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All-Brick 3-Flat with Garage
For Sale
$579,900
Pending

3241 South Parnell Avenue, Chicago, IL 60616

Well-maintained all-brick 3-flat offering unit mix of 3-, 2-, and 1-bedroom apartments plus a 2½-car garage.

Property SizeContact for details
Days on Market101

Property Features for 3241 South Parnell Avenue

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Two to Four Units / 3 Flat

Taxes and HOA fees

Annual Taxes $8,446

Building Details

Year Built 1888
Listing Agency: Coldwell Banker Stratford Place
Listed By: Nick Pontarelli · License #475172672
Source: Compass
Added: Jun 1 Changed: Aug 8 Last Checked: Jul 24 at 1:56PM

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 Coldwell Banker Stratford Place

Investment Insights

Based on property information with market context.

This well-maintained all-brick 3-flat features three separate units with a versatile layout: one 3-bedroom apartment, one 2-bedroom apartment, and one 1-bedroom apartment. The property also includes a 2½-car garage and a large attic space that may be annexed to the top-floor unit to create additional living space.

The home is located at 3241 South Parnell Avenue in Chicago, IL 60616, with convenient access to shopping, restaurants, entertainment, parks, public transportation, and major expressways.

Overall, the building is presented as a solid income property with an owner-occupant and investor-friendly configuration across the three units, along with practical on-site parking and expansion potential in the attic.

Key Highlights

  • Well‑maintained all‑brick 3‑flat built in 1888
  • Unit mix includes one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom apartment
  • Includes a 2½‑car garage

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Electrical Service Skin Care Clinic Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,407
Businesses Nearby

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
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 - Well-maintained all-brick 3-flat offering unit mix of 3-, 2-, and 1-bedroom apartments plus a 2½-car garage.
Where is this triplex located?
The property is located at 3241 South Parnell Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Well‑maintained all‑brick 3‑flat built in 1888; Unit mix includes one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom apartment; Includes a 2½‑car garage
More about this property
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