3-Unit Triplex
For Sale
$459,000
Pending
1542 S Drake Avenue, Chicago, IL 60623
Three-unit residential income property suited to rental operations or owner occupancy.
Property SizeContact for details
Days on Market14
Property Features for 1542 S Drake Avenue
General Information
Standard status
Pending
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,269
Building Details
Year Built
1903
Listing Agency:
Baird & Warner
Listed By:
Brandice Hampton · License #475166488
(630) 538-7928
Source:
Harkinsandassociates
Added: Sep 10
Changed: Sep 18
Last Checked: Sep 21 at 7:44AM
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 Baird & Warner
Investment Insights
Based on property information with market context.
This triplex property contains three residential units within a building constructed in 1903. The configuration supports multiple rental units while also accommodating an owner-occupant arrangement in which one unit is used as a residence and the others generate rental income.
The property is located at 1542 S Drake Avenue in Chicago, Illinois, within the 60623 ZIP code. Its established construction date and three-unit layout provide the core characteristics of this residential income asset.
The property is located at 1542 S Drake Avenue in Chicago, Illinois, within the 60623 ZIP code. Its established construction date and three-unit layout provide the core characteristics of this residential income asset.
Key Highlights
- Three‑unit triplex configuration
- Built in 1903
- Owner‑occupant arrangement supported by additional rental units
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property suited to rental operations or owner occupancy.
Where is this triplex located?
The property is located at 1542 S Drake Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; Built in 1903; Owner‑occupant arrangement supported by additional rental units
