Updated 3-Unit
New
For Sale
$575,000
331 S Richmond Street, Chicago, IL 60612
Two residences have recent renovations, while the remaining unit is tenant-occupied.
Property SizeContact for details
Days on Market5
Property Features for 331 S Richmond Street
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
East Garfield Park
Public Transit
Yes
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,712
Amenities
enclosed metal fence
Building Details
Year Built
1898
Listing Agency:
Realty of America
Listed By:
Manuel Gonzalez
(708) 788-1900
Source:
Harkinsandassociates
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 30 at 3:03PM
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 Realty of America
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Investment Insights
Based on property information with market context.
Built in 1898, this three-unit residential property has received work to its plumbing and electrical systems, along with refreshed flooring, tile and paint. Two units have been renovated; the third is occupied by a tenant. The building also has newer boilers and a newer furnace, plus an enclosed metal fence.
Located in Chicago’s East Garfield Park neighborhood, the property has access to major expressways, public transportation and downtown Chicago. Participation in the Housing Choice Voucher program may be possible for each unit, subject to program requirements and approval. Conversion to three condominium units would require municipal approval and compliance with applicable legal requirements.
Located in Chicago’s East Garfield Park neighborhood, the property has access to major expressways, public transportation and downtown Chicago. Participation in the Housing Choice Voucher program may be possible for each unit, subject to program requirements and approval. Conversion to three condominium units would require municipal approval and compliance with applicable legal requirements.
Key Highlights
- Three residential units in a building constructed in 1898
- Two units recently renovated; the third is tenant‑occupied
- Plumbing and electrical updates, newer boilers and a newer furnace
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
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Business Placement
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Triplex - Two residences have recent renovations, while the remaining unit is tenant-occupied.
Where is this triplex located?
The property is located at 331 S Richmond Street Chicago, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three residential units in a building constructed in 1898; Two units recently renovated; the third is tenant‑occupied; Plumbing and electrical updates, newer boilers and a newer furnace
