New Construction 3-Unit
6508 S Ingleside Avenue Chicago Chicago, IL 60637
6508 S Ingleside Avenue Chicago, Chicago, IL, 60637
$930,000
For Sale
$930,000
Newer construction three-unit property with dedicated parking and sprinkler systems, featuring a mix of rented units and a vacant unit.
Property Size4,200 SF
Price / SF$221.43
Days on Market14
Property Features for 6508 S Ingleside Avenue Chicago
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Two to Four Units
Building Details
- Year Built
- 2022
Listing agency
(847) 558-6808
Listed by
Luigui Corral
(847) 558-6808
Source
Remaxadream
Added: Jul 9 Updated: Jul 22 at 2:00AM Checked: Jul 22 at 2:22AM
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 Luigui Corral
Investment Insights
Based on property information with market context.
This newer construction 3-unit building offers modern, design-forward interiors and income flexibility. The property totals 9 bedrooms and 6 bathrooms across three units, with features including custom cabinetry, professional-grade appliances, quartz countertops, engineered hardwood flooring, and spa-inspired bathrooms with oversized frameless glass showers. Additional in-unit improvements include closet systems, dedicated parking, and sprinkler systems. Two units are currently rented, and Unit #3 is vacant.
The offering is for 6508 S Ingleside Avenue in Chicago. The remarks note proximity to major local destinations including the University of Chicago, Jackson Park harbor, the lakefront and beaches, and the Obama Presidential Center.
An additional offering is described at 6500–6508 S Ingleside Avenue, consisting of four luxury new construction 3-unit buildings. The properties may be purchased individually or as a package, depending on the number of buildings selected.
The offering is for 6508 S Ingleside Avenue in Chicago. The remarks note proximity to major local destinations including the University of Chicago, Jackson Park harbor, the lakefront and beaches, and the Obama Presidential Center.
An additional offering is described at 6500–6508 S Ingleside Avenue, consisting of four luxury new construction 3-unit buildings. The properties may be purchased individually or as a package, depending on the number of buildings selected.
Key Highlights
- Newer 2022‑built 3‑unit building in Woodlawn with 9 bedrooms and 6 total baths
- Two units currently rented with Unit #3 vacant for immediate income and flexibility
- Dedicated parking with 3 total parking spaces (assigned, off alley, and off street; owned)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $25.20 |
| − Vacancy | −$5.8k | −$1.39 |
| EGI | $100.0k | $23.81 |
| − OpEx | −$30.0k | −$7.14 |
| NOI | $70.0k | $16.67 |
4,200 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.2K – $1.17M
NOI $70,013 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$919.7K
$804.8K – $1.07M
NOI $64,382 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,620 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Newer construction three-unit property with dedicated parking and sprinkler systems, featuring a mix of rented units and a vacant unit.
Where is this triplex located?
The property is located at 6508 S Ingleside Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Newer 2022‑built 3‑unit building in Woodlawn with 9 bedrooms and 6 total baths; Two units currently rented with Unit #3 vacant for immediate income and flexibility; Dedicated parking with 3 total parking spaces (assigned, off alley, and off street; owned)
