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Brick Duplex with Finished Basement
New
For Sale
$415,000

1541 S Tripp Avenue, Chicago, IL 60623

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market2

Property Features for 1541 S Tripp Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bathroom 1
Basement Full, Unfinished
Elementary school district 299
Middle school district 299
High school district 299
Directions W 16th St to S Tripp Ave
Subdivision CHI - North Lawndale
Standard status Active
APN 16222260150000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 1693

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas, Other (Heating)
Water source Public

Amenities

fully finished basement
large backyard
storage

Building Details

Year built 1907
Building materials Brick
Listing Agency: Keller Williams ONEChicago · Keller Williams Realty
Listed By: Rashauna Scott · License #475178242
Added: Aug 27 Last Checked: Aug 28 at 7:06AM
MLS# 12743739

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 1907 brick duplex contains two residential units with distinct layouts. The first-floor residence is a 2-bedroom/1-bath duplex arrangement that extends into the basement, where the property includes two additional rooms, a bathroom, and a kitchen area. A separate 2-bedroom/1-bath unit occupies the second floor. The lower level is fully finished and provides storage space, while the property also includes a backyard.

Located at 1541 S Tripp Avenue in Chicago’s Lawndale neighborhood, the property is part of an established residential community with neighborhood businesses, restaurants, markets, and access to the 26th Street commercial corridor. Schools, parks, public transportation, and major Chicago roadways are also identified nearby. The property has public water, public sewer, forced-air heating, and natural gas service.

Key Highlights

  • Two‑unit brick duplex built in 1907
  • First‑floor 2‑bedroom/1‑bath duplex with basement rooms, bathroom, and kitchen area
  • Separate second‑floor 2‑bedroom/1‑bath unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Computer & Electronic Repair (Bike/Boat/Book/etc) 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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,012
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?
Duplex - Two residential units offer flexible layouts, basement storage, and a backyard in Chicago’s established Lawndale neighborhood.
Where is this duplex located?
The property is located at 1541 S Tripp Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1907; First‑floor 2‑bedroom/1‑bath duplex with basement rooms, bathroom, and kitchen area; Separate second‑floor 2‑bedroom/1‑bath unit
More about this property
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