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Updated Three-Unit Multifamily Property
For Sale
$574,999

3311 N Kostner Avenue, Chicago, IL 60641

Updated kitchens, separated utilities, and flexible occupancy create a practical multifamily configuration.

Property SizeContact for details
Days on Market32

Property Features for 3311 N Kostner Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $8,216

Building Details

Year Built 1916
Buildings 1
Tenancy Multi
Listing Agency: Real Broker LLC
Listed By: David Mishel · License #475159283
Source: Cnetproperties
Added: Jul 21 Changed: Aug 11 Last Checked: Aug 20 at 11:39AM

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 Real Broker LLC

Investment Insights

Based on property information with market context.

Built in 1916, this multifamily property offers three residential units arranged across the first floor, second floor, and attic. The first- and second-floor apartments each feature two bedrooms and one bathroom, while the attic apartment includes one bedroom and one bathroom. Interior improvements include hardwood and laminate flooring, stainless steel appliances, and refreshed kitchens. The basement provides one large storage area plus two separately lockable storage units.

Utilities are individually metered for all three apartments, with electric and gas separated by unit. The first and second floors have furnaces and HVAC systems without air conditioning, while the attic unit has both a furnace and AC. Two units are occupied by long-term tenants, and the first floor is vacant. The property includes a fully enclosed privacy-fenced yard, street parking, and no garage. It is located near Kilbourne Park, shopping, restaurants, public transportation, and highway access in Chicago’s Old Irving Park area.

Key Highlights

  • Three‑unit layout with two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath attic unit
  • Built in 1916 with updated kitchens, hardwood and laminate flooring, and stainless steel appliances
  • Electric and gas utilities are separately metered for all 3 units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Catering Service Skin Care Clinic Bed & Breakfast

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,676
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
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 - Updated kitchens, separated utilities, and flexible occupancy create a practical multifamily configuration.
Where is this triplex located?
The property is located at 3311 N Kostner Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $574,999.
What are key features of this property?
This property features: Three‑unit layout with two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath attic unit; Built in 1916 with updated kitchens, hardwood and laminate flooring, and stainless steel appliances; Electric and gas utilities are separately metered for all 3 units
More about this property
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