 1925; Three tenant‑occupied residences, each with 3 bedrooms; Updated kitchens with white cabinetry, tile backsplashes, and stainless steel appliances
More about this property
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