Triplex With Spacious
For Sale
Contact for pricing
3047 N Clifton Ave, Chicago, IL 60657
Historic multifamily property with varied unit sizes and access to CTA rail, retail corridors, healthcare, and Wrigley Field.
Property Size3,200 SF
Price / SF$310.94
Days on Market64
Property Features for 3047 N Clifton Ave
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$23,037
Additional Details
Public Transit
Yes
Multifamily Units
3
Building Details
Year Built
1868
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Northmarq Capital, LLC
Listed By:
Ronnie Givargis · License #CA 01363135
(949) 451-1217
Source:
Crexi
Added: Aug 3
Changed: Sep 22
Last Checked: Oct 4 at 8:35AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This 1868-built triplex contains three residential units totaling 3,200 SF, with an average unit size of 1,067 SF. The layout includes a 1,600 SF two-bedroom, two-bathroom residence alongside two additional spacious units, creating a varied multifamily configuration within a single property.
The property is located at 3047 N Clifton Ave in Chicago’s Lakeview neighborhood. Belmont CTA Red, Brown, and Purple Line service, Wrigley Field, and the Halsted, Clark, and Southport retail corridors are within walking distance. Illinois Masonic Medical Center is also nearby, adding a healthcare-oriented employment presence to the surrounding rental environment.
The property is located at 3047 N Clifton Ave in Chicago’s Lakeview neighborhood. Belmont CTA Red, Brown, and Purple Line service, Wrigley Field, and the Halsted, Clark, and Southport retail corridors are within walking distance. Illinois Masonic Medical Center is also nearby, adding a healthcare-oriented employment presence to the surrounding rental environment.
Key Highlights
- Three‑unit multifamily property totaling 3,200 SF
- 1,600 SF two‑bedroom, two‑bathroom unit
- Average unit size of 1,067 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,343
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,860
$1.1M
Cap Rate 7%
$762,043
$762.0K
Cap Rate 9%
$592,700
$592.7K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$80.6K $25.20/SF
− Vacancy
−$4.4K −$1.39/SF
EGI
$76.2K $23.81/SF
− OpEx
−$22.9K −$7.14/SF
NOI
$53.3K $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%
$1,066,860
Cap Rate 7%
$762,043
Cap Rate 9%
$592,700
Alternative Uses
Best Use
Multifamily LT 5
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$700.8K
$613.2K – $817.6K
NOI $49,053 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,615 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,951
Businesses Nearby
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Historic multifamily property with varied unit sizes and access to CTA rail, retail corridors, healthcare, and Wrigley Field.
Where is this triplex located?
The property is located at 3047 N Clifton Ave Chicago, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three‑unit multifamily property totaling 3,200 SF; 1,600 SF two‑bedroom, two‑bathroom unit; Average unit size of 1,067 SF
