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Brick Triplex with Parking
For Sale
$699,000

3041 S Lowe Ave, Chicago, IL 60616

Brick multifamily property features newer windows, per-unit heating, basement laundry, a patio, and rear parking.

Property SizeContact for details
Days on Market15

Property Features for 3041 S Lowe Ave

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi-Family

Units

Unit Mix 2 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units 3

Amenities

in-unit laundry
walk-in closet
basement laundry
patio

Building Details

Year Built 1885
Construction brick
Listing Agency: Wirtz Real Estate Group Inc
Listed By: Shopping Casas
Source: Shoppingcasaschicago
Added: Sep 8 Changed: Sep 20 Last Checked: Sep 21 at 6:57AM

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 Wirtz Real Estate Group Inc

Investment Insights

Based on property information with market context.

Built in 1885, this brick triplex offers a two-level configuration with a practical mix of units. Two apartments each contain 1 bedroom and 1 bathroom, while the second-floor residence provides 3 bedrooms and 2 bathrooms, along with in-unit laundry and a walk-in closet in the primary bedroom. Each unit has a high-efficiency gas-forced heating furnace installed within 9 years. The roof is 9 years old, and all windows were replaced less than 7 years ago.

Additional laundry facilities are located in the basement, and the rear of the property includes 4 parking spaces. A patio provides outdoor space. The property is in Bridgeport, within the Healy School District, and carries a Chicago address.

Key Highlights

  • Brick 3‑unit building with two 1‑bed/1‑bath apartments and one 3‑bed/2‑bath unit
  • Second‑floor unit includes in‑unit laundry and a master bedroom walk‑in closet
  • High‑efficiency, gas‑forced heating furnaces per unit installed within 9 years

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic Locksmith Barber Shop Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

1,656
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Brick multifamily property features newer windows, per-unit heating, basement laundry, a patio, and rear parking.
Where is this triplex located?
The property is located at 3041 S Lowe Ave Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Brick 3‑unit building with two 1‑bed/1‑bath apartments and one 3‑bed/2‑bath unit; Second‑floor unit includes in‑unit laundry and a master bedroom walk‑in closet; High‑efficiency, gas‑forced heating furnaces per unit installed within 9 years
More about this property
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