Multifamily Property with Three
For Sale
Contact for pricing
4155 S Prairie Ave, Chicago, IL 60653
Multifamily property featuring three units for sale.
Property Size4,500 SF
Price / SF$216.67
Days on Market220
Property Features for 4155 S Prairie Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multifamily
Net Operating Income
$65,485
Building Details
Year Built
2024
Units
3
Listing Agency:
KWILL RE LLC
Listed By:
John Coleman · License #471006619
Source:
Crexi
Added: Feb 27
Changed: Sep 20
Last Checked: Oct 4 at 9:37AM
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 KWILL RE LLC
Investment Insights
Based on property information with market context.
This multifamily property features three units. The property offers a total size of 4,500 square feet.
Key Highlights
- Multifamily property with 3 units.
- New construction built in 2024.
- Price per unit: $325,000.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,014
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,280
$1.5M
Cap Rate 7%
$1,071,629
$1.1M
Cap Rate 9%
$833,489
$833.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$113.4K $25.20/SF
− Vacancy
−$6.2K −$1.39/SF
EGI
$107.2K $23.81/SF
− OpEx
−$32.1K −$7.14/SF
NOI
$75.0K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,280
Cap Rate 7%
$1,071,629
Cap Rate 9%
$833,489
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$937.7K – $1.25M
NOI $75,014 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$985.4K
$862.3K – $1.15M
NOI $68,981 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,522 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
Business Placement
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
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
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property featuring three units for sale.
Where is this triplex located?
The property is located at 4155 S Prairie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Multifamily property with 3 units.; New construction built in 2024.; Price per unit: $325,000.
