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Brick Quadplex with Four Units
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2918 S Wells Street, Chicago, IL 60616

Solid two-story brick quadplex with four units, totaling eight bedrooms and four full baths.

Property SizeContact for details
Days on Market65

Property Features for 2918 S Wells Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily
Zoning LNC

Building Details

Year Built 1888
Listing Agency: HomeSmart Realty Group
Listed By: Gregory Gromek · License #475133303
Source: Crexi
Added: Jun 10 Changed: Aug 8 Last Checked: Aug 11 at 8:58AM

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 HomeSmart Realty Group

Investment Insights

Based on property information with market context.

This solid brick quadplex offers four residential units across two stories. The building provides a total of 8 bedrooms and 4 full bathrooms, with select units featuring high ceilings and hardwood flooring. Overall, the layout is designed for separate unit living within a classic multi-family structure.

Located in the Armour Square neighborhood of Chicago, the property places residents within easy reach of several locally known destinations, including Maria's Packaged Goods & Community Bar, Bridgeport Coffeehouse, Antique Taco, and Bridgeport Art Center. The area is also described as having convenient access to public transportation and nearby expressways, with close proximity to Chinatown and Rate Field.

For investors or owner-operators seeking a small income-producing property, this four-unit brick building offers a straightforward quadplex configuration and multiple unit bedrooms/bathrooms across two levels. The combination of durable brick construction and interior touches such as high ceilings and hardwood flooring in select units may support appeal to a range of tenants looking for comfortable, traditional finishes.

Key Highlights

  • Solid brick 4‑unit (quadplex) building built in 1888
  • Two‑story layout with four residential units totaling 8 bedrooms and 4 full bathrooms
  • Some units feature high ceilings and hardwood flooring

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Locksmith Auto Parts Store Butcher Garden Center

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

1,599
Businesses Nearby

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
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?
Quadplex - Solid two-story brick quadplex with four units, totaling eight bedrooms and four full baths.
Where is this quadplex located?
The property is located at 2918 S Wells Street Chicago, IL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Solid brick 4‑unit (quadplex) building built in 1888; Two‑story layout with four residential units totaling 8 bedrooms and 4 full bathrooms; Some units feature high ceilings and hardwood flooring
More about this property
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