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Brick Triplex with Mixed Unit Sizes
For Sale
$335,000

4265 W Montrose Avenue, Chicago, IL 60641

Tenant-occupied multifamily property with flexible month-to-month lease arrangements and separate utility metering.

Property SizeContact for details
Days on Market48

Property Features for 4265 W Montrose Avenue

General Information

Standard status Active
Property subtype Multi-Family
Zoning RT-3.5
Occupancy 100%

Units

Unit Mix 1 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units 3

Amenities

common-area laundry
Natural Gas
Rubber

Building Details

Year Built 1915
Construction masonry brick
Tenancy Multi
Listing Agency: Triton Realty Group LLC
Listed By: Lukasz Wojcik · License #475139979
Source: Kw
Added: Jul 17 Changed: Sep 2 Last Checked: Sep 1 at 2:33PM

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 Triton Realty Group LLC

Investment Insights

Based on property information with market context.

This brick triplex contains three residential apartments arranged as one one-bedroom unit, one two-bedroom unit, and one three-bedroom unit. The property provides six bedrooms and three bathrooms overall. Each apartment has its own gas forced-air furnace, while separate electric and gas meters support unit-level utility allocation. The building also includes a laundry area owned by the property and rebuilt wood porches.

All three units are occupied under month-to-month leases. The property is zoned RT-3.5 and is being sold as-is. Located at 4265 W Montrose Avenue in Chicago’s Irving Park area, the 1915 building offers a defined three-unit residential configuration with masonry construction and natural gas service.

Key Highlights

  • Three‑unit building with one 1‑bedroom, one 2‑bedroom, and one 3‑bedroom apartment
  • Six bedrooms and three bathrooms across the property
  • Individually controlled gas forced‑air furnaces in each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Hotel & Motel Bed & Breakfast Nursing Home Tanning Salon

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

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,320
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

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?
Triplex - Tenant-occupied multifamily property with flexible month-to-month lease arrangements and separate utility metering.
Where is this triplex located?
The property is located at 4265 W Montrose Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Three‑unit building with one 1‑bedroom, one 2‑bedroom, and one 3‑bedroom apartment; Six bedrooms and three bathrooms across the property; Individually controlled gas forced‑air furnaces in each unit
More about this property
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