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Three-Unit Brick Apartment Building

5116 N Avers Avenue, Chicago, IL 60625

For Sale
$699,000

Two upper residences include separate dining rooms and dens, complemented by a renovated garden apartment.

Property SizeContact for details
Days on Market12

Property Features for 5116 N Avers Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Albany Park
Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 2BR/2BA, 1 x 2BR/1BA garden apartment
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,255

Amenities

enclosed back porches
private backyard

Building Details

Year Built 1923
Buildings 1
Construction brick
Listing Agency: Compass
Listed By: Dan Nelson · License #475189264
Source: Dawnmckennagroup
Added: Oct 26 Changed: Nov 5 Last Checked: Nov 6 at 2:42PM

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 Compass

Rey
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Investment Insights

Based on property information with market context.

This brick multifamily property, built in 1923, contains two upper two-bedroom, two-bathroom apartments and a renovated garden apartment with two bedrooms and one bathroom. Each upper unit has a living room, formal dining room, and separate den or office. Enclosed rear porches, a private backyard, and a detached two-car garage are also part of the property. The garden apartment is described as non-conforming; its legality is not represented.

Key Highlights

  • Three residential units: two upper apartments and one garden apartment
  • Each upper apartment has 2 bedrooms and 2 bathrooms
  • Garden apartment has 2 bedrooms and 1 bathroom and has been renovated

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,375
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
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 - Two upper residences include separate dining rooms and dens, complemented by a renovated garden apartment.
Where is this triplex located?
The property is located at 5116 N Avers Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three residential units: two upper apartments and one garden apartment; Each upper apartment has 2 bedrooms and 2 bathrooms; Garden apartment has 2 bedrooms and 1 bathroom and has been renovated
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