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Three-Unit Residential Income Building
For Sale
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2921 S Bonfield Street, Chicago, IL 60608

Legal 3-unit building with a nonconforming 4th unit, needing updating and sold as-is.

Property SizeContact for details
Days on Market129

Property Features for 2921 S Bonfield Street

General Information

Standard status Active
Property subtype Multifamily
Zoning MULTI

Additional Details

Multifamily Units 4

Building Details

Year Built 1888
Listing Agency: GC Realty and Development, LL
Listed By: Sarita Scherpereel · License #475214849
Source: Crexi
Added: Apr 15 Changed: Aug 8 Last Checked: Jul 22 at 6:09PM

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 GC Realty and Development, LL

Investment Insights

Based on property information with market context.

This legal 3-unit residential building includes an additional nonconforming 4th unit. The property is being offered in need of updating and is sold as-is, making it suitable for buyers looking for a value-add renovation opportunity.

Located at 2921 S Bonfield Street in Bridgeport, the building is described as within walking distance to grocery stores and the Orange Line, with convenient access to downtown and surrounding neighborhoods.

The current configuration provides a multi-unit setup with four total units on-site, including one nonconforming unit, while requiring capital improvements to bring the property to market-ready condition.

Key Highlights

  • Legal 3‑unit building with a non‑conforming 4th unit
  • Year built: 1888
  • Needs updating

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Locksmith Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

1,142
Businesses Nearby

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
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 - Legal 3-unit building with a nonconforming 4th unit, needing updating and sold as-is.
Where is this triplex located?
The property is located at 2921 S Bonfield Street Chicago, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Legal 3‑unit building with a non‑conforming 4th unit; Year built: 1888; Needs updating
More about this property
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