Triplex With Detached Coach
For Sale
$1,299,000
1736 W Beach Avenue, Chicago, IL 60622
Brick construction and broad south-facing windows bring natural light into this multi-unit property.
Property Size4,600 SF
Price / SF$282.39
Days on Market9
Property Features for 1736 W Beach Avenue
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Two to Four Units
Site & Location
Neighborhood
Wicker Park
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$20,694
Amenities
Crawl Space
4
6
Lake Michigan
24X100
No
Stone
Building Details
Year Built
1885
Construction
brick
Listing Agency:
Select a Fee RE System
(708) 787-2808
Listed By:
Robi Neupane
Source:
Kawashgroup
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:52PM
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 Select a Fee RE System
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,600-square-foot triplex property includes a three-unit brick building and a detached coach house. South-facing windows provide natural light, and the building dates to 1885. The coach house is nonconforming.
The property is at 1736 W Beach Avenue in Chicago’s Wicker Park neighborhood, steps from dining and transit. The lot measures 24 by 100 feet.
The property is at 1736 W Beach Avenue in Chicago’s Wicker Park neighborhood, steps from dining and transit. The lot measures 24 by 100 feet.
Key Highlights
- Three‑unit brick building with a detached coach house
- 4,600 square feet; built in 1885
- South‑facing windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,681
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,620
$1.5M
Cap Rate 7%
$1,095,443
$1.1M
Cap Rate 9%
$852,011
$852.0K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$115.9K $25.20/SF
− Vacancy
−$6.4K −$1.39/SF
EGI
$109.5K $23.81/SF
− OpEx
−$32.9K −$7.14/SF
NOI
$76.7K $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%
$1,533,620
Cap Rate 7%
$1,095,443
Cap Rate 9%
$852,011
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$958.5K – $1.28M
NOI $76,681 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$1.01M
$881.4K – $1.18M
NOI $70,514 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,822 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Brick construction and broad south-facing windows bring natural light into this multi-unit property.
Where is this triplex located?
The property is located at 1736 W Beach Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Three‑unit brick building with a detached coach house; 4,600 square feet; built in 1885; South‑facing windows
