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Legal 3-Unit Residential Income Property
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5148 S Wolcott Avenue, Chicago, IL 60609

Well-maintained legal three-unit building with detached two-car garage, featuring a mix of 2-bedroom and 1-bedroom units.

Property SizeContact for details
Days on Market68

Property Features for 5148 S Wolcott Avenue

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1907
Listing Agency: Fulton Grace Realty
Listed By: Tanya Samoylovich · License #475200477
Source: Crexi
Added: Jun 30 Changed: Sep 3 Last Checked: Sep 4 at 9:16AM

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 Fulton Grace Realty

Investment Insights

Based on property information with market context.

This solid legal 3-unit residential income property offers a versatile layout across three separate living spaces. The unit mix includes both 2-bedroom and 1-bedroom configurations, plus a finished basement unit and a partially framed attic, adding flexibility to the overall building setup. The property is described as well-maintained and includes a detached 2-car garage.

Located on a residential block in Chicago’s Back of the Yards neighborhood, the home is positioned just steps from 51st Street and Damen Avenue, providing convenient access to public transportation, local shops, and everyday amenities.

With multiple levels and a mix of unit types already in place, this building is designed to support rental-focused living arrangements within a straightforward three-unit framework.

Key Highlights

  • Legal 3‑unit building with a well‑maintained interior and separate living spaces in each unit
  • Unit mix includes 2‑bedroom and 1‑bedroom layouts
  • Includes a finished basement unit and a partially framed attic for additional usable space

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Gym & Fitness Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

730
Businesses Nearby

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
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 - Well-maintained legal three-unit building with detached two-car garage, featuring a mix of 2-bedroom and 1-bedroom units.
Where is this triplex located?
The property is located at 5148 S Wolcott Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Legal 3‑unit building with a well‑maintained interior and separate living spaces in each unit; Unit mix includes 2‑bedroom and 1‑bedroom layouts; Includes a finished basement unit and a partially framed attic for additional usable space
(847) 331-3979 Call to check price and availability
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