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Brick 3-Unit Triplex
New
For Sale
$479,000

312 23rd Avenue, Bellwood, IL 60104

Brick multifamily property with separate utilities, hardwood floors, and dedicated parking.

Property SizeContact for details
Days on Market6

Property Features for 312 23rd Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Units

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

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $16,623

Building Details

Year Built 1955
Buildings 1
Construction Solid Brick
Listing Agency: Compass
Listed By: Adam Max · License #471022028
Source: Dawnmckennagroup
Added: Aug 4 Changed: Aug 9 Last Checked: Aug 9 at 11:37AM

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

Investment Insights

Based on property information with market context.

Built in 1955, this solid-brick triplex contains a garden-level residence plus first- and second-floor apartments. The garden unit is configured as a one-bedroom condo, while the two upper residences each offer two bedrooms, spacious living areas, and updated kitchens. Hardwood flooring, separate utilities, and generously sized eat-in kitchens are provided throughout the building.

A dedicated parking space accompanies the property. The Bellwood location offers access to highways, shopping, and the broader west suburban area, supporting both owner-occupancy and income-producing use across the three-unit configuration.

Key Highlights

  • Three‑unit brick building with garden, first‑floor, and second‑floor residences
  • Garden‑level unit configured as a 1‑bedroom condo
  • Two upper units each include 2 bedrooms and spacious living rooms

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Skin Care Clinic Garden Center

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,094
Businesses Nearby

Demographics for 60104, IL

18,829
Population
6,492
Households
2.9
Avg Household Size
40
Median Age
16%
College-Educated
86%
High-School Grad
2.3 sq mi
ZIP Area
8,187
Density / Sq Mi
$77,270
Median Household Income
$39,346
Median Earnings
$1,221
Median Rent
$219,300
Median Home Value

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 with separate utilities, hardwood floors, and dedicated parking.
Where is this triplex located?
The property is located at 312 23rd Avenue Bellwood, IL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Three‑unit brick building with garden, first‑floor, and second‑floor residences; Garden‑level unit configured as a 1‑bedroom condo; Two upper units each include 2 bedrooms and spacious living rooms
More about this property
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