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Three-Unit Residential Income Property
For Sale
$375,000

3309 W 38th Place, Chicago, IL 60632

Spacious 3-unit property with a fenced yard and a 2-car garage, plus an attic space in the third unit.

Property SizeContact for details
Days on Market40

Property Features for 3309 W 38th Place

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $2,815

Building Details

Year Built 1893
Listing Agency: Better Homes & Gardens Real Estate
Listed By: Liz Moreno · License #475148679
Source: Allinonerealestateco
Added: Jul 15 Changed: Aug 23 Last Checked: Aug 2 at 6:05AM

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 Better Homes & Gardens Real Estate

Investment Insights

Based on property information with market context.

This is a spacious three-unit residential income property offering multiple living options within one building. The third unit features three bedrooms and an additional attic space. Outside, the property includes a fenced yard suitable for outdoor entertaining, along with a spacious two-car garage.

The home is located in the Brighton Park neighborhood and is described as being close to expressways, shopping, and entertainment.

As a three-unit setup, the property is well suited for investors and owner-occupants looking to have additional income potential within the same building, or for households seeking multi-generational living within the available layouts.

Key Highlights

  • Spacious 3‑unit property built in 1893
  • 3rd unit features 3 bedrooms plus additional attic space
  • Fenced‑in yard for outdoor entertaining

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Daycare Center (Bike/Boat/Book/etc) Store Accounting Firm

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

609
Businesses Nearby

Demographics for 60632, IL

92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Spacious 3-unit property with a fenced yard and a 2-car garage, plus an attic space in the third unit.
Where is this triplex located?
The property is located at 3309 W 38th Place Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Spacious 3‑unit property built in 1893; 3rd unit features 3 bedrooms plus additional attic space; Fenced‑in yard for outdoor entertaining
More about this property
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