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Marshall Square Legal 3-Flat
For Sale
$375,000

2250 S Sacramento Ave, Chicago, IL 60623

Well-maintained, fully rented 3-flat near Pink Line and Douglass Park.

Property SizeContact for details
Days on Market98

Property Features for 2250 S Sacramento Ave

General Information

Standard status Active
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $2,770
Listing Agency: RE/MAX 10 Lincoln Park
Listed By: Thomas Hanigan · License #471.014758
Source: Exprealty
Added: May 21 Changed: Aug 25 Last Checked: Aug 25 at 10:22AM

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 Lincoln Park

Investment Insights

Based on property information with market context.

This is a well-maintained, fully rented legal 3-flat located in Marshall Square. The first floor includes a front unit with 2 bedrooms and 1 bathroom, and a rear unit with 1 bedroom and 1 bathroom. The second floor unit features 3 bedrooms and 1 bathroom. Unit 1R is currently rented month-to-month, presenting an opportunity for owner-occupant buyers. All units have separate utilities. The property includes garage parking for 2 cars and storage space. There is untapped potential for value addition with the large unfinished attic. A common laundry room is on-site, equipped with a coin-operated washer and dryer for additional income. The property is located close to the Pink Line and Douglass Park. It is being sold AS IS.

Key Highlights

  • Fully rented, legal 3‑flat property.
  • Separate utilities for each unit.
  • Garage parking for 2 cars plus storage.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Skin Care Clinic Veterinary Clinic Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,813
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained, fully rented 3-flat near Pink Line and Douglass Park.
Where is this triplex located?
The property is located at 2250 S Sacramento Ave Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Fully rented, legal 3‑flat property.; Separate utilities for each unit.; Garage parking for 2 cars plus storage.
More about this property
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