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Construction-Ready Chicago 2-Flat
For Sale
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3621 W 5th Avenue, Chicago, IL 60624

As-is duplex redevelopment project with major exterior and structural work completed, ready for framing with approved blueprints.

Property SizeContact for details
Days on Market122

Property Features for 3621 W 5th Avenue

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Renovated 2025
Listing Agency: @properties Christie's International Real Estate
Listed By: Peter Bellert · License #475123140
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 5:46PM

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 @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This classic Chicago 2-flat has been fully gutted as of April 2025 and is being sold as-is, with major structural and exterior work already completed. The property is construction-ready, including a brand-new rubber roof with 2-inch insulation (2025), new brickwork both interior and exterior (2025), a new porch, all new windows, and new subfloor throughout. With the building currently ready for framing, a new owner can move directly into the next phase of construction.

The property is located at 3621 W 5th Avenue in Chicago, IL 60624.

The sale includes blueprints proposing a 9-bedroom, 4-bathroom layout for the completed redevelopment.

Key Highlights

  • Chicago 2‑flat fully gutted in April 2025 and construction‑ready, sold as‑is
  • Brand‑new rubber roof with 2‑inch insulation installed in 2025
  • All new brickwork completed in 2025 (interior and exterior)

Property Analytics

Current Use

Imagery Devoted Photography Service

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Parts Store

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

1,048
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - As-is duplex redevelopment project with major exterior and structural work completed, ready for framing with approved blueprints.
Where is this duplex located?
The property is located at 3621 W 5th Avenue Chicago, IL.
What are key features of this property?
This property features: Chicago 2‑flat fully gutted in April 2025 and construction‑ready, sold as‑is; Brand‑new rubber roof with 2‑inch insulation installed in 2025; All new brickwork completed in 2025 (interior and exterior)
More about this property
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