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Three-Unit Masonry Apartment Building
New
For Sale
$279,900

1621 N Meade Ave, Chicago, IL 60639

Three two-bedroom residences include a garden-level unit and a detached garage.

Property Size3,877 SF
Lot Size0.09 Acres
Price / SF$72.19
Days on Market4

Property Features for 1621 N Meade Ave

General Information

Standard status Active
Size 3,877 SF
Total Parking Spaces 2
Lot size 0.09 Acres
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence needs a full rehab throughout

Site & Location

Neighborhood North Side
Public Transit Yes

Units

Unit Mix 2 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units 3

Building Details

Year Built 1920
Buildings 1
Construction masonry
Listing Agency: Wirtz Real Estate Group Inc
Listed By: Jamie Decker · License #475182031
Source: Dealwithdecker
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 21 at 2:18AM

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 Wirtz Real Estate Group Inc

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Investment Insights

Based on property information with market context.

Built in 1920, this masonry multifamily property contains three two-bedroom units. The first- and second-floor residences each have one bathroom, while the garden-level unit has one and a half bathrooms. A detached two-car garage is also on site. The property is being sold as-is and requires a full rehabilitation.

The site encompasses 3,877 square feet in Chicago’s Galewood/Austin area. North Avenue shopping and dining, CTA bus service, and area parks are nearby.

Key Highlights

  • Three 2‑bedroom units: two with 1 bath each and one garden‑level unit with 1.5 baths
  • 1920 masonry construction
  • Detached 2‑car garage

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,142
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three two-bedroom residences include a garden-level unit and a detached garage.
Where is this triplex located?
The property is located at 1621 N Meade Ave Chicago, IL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Three 2‑bedroom units: two with 1 bath each and one garden‑level unit with 1.5 baths; 1920 masonry construction; Detached 2‑car garage
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