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Brick Corner Triplex
For Sale
$469,999
Pending

1654 N Austin Ave, Chicago, IL 60639

Three fully leased apartments with updated kitchens, wood floors, natural gas, and forced-air heating in a corner brick building.

Property SizeContact for details
Days on Market62

Property Features for 1654 N Austin Ave

General Information

Standard status Pending
Property subtype Multi-Family
Occupancy 100%

Site & Location

Highway Access Yes
Public Transit Yes

Units

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

Building Details

Year Built 1918
Buildings 1
Construction brick
Tenancy Multi
Listing Agency: RE/MAX Premier
Listed By: Krystal Corley (312) 498-8963 · License #475161786
Source: Illianahomesource
Added: Jul 3 Changed: Aug 29 Last Checked: Aug 25 at 6:55AM

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 Premier

Investment Insights

Based on property information with market context.

This corner brick triplex, built in 1918, contains three two-bedroom, one-bathroom apartments. All units are currently leased. The first- and second-floor residences feature wood flooring and updated kitchens equipped with newer appliances. Building systems include natural gas and forced-air heating, with a flat exterior roof profile.

The property is located at 1654 N Austin Avenue in Chicago, near the Galewood and Austin neighborhoods. Downtown Oak Park is approximately 5 minutes away, with restaurants, shopping, entertainment, parks, and public transportation nearby. Major expressways are also accessible for regional commuting.

Key Highlights

  • Three 2‑bedroom, 1‑bathroom units
  • All three apartments are fully rented
  • Corner brick building constructed in 1918

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Computer & Electronic Repair Acupuncture

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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

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

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 - Three fully leased apartments with updated kitchens, wood floors, natural gas, and forced-air heating in a corner brick building.
Where is this triplex located?
The property is located at 1654 N Austin Ave Chicago, IL.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bathroom units; All three apartments are fully rented; Corner brick building constructed in 1918
More about this property
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