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3-Unit Triplex with In-Unit Laundry

1632 S Homan Avenue, Chicago, IL 60623

For Sale
$599,000

Each residence has three bedrooms, two full bathrooms, and its own laundry.

Property SizeContact for details
Days on Market69

Property Features for 1632 S Homan Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY
Occupancy 100%

Site & Location

Neighborhood Lawndale
Utilities to Site Yes

Units

Unit Mix 3 x 3BR/2BA
Multifamily Units 3
Individually Metered Utilities heat, gas, electricity

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $7,711

Amenities

in-unit laundry

Building Details

Year Built 2007
Buildings 1
Listing Agency: RE/MAX 10
Listed By: Anna Krzemien · License #475126478
Source: Bradlippitz
Added: Aug 31 Changed: Nov 5 Last Checked: Nov 7 at 6:49AM

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 RE/MAX 10

Rey
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Investment Insights

Based on property information with market context.

Built in 2007, this legal three-flat contains three residences, each with three bedrooms, two full bathrooms, in-unit laundry, and updated interiors. The property is fully occupied, with separate utilities for each unit.

Tenants are responsible for heat, gas, and electricity; the owner pays for water.

Key Highlights

  • Legal three‑flat built in 2007
  • Fully occupied across all three units
  • Each unit has 3 bedrooms and 2 full bathrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

3
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,068
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Triplexes in Chicago

Jul
Aug
Sep
Oct

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 - Each residence has three bedrooms, two full bathrooms, and its own laundry.
Where is this triplex located?
The property is located at 1632 S Homan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Legal three‑flat built in 2007; Fully occupied across all three units; Each unit has 3 bedrooms and 2 full bathrooms
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