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Four-Unit Quadplex with Coach House
New
For Sale
$900,000

2418 N Western Ave, Chicago, IL 60647

Separate front and rear structures provide a flexible four-unit residential configuration.

Property SizeContact for details
Days on Market5

Property Features for 2418 N Western Ave

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Additional Details

Average Monthly Rent $1,756

Amenities

common-area laundry

Building Details

Year Built 1880
Buildings 2
Listing Agency: Coldwell Banker Realty
Listed By: Bobby Grilli
Source: Grillimurphyrealestate
Added: Sep 18 Changed: Sep 20 Last Checked: Sep 21 at 6:20AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

Located at 2418 N Western Avenue, this four-unit residential property includes three apartments in the front building and a detached rear coach house. Each residence is configured with one bedroom and one bathroom, along with its own HVAC system, hot water tank, and electric panel.

A basement laundry area serves the property, and one exterior parking space is accessed from the alley. Unit 2F is currently moving out, offering flexibility for an owner-occupant or investor. The property sits near the convergence of Bucktown, Logan Square, and West Lakeview, with access to the Western Blue Line station, an expressway, and multiple bus routes.

Key Highlights

  • Four separate 1‑bedroom/1‑bathroom units
  • Three units in the front building plus a detached rear coach house
  • Separate HVAC system, hot water tank, and electric panel for each unit

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store Tanning Salon Pet Grooming Service

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

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,804
Businesses Nearby

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Separate front and rear structures provide a flexible four-unit residential configuration.
Where is this quadplex located?
The property is located at 2418 N Western Ave Chicago, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four separate 1‑bedroom/1‑bathroom units; Three units in the front building plus a detached rear coach house; Separate HVAC system, hot water tank, and electric panel for each unit
More about this property
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