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Renovated Quadplex with Parking
New
For Sale
$1,050,000

3245 W Division Street, Chicago, IL 60651

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.09 Acres
Days on Market3

Property Features for 3245 W Division Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3
Parking 3
Parking features Off Alley, Owned
Exterior features Balcony
Basement Full, Unfinished, Partially Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions Division street, one block west of Kedzie and Humboldt Park
Subdivision CHI - Humboldt Park
Standard status Active
APN 16024110020000
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10136

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Amenities

private balconies
enclosed porches
central AC
gas forced-air heat

Building Details

Year built 1915
Building materials Brick
Roof type Flat
Listing Agency: Ask Nagel
Listed By: Greg Nagel
Added: Aug 18 Changed: Aug 19 Last Checked: Aug 20 at 11:06AM
MLS# 12735942

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit, all-brick residential income property was built in 1915 and occupies a 0.09-acre lot measuring 30 x 130 feet. Each conforming unit has received renovations within the last 2–7 years, including updated kitchens and bathrooms, drywall, copper plumbing, and conduit electrical. The building is equipped with gas forced-air heat and central AC, while utilities are separately metered. Two front apartments include private balconies, and the rear apartments offer enclosed porch areas. A garden-level unit provides additional space within the building.

The property includes a three-car parking pad accessed from the alley, with owned parking. Public water and public sewer serve the property. Located near Humboldt Park in Chicago, the building is zoned MULTI and is fully leased.

Key Highlights

  • Four conforming units, all fully leased
  • All‑brick building constructed in 1915 on a 0.09‑acre, 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
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully leased four-unit property with updated interiors, separate utilities, and central air conditioning.
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, all fully leased; All‑brick building constructed in 1915 on a 0.09‑acre, 30 x 130 lot; Unit renovations completed within the last 2–7 years
More about this property
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