Newer Three-Unit Income
3762 S Indiana Avenue Chicago Chicago, IL 60653
3762 S Indiana Avenue Chicago, Chicago, IL, 60653
$1,248,888
For Sale
$1,248,888
Three-unit building built in 2022, fully leased, with private rear outdoor space for each unit and on-site parking.
Property Size5,400 SF
Price / SF$231.28
Days on Market16
Property Features for 3762 S Indiana Avenue Chicago
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Property subtype
- Two to Four Units
Building Details
- Year Built
- 2022
Listing agency
(847) 558-6808
Listed by
Claudia Guerrero
(847) 558-6808
Source
Remaxadream
Added: Jul 8 Updated: Jul 22 at 9:41PM Checked: Jul 22 at 9:41PM
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 Claudia Guerrero
Investment Insights
Based on property information with market context.
Built in 2022, this newer three-unit residential income property offers three expansive units, each with 3 bedrooms and 3 full bathrooms. Interior layouts include an open-plan living/dining arrangement and a full-size front loader washer and dryer in each unit, along with small private rear decks for outdoor space.
The building also provides practical parking with a 3-car garage and 1 parking space per unit. The property is fully leased with stable tenants in place and is currently generating cash flow.
Each unit is configured with 3 full baths, including two ensuites per unit, and includes features such as walk-in closet space and a master suite with a spa-style bath. The property also lists Oknoplast windows and maintenance-free decking.
The building also provides practical parking with a 3-car garage and 1 parking space per unit. The property is fully leased with stable tenants in place and is currently generating cash flow.
Each unit is configured with 3 full baths, including two ensuites per unit, and includes features such as walk-in closet space and a master suite with a spa-style bath. The property also lists Oknoplast windows and maintenance-free decking.
Key Highlights
- Three‑unit building built in 2022 with 3 total bedrooms and 9 total bedrooms, and 9 total baths across the building.
- Fully leased with stable tenants in place.
- Each unit has 3 bedrooms and 3 full bathrooms, including double‑sink and European shower bathroom features.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.1k | $25.20 |
| − Vacancy | −$7.5k | −$1.39 |
| EGI | $128.6k | $23.81 |
| − OpEx | −$38.6k | −$7.14 |
| NOI | $90.0k | $16.67 |
5,400 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.50M
NOI $90,017 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,777 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,226 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit building built in 2022, fully leased, with private rear outdoor space for each unit and on-site parking.
Where is this triplex located?
The property is located at 3762 S Indiana Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $1,248,888.
What are key features of this property?
This property features: Three‑unit building built in 2022 with 3 total bedrooms and 9 total bedrooms, and 9 total baths across the building.; Fully leased with stable tenants in place.; Each unit has 3 bedrooms and 3 full bathrooms, including double‑sink and European shower bathroom features.
