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Rehabilitated Brick Triplex
For Sale
Contact for pricing
Pending

4834 N Springfield Ave, Chicago, IL 60625

Three four-bedroom units feature updated kitchens, baths, HVAC, electrical systems, plumbing, and dedicated garage space.

Property SizeContact for details
Days on Market147

Property Features for 4834 N Springfield Ave

General Information

Standard status Pending
Total Parking Spaces 3
Property subtype Multifamily
Occupancy 100%

Financials

Cap Rate 7%
Gross Income $63,000

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 4BR/1BA
Multifamily Units 3
Parking per Unit 1

Amenities

storage
coin-operated laundry
back yard
private landings
ceiling fans

Building Details

Year Renovated 2018
Buildings 1
Construction brick
Listing Agency: @properties East Lincoln Park
Listed By: Leigh Marcus · License #IL
Source: Crexi
Added: Apr 11 Changed: Sep 4 Last Checked: Sep 2 at 4:16PM

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 @properties East Lincoln Park

Investment Insights

Based on property information with market context.

This legal three-flat is a brick multifamily property with three matching units, each offering four bedrooms, one bathroom, approximately 1,500 square feet, and a layout that includes living, kitchen, bedroom, and office areas. Improvements completed in 2018 included HVAC, electrical, copper plumbing, roofing, porch construction, tuckpointing, selected lintel and window work, hardwood flooring, kitchens with stainless steel appliances, and updated bathrooms.

The building includes a basement with storage and coin-operated laundry, plus a separate water heater. A three-car brick garage provides one space per unit, while the rear yard and private landings add outdoor space. Tenants pay electric and gas. The property is fully leased and sits near the Kennedy Expressway, CTA bus routes, and Blue and Brown Line train service. Nearby shopping includes Cermak Fresh Market, Aldi, Target, and Walgreens.

Key Highlights

  • Legal 3‑flat with three 4 bed / 1 bath units
  • Each unit measures 1500 sq ft and includes a garage space
  • 2018 updates include HVAC, electrical, copper plumbing, roof, porch, kitchens, and bathrooms

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic Accounting Firm Daycare Center (Bike/Boat/Book/etc) Store Acupuncture

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

930
Businesses Nearby

Demographics for 60625, IL

76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
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?
Triplex - Three four-bedroom units feature updated kitchens, baths, HVAC, electrical systems, plumbing, and dedicated garage space.
Where is this triplex located?
The property is located at 4834 N Springfield Ave Chicago, IL.
What are key features of this property?
This property features: Legal 3‑flat with three 4 bed / 1 bath units; Each unit measures 1500 sq ft and includes a garage space; 2018 updates include HVAC, electrical, copper plumbing, roof, porch, kitchens, and bathrooms
More about this property
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