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4-Unit Brick Quadplex
New
For Sale
$530,000

3501 W Walnut Street, Chicago, IL 60624

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.05 Acres
Days on Market2

Property Features for 3501 W Walnut Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Basement, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3
Basement Unfinished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions 1 block North of Lake, 1 block West of Homan
Subdivision CHI - East Garfield Park
Standard status Active
APN 16114090200000
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2025

Utilities

Sewer type Public Sewer
Heating system Baseboard, Forced Air
Water source Public

Amenities

in-unit laundry

Building Details

Year built 1891
Building materials Brick
Listing Agency: Redfin Corporation
Listed By: Miguel Lopez · License #475176198
Added: Oct 12 Last Checked: Oct 13 at 12:06AM
MLS# 12771313

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 brick residential property contains four apartments, each configured with two bedrooms and one bathroom. Individual HVAC equipment serves each unit, and every apartment has in-unit laundry. Gas and electric service are separately metered by apartment. A full basement provides additional storage space, and the building occupies a corner lot of 0.05 acres. Built in 1891, the property is zoned MULTI.

Kedzie Green Line station and the Kedzie Metra stop are within walking distance. I-290 is accessible nearby, and street parking is available. Public water and public sewer serve the property.

Key Highlights

  • Four apartments, each with 2 bedrooms and 1 bathroom
  • Individual HVAC equipment and in‑unit laundry in every apartment
  • Separate gas and electric meters for all units

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Locksmith HVAC Service 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
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

978
Businesses Nearby

Demographics for 60624, IL

37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - Each apartment has two bedrooms, one bathroom, in-unit laundry, and its own HVAC equipment.
Where is this quadplex located?
The property is located at 3501 W Walnut Street Chicago, IL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Individual HVAC equipment and in‑unit laundry in every apartment; Separate gas and electric meters for all units
More about this property
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