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Brick Triplex With Garage
New
For Sale
$935,000

6449 N Lakewood Ave, Chicago, IL 60626

Fully leased residential income property with renovated lower-level living space and convenient access to Loyola University and the Red Line.

Property SizeContact for details
Days on Market5

Property Features for 6449 N Lakewood Ave

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units 3

Additional Details

Public Transit Yes

Building Details

Year Built 1920
Buildings 1
Construction brick
Listing Agency: Keller Williams Preferred Rlty
Listed By: Jamie Decker · License #475182031
Source: Dealwithdecker
Added: Sep 18 Changed: Sep 21 Last Checked: Sep 21 at 7:06AM

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 Keller Williams Preferred Rlty

Investment Insights

Based on property information with market context.

Built in 1920, this brick triplex contains two 3-bedroom, 1.5-bath apartments and a renovated 2-bedroom, 1-bath garden unit. The upper residences feature hardwood floors, updated kitchens and bathrooms, front and rear sunrooms, and substantial natural light. The lower-level unit includes a modern kitchen with stainless-steel appliances, refreshed flooring, recessed lighting, and an updated bathroom. The property is fully leased, with current lease terms extending through May and June 2027.

A two-car garage, flood-control system, new boiler, and new water heater are included, along with additional capital improvements. The building is located near Loyola University, the Red Line, the lakefront, restaurants, shopping, and neighborhood services. The garden unit is non-conforming, and no representation is made regarding its legality.

Key Highlights

  • Two 3‑bedroom, 1.5‑bath apartments plus a 2‑bedroom, 1‑bath garden unit
  • Leases extend through May and June 2027
  • Renovated garden unit with stainless‑steel appliances and recessed lighting

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Auto Parts Store HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Home Appliance Store

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

Location Intelligence

Trade Area within ½ mile

2,628
Businesses Nearby

Demographics for 60626, IL

50,548
Population
26,812
Households
1.9
Avg Household Size
36
Median Age
53%
College-Educated
91%
High-School Grad
1.7 sq mi
ZIP Area
29,734
Density / Sq Mi
$57,452
Median Household Income
$39,527
Median Earnings
$1,265
Median Rent
$269,000
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 - Fully leased residential income property with renovated lower-level living space and convenient access to Loyola University and the Red Line.
Where is this triplex located?
The property is located at 6449 N Lakewood Ave Chicago, IL.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1.5‑bath apartments plus a 2‑bedroom, 1‑bath garden unit; Leases extend through May and June 2027; Renovated garden unit with stainless‑steel appliances and recessed lighting
More about this property
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