All-Brick Four-Unit Double-Lot
For Sale
$599,900
Pending
2853 West 40th Street, Chicago, IL 60632
All-brick 4-unit home on a double lot with separate PINs, zoned RS-3 and legally configured as a 4-flat.
Property SizeContact for details
Lot Size0.14 Acres
Days on Market89
Property Features for 2853 West 40th Street
General Information
Standard status
Pending
Total Parking Spaces
4
Lot size
0.14 Acres
Property subtype
Two to Four Units / 2 Flat
Zoning
MULTI
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,161
Building Details
Year Built
1914
Listing Agency:
RE/MAX Mi Casa
(708) 228-1115
Listed By:
Claudia Galaviz · License #475210924
(708) 228-1115
Source:
Compass
Added: May 28
Changed: Aug 24
Last Checked: Jul 25 at 12:15PM
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 Mi Casa
Investment Insights
Based on property information with market context.
This all-brick 4-unit property is positioned on a 6,250 sq. ft. double lot with 2 separate PINs. The building includes a classic 3-unit brownstone with an unfinished attic, plus a rear 3-story coach house that has a basement and an attic space described as potentially duplexable. Off-street parking is provided with 4 rear parking spaces. The property is being sold AS-IS.
The site is zoned RS-3 and is legally zoned as a 4-flat. It is described as being conveniently located near I-55 and public transportation, with access to nearby schools, parks, shopping, and restaurants.
For investors or owner-occupants, the existing 4-unit setup—combined with attic space in both structures and a double-lot configuration—can support strategies that involve stabilizing rents and addressing deferred improvements. With the legal 4-flat status and on-site parking, the property provides a practical framework for maintaining multiple units while evaluating how to best utilize the unfinished and duplexable attic areas.
The site is zoned RS-3 and is legally zoned as a 4-flat. It is described as being conveniently located near I-55 and public transportation, with access to nearby schools, parks, shopping, and restaurants.
For investors or owner-occupants, the existing 4-unit setup—combined with attic space in both structures and a double-lot configuration—can support strategies that involve stabilizing rents and addressing deferred improvements. With the legal 4-flat status and on-site parking, the property provides a practical framework for maintaining multiple units while evaluating how to best utilize the unfinished and duplexable attic areas.
Key Highlights
- All‑brick 4‑unit property built in 1914 on a 6,250 sq. ft. double lot.
- Double lot has 2 separate PINs.
- Zoned RS‑3 and legally zoned as a 4‑flat.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - All-brick 4-unit home on a double lot with separate PINs, zoned RS-3 and legally configured as a 4-flat.
Where is this quadplex located?
The property is located at 2853 West 40th Street Chicago, IL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: All‑brick 4‑unit property built in 1914 on a 6,250 sq. ft. double lot.; Double lot has 2 separate PINs.; Zoned RS‑3 and legally zoned as a 4‑flat.
