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Brick Triplex Apartment Building
For Sale
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663 E 50th Street, Chicago, IL 60615

Three-bedroom apartments are paired with a non-conforming basement area.

Property SizeContact for details
Days on Market64

Property Features for 663 E 50th Street

General Information

Standard status Active
Property subtype Multifamily
Zoning RM-5

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3

Building Details

Buildings 1
Units 3
Tenancy Multi
Construction brick
Listing Agency: Millennium Properties R/E
Listed By: Brad Thompson · License #IL 471013662
Source: Crexi
Added: Jul 1 Changed: Aug 31 Last Checked: Aug 31 at 3:56PM

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 Millennium Properties R/E

Investment Insights

Based on property information with market context.

This brick triplex at 663 E. 50th Street contains three apartment units, each arranged with three bedrooms and one bathroom. The building also includes a non-conforming basement that has been identified as a possible fourth apartment, subject to applicable requirements. RM-5 zoning is in place.

The property is in Chicago’s Bronzeville neighborhood near Cottage Grove Avenue, with access to public and vehicular transportation. Its setting provides connectivity to the University of Chicago campus, nearby restaurants and bars, and the I-94/I-90 expressway.

Key Highlights

  • Three apartment units, each with 3 bedrooms and 1 bathroom
  • Brick triplex apartment building in Chicago’s Bronzeville neighborhood
  • Non‑conforming basement identified as a possible fourth apartment

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom HVAC Service Auto Repair Shop Building Supply Auto Parts 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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,624
Businesses Nearby

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
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 - Three-bedroom apartments are paired with a non-conforming basement area.
Where is this triplex located?
The property is located at 663 E 50th Street Chicago, IL.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Three apartment units, each with 3 bedrooms and 1 bathroom; Brick triplex apartment building in Chicago’s Bronzeville neighborhood; Non‑conforming basement identified as a possible fourth apartment
(312) 338-3000 Call to check price and availability
More about this property
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