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Three-Unit Updated Triplex
New
For Sale
$1,195,000

5338 W Montrose Avenue, Chicago, IL 60641

Each residence offers three bedrooms, two bathrooms, and a modernized kitchen with quartz counters and stainless steel appliances.

Property SizeContact for details
Days on Market4

Property Features for 5338 W Montrose Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Units

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

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $13,295

Amenities

free laundry in the basement
shared patio

Building Details

Year Built 1913
Listing Agency: Aria Real Estate
Listed By: Roman Serra · License #471022459
Source: Harkinsandassociates
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 4 at 1:57PM

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 Aria Real Estate

Investment Insights

Based on property information with market context.

This three-unit residential property contains three apartments, each configured with three bedrooms and two bathrooms. Updated kitchens feature quartz countertops, full-height backsplashes, and stainless steel appliances, including dishwashers and microwaves. Improvements include new windows, water heaters, a boiler, recessed lighting, and updated fixtures. Basement laundry, a shared patio, and a two-car garage serve the building.

Built in 1913, the property is on W Montrose Avenue in Chicago. Its apartment layouts and shared building amenities provide a clear three-residence configuration.

Key Highlights

  • Three apartments, each with 3 bedrooms and 2 bathrooms
  • Quartz kitchen counters, full‑height backsplashes, and stainless steel appliances
  • Building updates include windows, water heaters, boiler, recessed lighting, and fixtures

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Hotel & Motel Cosmetic Store Nursing Home

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

Location Intelligence

Trade Area within ½ mile

1,987
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Each residence offers three bedrooms, two bathrooms, and a modernized kitchen with quartz counters and stainless steel appliances.
Where is this triplex located?
The property is located at 5338 W Montrose Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 2 bathrooms; Quartz kitchen counters, full‑height backsplashes, and stainless steel appliances; Building updates include windows, water heaters, boiler, recessed lighting, and fixtures
More about this property
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