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4-Unit Brick Quadplex
For Sale
$1,050,000

3245 W Division Street, Chicago, IL 60651

Fully leased four-unit property with renovated interiors, separated utilities, central AC, and on-site parking.

Property SizeContact for details
Lot Size0.09 Acres
Days on Market14

Property Features for 3245 W Division Street

General Information

Standard status Active
Total Parking Spaces 3
Lot size 0.09 Acres
Property subtype Residential Income
Zoning MULTI
Occupancy 100%

Additional Details

Gross Income $107,000
Utilities to Site Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $10,136

Amenities

private balconies
enclosed porches

Building Details

Year Built 1915
Buildings 1
Construction brick
Tenancy Multi
Listing Agency: Ask Nagel
Listed By: Greg Nagel
Source: Ozmentrealestate
Added: Aug 18 Changed: Aug 29 Last Checked: Aug 30 at 5:45PM

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 Ask Nagel

Investment Insights

Based on property information with market context.

Located at 3245 W Division Street, this all-brick quadplex contains four conforming units on a 30 x 130 lot. Each residence has been renovated within the last 2–7 years with updated kitchens and bathrooms, drywall, copper plumbing, and conduit electrical. The building is fully leased and includes gas forced-air heat, central AC, and separated utilities.

Two front apartments include private balconies, while the two rear units have enclosed porches that provide additional storage or flexible living space. A garden unit is also part of the property. The site includes a three-car parking pad, with one space currently unrented. Humboldt Park is located just steps from the property, and the building is zoned MULTI.

Key Highlights

  • Four conforming units; fully leased
  • All‑brick building on a 30 x 130 lot
  • Unit renovations completed within the last 2‑7 years

Property Analytics

Current Use

Morgan D&D Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Locksmith HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service

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

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,718
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
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?
Quadplex - Fully leased four-unit property with renovated interiors, separated utilities, central AC, and on-site parking.
Where is this quadplex located?
The property is located at 3245 W Division Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four conforming units; fully leased; All‑brick building on a 30 x 130 lot; Unit renovations completed within the last 2‑7 years
More about this property
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