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Updated Quadplex with Brick Garage
For Sale
$859,000

432 E 45th Place, Chicago, IL 60653

Four-unit building with separate heating and a two-car garage.

Property SizeContact for details
Days on Market13

Property Features for 432 E 45th Place

General Information

Standard status Active
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Units

Unit Mix 1 x 3BR, 2 x 4BR, 1 x 2BR
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $5,014

Building Details

Year Built 1885
Buildings 1
Construction greystone
Listing Agency: Intellectual Real Estate Services and Investments
Listed By: Tytus Cousins · License #471019056
Source: Harkinsandassociates
Added: Jul 31 Changed: Aug 8 Last Checked: Aug 11 at 12:36PM

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 Intellectual Real Estate Services and Investments

Investment Insights

Based on property information with market context.

Built in 1885, this traditional greystone quadplex offers four residential units with distinct layouts. The first-floor apartment has three bedrooms, while the second- and third-floor units each feature four-bedroom plans. Updates have been completed in the first- and third-floor units within the last five years, including a recent rehabilitation of the third-floor apartment. The garden unit remains unfinished but includes space for a two-bedroom apartment, with bathroom plumbing already installed. Each unit has separate heating, and the property includes a two-car brick garage.

The property is located in Chicago’s Grand Boulevard area at 432 E 45th Place, with transportation and neighborhood amenities nearby.

Key Highlights

  • Four‑unit greystone building constructed in 1885
  • First‑floor unit with three bedrooms
  • Second- and third‑floor units each have four‑bedroom layouts

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Auto Parts Store Carpet & Flooring Store Building Supply Law Firm

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,515
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

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?
Quadplex - Four-unit building with separate heating and a two-car garage.
Where is this quadplex located?
The property is located at 432 E 45th Place Chicago, IL.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Four‑unit greystone building constructed in 1885; First‑floor unit with three bedrooms; Second- and third‑floor units each have four‑bedroom layouts
More about this property
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