Updated Triplex with Private Outdoor
3041 W Fullerton Avenue, Chicago, IL 60647
For Sale
$850,000
Pending
Three separate entrances, individually metered utilities, and a detached two-car garage support distinct household use.
Property Size3,339 SF
Days on Market17
Property Features for 3041 W Fullerton Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
rear patio
private backyard
balcony/deck space
Finished,Exterior Entry,Full
3
6
Public
2
25x132
No
Ceiling Fan(s)
Yes,Detached,Garage
Concrete Perimeter
Building Details
Year Built
Buildings
Listing Agency:
Avenue 1 Realty Group
(708) 787-2808
Listed By:
Henry Rafidia
Source:
Kawashgroup
Added: Oct 21
Changed: Nov 5
Last Checked: Nov 6 at 8:22AM
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 Avenue 1 Realty Group
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Investment Insights
Based on property information with market context.
This 3,339-square-foot triplex contains three units, each with hardwood floors, updated kitchens with stainless steel appliances, and renovated bathrooms finished with ceramic tile. High ceilings and oversized windows bring natural light into the living areas, while separate entrances provide each unit with its own access. Utilities are individually metered. The property was built in 1896.
Outdoor features include a rear patio, a private backyard, and balcony or deck space. A detached two-car garage provides parking; one space is rented for $100 per month. The property is at 3041 W Fullerton Avenue in Chicago’s Logan Square neighborhood, near shops, restaurants, cafes, nightlife, the 606 Trail, public transportation, and major expressways.
The three-unit configuration and separate utility metering support independent occupancy, with outdoor areas and garage parking serving as additional property features.
Outdoor features include a rear patio, a private backyard, and balcony or deck space. A detached two-car garage provides parking; one space is rented for $100 per month. The property is at 3041 W Fullerton Avenue in Chicago’s Logan Square neighborhood, near shops, restaurants, cafes, nightlife, the 606 Trail, public transportation, and major expressways.
The three-unit configuration and separate utility metering support independent occupancy, with outdoor areas and garage parking serving as additional property features.
Key Highlights
- Three‑unit building with 3,339 square feet of building area
- 1896 construction date
- Three separate unit entrances and individually metered utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,660
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,200
$1.1M
Cap Rate 7%
$795,143
$795.1K
Cap Rate 9%
$618,444
$618.4K
Market Conditions
NOI Build-Up for 3,339 SF
Gross rent
$84.1K $25.20/SF
− Vacancy
−$4.6K −$1.39/SF
EGI
$79.5K $23.81/SF
− OpEx
−$23.9K −$7.14/SF
NOI
$55.7K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,200
Cap Rate 7%
$795,143
Cap Rate 9%
$618,444
Alternative Uses
Best Use
Multifamily LT 5
$795.1K
$695.8K – $927.7K
NOI $55,660 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$731.2K
$639.8K – $853.1K
NOI $51,184 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,203 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
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Market
Properties on Market for Triplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate entrances, individually metered utilities, and a detached two-car garage support distinct household use.
Where is this triplex located?
The property is located at 3041 W Fullerton Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit building with 3,339 square feet of building area; 1896 construction date; Three separate unit entrances and individually metered utilities
