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Triplex with Private Outdoor Decks

508 W 81st Street, Chicago, IL 60620

For Sale
$695,000

Three residences offer three bedrooms, two full bathrooms, and in-unit laundry apiece.

Property SizeContact for details
Days on Market221

Property Features for 508 W 81st Street

General Information

Standard status Active
Total Parking Spaces 3
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Auburn Gresham

Units

Unit Mix 3 x 3BR/2BA
Multifamily Units 3

Amenities

private outdoor deck space
in-unit washer and dryer
video intercom system
recessed lighting
ceiling fans
stainless steel appliances
induction stove with built-in air fryer
soft-close cabinetry
premium quartz countertops
central air
high-efficiency HVAC
energy-efficient water heaters
double-pane windows
foam insulation
low-flow plumbing fixtures
premium wood grain luxury vinyl flooring

Building Details

Year Built 2026
Buildings 1
Listing Agency: Village Realty, Inc.
Listed By: Lydel Blade
Source: Purveyproperties
Added: Apr 1 Changed: Nov 6 Last Checked: Nov 7 at 9:33AM

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 Village Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

Built in 2026, this three-unit residential property provides three-bedroom, two-bathroom homes with open layouts and private outdoor decks. Interior features include quartz kitchen counters, soft-close cabinets, stainless steel appliances, induction ranges with built-in air fryers, luxury vinyl flooring, and in-unit washers and dryers. Video intercoms, recessed lighting, and ceiling fans are also included.

The building has high-efficiency HVAC systems, central air, energy-efficient water heaters, double-pane windows, foam insulation in exterior walls and ceilings, and low-flow plumbing fixtures. Three assigned parking spaces serve the property. It is one of four three-unit residential buildings, and ownership is limited to owner-occupant buyers who participate in landlord and real estate ownership training classes.

Key Highlights

  • Three residential units, each with 3 bedrooms and 2 full bathrooms
  • 2026 construction with private outdoor decks for each unit
  • Three assigned parking spaces

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

734
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Triplexes 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?
Triplex - Three residences offer three bedrooms, two full bathrooms, and in-unit laundry apiece.
Where is this triplex located?
The property is located at 508 W 81st Street Chicago, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three residential units, each with 3 bedrooms and 2 full bathrooms; 2026 construction with private outdoor decks for each unit; Three assigned parking spaces
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