7-Unit Brick Apartment
3012 W Warren Boulevard, Chicago, IL 60612
For Sale
$899,900
Residents have access to on-site laundry, with apartments ranging from studios to two-bedroom layouts.
Property Size5,133 SF
Price / SF$175.32
Days on Market62
Property Features for 3012 W Warren Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Triton Realty Group LLC
Listed By:
Nico Giannini
(312) 788-9379
Source:
Ifindpropertiesllc
Added: Sep 15
Changed: Nov 14
Last Checked: Nov 14 at 7:22PM
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 Triton Realty Group LLC
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Investment Insights
Based on property information with market context.
This 5,133-square-foot brick apartment property at 3012 W Warren Boulevard in Chicago contains seven units. The mix comprises one studio, four one-bedroom apartments, and two two-bedroom apartments. On-site laundry serves the building, which was constructed in 1928 and is professionally managed.
The property is in East Garfield Park, west of the United Center and near the planned 1901 Project.
The property is in East Garfield Park, west of the United Center and near the planned 1901 Project.
Key Highlights
- Seven apartments: one studio, four one‑bedroom units, and two two‑bedroom units
- 5,133 square feet in a brick building constructed in 1928
- On‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,685
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,700
$1.6M
Cap Rate 7%
$1,124,071
$1.1M
Cap Rate 9%
$874,278
$874.3K
Market Conditions
NOI Build-Up for 5,133 SF
Gross rent
$150.9K $29.40/SF
− Vacancy
−$7.8K −$1.53/SF
EGI
$143.1K $27.87/SF
− OpEx
−$64.4K −$12.54/SF
NOI
$78.7K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,700
Cap Rate 7%
$1,124,071
Cap Rate 9%
$874,278
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$983.6K – $1.31M
NOI $78,685 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,414 @ 7.0% cap · market cap 18.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
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Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to on-site laundry, with apartments ranging from studios to two-bedroom layouts.
Where is this apartment building located?
The property is located at 3012 W Warren Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Seven apartments: one studio, four one‑bedroom units, and two two‑bedroom units; 5,133 square feet in a brick building constructed in 1928; On‑site laundry
