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Multifamily Development Site with Triplex
For Sale
$500,000
Pending

3008 North Davlin Court, Chicago, IL 60618

Oversized multifamily-zoned lot with an existing brick three-flat requiring a full gut rehab.

Property SizeContact for details
Days on Market67

Property Features for 3008 North Davlin Court

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Two to Four Units / 3 Flat
Zoning MULTI

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,800

Building Details

Year Built 1920
Listing Agency: Baird & Warner
Listed By: Craig Fallico · License #475086022
Source: Compass
Added: Jun 4 Changed: Aug 8 Last Checked: Aug 8 at 7:46AM

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 Baird & Warner

Investment Insights

Based on property information with market context.

The value of this offering is primarily in the land. The property includes an oversized 30x142 lot with a brick 3-flat on-site that is in need of a gut rehab and is not currently livable.

Zoned for multi family, the site offers a straightforward option for buyers looking to redevelop or restore the existing structure. The building is not livable and the property is available for drive-by viewing only. This is a for-sale opportunity located at 3008 North Davlin Court in Chicago, IL 60618.

For practical tenant and owner-user fit, this is best suited to investors, builders, or contractors prepared for a full rehab, or to buyers planning redevelopment consistent with the property’s multi-family zoning. The existing three-flat condition makes it an undertaking rather than a move-in ready income asset.

Key Highlights

  • Value is primarily in the land with an oversized 30x142 lot.
  • Existing brick 3‑flat on‑site is not livable and requires a full gut rehab.
  • Property is zoned for multifamily use.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Home Appliance Store Nursing Home Catering 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,660
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Oversized multifamily-zoned lot with an existing brick three-flat requiring a full gut rehab.
Where is this triplex located?
The property is located at 3008 North Davlin Court Chicago, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Value is primarily in the land with an oversized 30x142 lot.; Existing brick 3‑flat on‑site is not livable and requires a full gut rehab.; Property is zoned for multifamily use.
More about this property
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