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Brick Triplex

3046 W Polk Street, Chicago, IL 60612

For Sale
$399,500

Separate gas and electric meters serve each residence, along with a stove and refrigerator.

Property SizeContact for details
Days on Market76

Property Features for 3046 W Polk Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Lawndale
Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3
Individually Metered Utilities gas, electric

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $6,398

Building Details

Year Built 1913
Buildings 1
Construction brick
Listing Agency: Compass
Listed By: Lance Lukose
Source: Premier-relocation
Added: Aug 24 Changed: Nov 7 Last Checked: Nov 7 at 12:48PM

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 Compass

Rey
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Investment Insights

Based on property information with market context.

Built in 1913, this brick triplex contains three residences, each with three bedrooms and one bathroom. A stove and refrigerator are provided in each unit, and gas and electric service are separately metered. The basement is unfinished. The property is occupied, and the seller will not provide notice to vacate.

The building is on W Polk Street in Chicago, with access to I-290 and CTA service nearby. The United Center, the University of Illinois Chicago, and the Illinois Medical District are also identified as nearby destinations.

Units 1 and 2 are rented month-to-month. The lease for Unit 3 runs through December 2026.

Key Highlights

  • Three residences, each with 3 bedrooms and 1 bathroom
  • Brick construction; built in 1913
  • Separate gas and electric meters for each unit

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

826
Businesses Nearby

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 Triplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Separate gas and electric meters serve each residence, along with a stove and refrigerator.
Where is this triplex located?
The property is located at 3046 W Polk Street Chicago, IL.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Three residences, each with 3 bedrooms and 1 bathroom; Brick construction; built in 1913; Separate gas and electric meters for each unit
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