New Construction Three-Unit
For Sale
Contact for pricing
Pending
1548 S Sawyer Ave, Chicago, IL 60623
New construction three-unit property with modern finishes, delivery July 2026.
Property Size3,750 SF
Days on Market197
Property Features for 1548 S Sawyer Ave
General Information
Standard status
Pending
Size
3,750 SF
Property subtype
Multifamily
Investment Type
Owner/User
Building Details
Year Built
2026
Buildings
1
Stories
3
Units
3
Listing Agency:
Fulton Grace
Listed By:
Lawrence Dunning · License #IL 475164126
(773) 799-8042
Source:
Crexi
Added: Mar 24
Changed: Oct 3
Last Checked: Oct 5 at 5:51PM
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 Fulton Grace
Investment Insights
Based on property information with market context.
Scheduled for delivery in July 2026, this newly built three-unit property is intended for owner occupants only. Each unit features 3 bedrooms and 2 full baths. The property offers modern finishes and thoughtful design throughout. The units have open-concept layouts with abundant natural light, in-unit laundry, and stainless steel appliances in every kitchen. A rear parking pad provides off-street parking for residents. The property is located near public transit, parks, and local amenities in a rapidly appreciating area.
Key Highlights
- Newly built (2026) three‑unit property with modern finishes.
- Spacious units each featuring 3 bedrooms and 2 full baths.
- Open‑concept layouts with abundant natural light.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,512
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,240
$1.3M
Cap Rate 7%
$893,029
$893.0K
Cap Rate 9%
$694,578
$694.6K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$94.5K $25.20/SF
− Vacancy
−$5.2K −$1.39/SF
EGI
$89.3K $23.81/SF
− OpEx
−$26.8K −$7.14/SF
NOI
$62.5K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,240
Cap Rate 7%
$893,029
Cap Rate 9%
$694,578
Alternative Uses
Best Use
Multifamily LT 5
$893.0K
$781.4K – $1.04M
NOI $62,512 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$821.2K
$718.6K – $958.1K
NOI $57,484 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,768 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - New construction three-unit property with modern finishes, delivery July 2026.
Where is this triplex located?
The property is located at 1548 S Sawyer Ave Chicago, IL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Newly built (2026) three‑unit property with modern finishes.; Spacious units each featuring 3 bedrooms and 2 full baths.; Open‑concept layouts with abundant natural light.
