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4-Unit Greystone with Detached Garage

3980 S Lake Park Avenue, Chicago, IL 60653

For Sale
New
$550,000

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market3

Property Features for 3980 S Lake Park Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bedroom 1, Basement, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 3
Parking 3
Parking features Garage
Basement Full, Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions DuSable Lake Shore Dr to Oakwood - W to Lake Park - S to Address
Subdivision CHI - Oakland
Standard status Active
APN 20021030340000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 13547

Utilities

Sewer type Public Sewer
Heating system Other (Heating)
Water source Public

Amenities

original vintage woodwork
impressive staircase
4 fireplaces
generous room sizes
full walkout basement
fenced yard

Building Details

Year built 1881
Building materials Stone
Architectural style Other
Listing Agency: Chicago Realty Partners, Ltd
Listed By: Arthur Cirignani · License IL #471005369
Added: Nov 11 Changed: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 12806791

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 1881, this stone four-unit property is currently used as multifamily housing. Interior details include original woodwork, a prominent staircase and four fireplaces. A full walkout basement adds substantial secondary space, while the fenced yard and detached three-car garage provide additional site features.

The property is in the Oakland Historic Landmark District. Shopping, public transportation, beaches and trails along the lakefront are nearby, with access to DuSable Lake Shore Drive.

Key Highlights

  • Four‑unit stone multifamily property built in 1881
  • Four fireplaces and original woodwork
  • Full walkout basement

Property Analytics

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Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

711
Businesses Nearby

Demographics for 60653, IL

33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value
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Market

Properties on Market for Quadplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Vintage woodwork, multiple fireplaces and a walkout basement distinguish this multifamily property’s interior and supporting spaces.
Where is this quadplex located?
The property is located at 3980 S Lake Park Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit stone multifamily property built in 1881; Four fireplaces and original woodwork; Full walkout basement
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