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Triplex with Gated Parking
For Sale
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2724 W Chicago Avenue, Chicago, IL 60622

Corner multifamily building with dedicated storage, tenant-paid heat, and varied residential layouts.

Property SizeContact for details
Days on Market204

Property Features for 2724 W Chicago Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily

Units

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

Amenities

in-unit laundry
in-unit furnace
shared w/d
storage room

Building Details

Year Built 1896
Buildings 1
Listing Agency: Compass Chicago
Listed By: Santiago & Elizabeth Real Estate · License #IL 475153660
Source: Crexi
Added: Feb 10 Changed: Aug 30 Last Checked: Aug 31 at 8:16AM

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 Compass Chicago

Investment Insights

Based on property information with market context.

This corner triplex contains three residential units and a separate storage room within a wide, deep building footprint. The unit mix includes two 2-bedroom, 1-bath residences and one 3-bedroom, 1-bath residence. One 2-bedroom unit has in-unit laundry and its own furnace, while the other 2-bedroom and the 3-bedroom unit each have an in-unit furnace with shared laundry access.

The property also includes two exterior gated parking spaces. Tenants pay heat, and the building has received multiple updates over time. Constructed in 1896, the property is offered as-is, with the seller providing no warranties.

Key Highlights

  • Three residential units with a 2‑bedroom, 1‑bath, 2‑bedroom, 1‑bath, and 3‑bedroom, 1‑bath mix
  • Two exterior, gated parking spaces
  • Separate storage room included

Property Analytics

Current Use

William Colón Landlord Corporate Office

Suggested Use

Top Pick Nursing Home Accounting Firm Pet Grooming Service Locksmith Bed & Breakfast (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

2,405
Businesses Nearby

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

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 - Corner multifamily building with dedicated storage, tenant-paid heat, and varied residential layouts.
Where is this triplex located?
The property is located at 2724 W Chicago Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three residential units with a 2‑bedroom, 1‑bath, 2‑bedroom, 1‑bath, and 3‑bedroom, 1‑bath mix; Two exterior, gated parking spaces; Separate storage room included
More about this property
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