Three-Unit Brick
3130 W Wilson Avenue Chicago Chicago, IL 60625
3130 W Wilson Avenue Chicago, Chicago, IL, 60625
$810,000
Pending
For Sale
$810,000
Pending
Solid brick three-unit building with detached two-car garage and tenant-occupied residences.
Property Size3,650 SF
Days on Market14
Property Features for 3130 W Wilson Avenue Chicago
General Information
- Standard status
- Pending
- Size
- 3,650 SF
- Property subtype
- Two to Four Units
Building Details
- Year Built
- 1918
Listing agency
(847) 558-6808
Listed by
Brenda Valdez
(847) 558-6808
Source
Remaxadream
Added: Jul 10 Updated: Jul 22 at 9:13AM Checked: Jul 22 at 9:13AM
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 Brenda Valdez
Investment Insights
Based on property information with market context.
This legal three-unit solid brick triplex in Ravenswood offers multiple tenant-occupied homes and a detached two-car brick garage. The first- and second-floor units each feature approximately 1,425 square feet with three large bedrooms, updated kitchens with stainless steel appliances, granite countertops, and ample cabinetry, plus distinctive interior details such as a massive living room with front sunroom and stained-glass windows, and a formal dining room with beamed ceilings. The top floor includes central HVAC and is leased through 5/31/27. The garden unit provides additional living space with about two bedrooms and one bathroom and is leased through 5/31/27.
The property also includes enclosed back-of-house sunroom/office bonus space, a spacious private patio with brick pavers leading to a backyard, and a basement with additional storage and coin-operated laundry equipment (not owned). There is one hot water heater for the building and boiler systems for unit G and unit 1. Tenants share certain utilities as described in the leases, including gas and electric responsibilities, and garage space is included where noted.
Exterior and interior layouts support straightforward multi-unit operations, with each unit currently under lease terms and providing an active rental profile across the three residences.
The property also includes enclosed back-of-house sunroom/office bonus space, a spacious private patio with brick pavers leading to a backyard, and a basement with additional storage and coin-operated laundry equipment (not owned). There is one hot water heater for the building and boiler systems for unit G and unit 1. Tenants share certain utilities as described in the leases, including gas and electric responsibilities, and garage space is included where noted.
Exterior and interior layouts support straightforward multi-unit operations, with each unit currently under lease terms and providing an active rental profile across the three residences.
Key Highlights
- Legal 3‑unit solid brick building (8 bedrooms, 3 full baths) with partially finished basement and exterior entry
- Detached 2‑car brick garage plus total of 2 parking spaces; garage door opener and owned, detached garage
- Top‑floor unit has central HVAC and is leased through 5/31/27 for $2,225 (includes garage space; tenants pay gas)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.0k | $25.20 |
| − Vacancy | −$5.1k | −$1.39 |
| EGI | $86.9k | $23.81 |
| − OpEx | −$26.1k | −$7.14 |
| NOI | $60.8k | $16.67 |
3,650 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$869.2K
$760.6K – $1.01M
NOI $60,845 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$799.3K
$699.4K – $932.5K
NOI $55,951 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,468 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Solid brick three-unit building with detached two-car garage and tenant-occupied residences.
Where is this triplex located?
The property is located at 3130 W Wilson Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Legal 3‑unit solid brick building (8 bedrooms, 3 full baths) with partially finished basement and exterior entry; Detached 2‑car brick garage plus total of 2 parking spaces; garage door opener and owned, detached garage; Top‑floor unit has central HVAC and is leased through 5/31/27 for $2,225 (includes garage space; tenants pay gas)
