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Brick Triplex with Garden Apartment
For Sale
$539,900

1624 N Tripp Avenue, Chicago, IL 60639

Brick multifamily property with separate utilities and updated building systems.

Property SizeContact for details
Days on Market13

Property Features for 1624 N Tripp Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype MULTI_FAMILY

Units

Unit Mix 2 x 3BR, 1 x 2BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $7,851

Building Details

Year Built 1908
Buildings 1
Construction brick
Listing Agency: Fulton Grace Realty
Listed By: Cristina Ancona · License #475158996
Source: Harkinsandassociates
Added: Sep 10 Changed: Sep 20 Last Checked: Sep 21 at 7:29AM

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 Realty

Investment Insights

Based on property information with market context.

Built in 1908, this brick triplex includes two above-grade residences and a garden-level apartment. The first- and second-floor units each offer 3 bedrooms, while the basement apartment includes 2 bedrooms. Separate utilities support the three-unit configuration.

Property improvements include updated electrical, plumbing, heating systems, kitchens, bathrooms, flooring, a sump pump, and an injector pump. Three rear parking spaces are included. The property is located near schools, transportation, shopping, and the 606 Trail. It is offered in as-is condition.

Key Highlights

  • Triplex configuration with two 3‑bedroom units and a 2‑bedroom garden apartment
  • Brick construction; built in 1908
  • Separate utilities for the three‑unit property

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Acupuncture Nursing Home Skin Care Clinic Carpet & Flooring 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,563
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
View Realmo Analytics

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?
Triplex - Brick multifamily property with separate utilities and updated building systems.
Where is this triplex located?
The property is located at 1624 N Tripp Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Triplex configuration with two 3‑bedroom units and a 2‑bedroom garden apartment; Brick construction; built in 1908; Separate utilities for the three‑unit property
More about this property
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