Triplex with Three-Car
For Sale
$725,000
Pending
6718 N Campbell Avenue, Chicago, IL 60645
Two principal apartments are complemented by a non-conforming garden unit with a private entrance.
Property Size2,961 SF
Days on Market8
Property Features for 6718 N Campbell Avenue
General Information
Standard status
Pending
Size
2,961 SF
Total Parking Spaces
3
Property subtype
Two to Four Units
Site & Location
Neighborhood
West Rogers Park
Units
Unit Mix
2BR+den/1BA, 3BR+den/1BA, 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,055
Amenities
enclosed back porch
laundry room
Finished,Exterior Entry,Rec/Family Area,Sleeping Area,Storage Space,Full,Walk-Out Access
4
6
3
1
2
Public
4,125
No
Ceiling Fan(s),Multiple Water Heaters
Garage Door Opener,Yes,Detached,Garage
Building Details
Year Built
1923
Buildings
1
Construction
brick
Listing Agency:
(847) 984-0046
Listed By:
Christina Ezzo
Source:
Remaxsawa
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 5 at 8:59AM
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 Christina Ezzo
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Investment Insights
Based on property information with market context.
This 2,961-square-foot Chicago property, built in 1923, contains a legal two-flat and a non-conforming garden apartment. The first-floor residence has two bedrooms, a heated tandem room, a full bath, formal living and dining rooms, and a remodeled eat-in kitchen with stainless steel appliances. Upstairs are three bedrooms, a tandem room, a full bath, formal living and dining rooms, and an eat-in kitchen. The garden unit has one bedroom, one bathroom, an open kitchen and living-dining area, and two access points, including a private front-side entry.
The basement provides a separate laundry room with a half bath, plus utility and storage areas. The property also includes an enclosed rear porch and a detached, three-car brick garage. Both the building and garage roofs were replaced two years ago. The second-floor tenancy is month-to-month.
The basement provides a separate laundry room with a half bath, plus utility and storage areas. The property also includes an enclosed rear porch and a detached, three-car brick garage. Both the building and garage roofs were replaced two years ago. The second-floor tenancy is month-to-month.
Key Highlights
- Legal two‑flat plus a non‑conforming one‑bedroom garden unit
- First‑floor apartment has two bedrooms and a heated tandem room; second‑floor apartment has three bedrooms and a tandem room
- Garden unit includes two access points, including a private front‑side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,359
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,180
$987.2K
Cap Rate 7%
$705,129
$705.1K
Cap Rate 9%
$548,433
$548.4K
Market Conditions
NOI Build-Up for 2,961 SF
Gross rent
$74.6K $25.20/SF
− Vacancy
−$4.1K −$1.39/SF
EGI
$70.5K $23.81/SF
− OpEx
−$21.2K −$7.14/SF
NOI
$49.4K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,180
Cap Rate 7%
$705,129
Cap Rate 9%
$548,433
Alternative Uses
Best Use
Multifamily LT 5
$705.1K
$617.0K – $822.7K
NOI $49,359 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$648.4K
$567.4K – $756.5K
NOI $45,390 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,727 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,388
Businesses Nearby
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Business Placement
Demographics for 60645, IL
48,356
Population
18,143
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
21,980
Density / Sq Mi
$77,126
Median Household Income
$40,666
Median Earnings
$1,424
Median Rent
$308,200
Median Home Value
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Market
Properties on Market for Triplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Two principal apartments are complemented by a non-conforming garden unit with a private entrance.
Where is this triplex located?
The property is located at 6718 N Campbell Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Legal two‑flat plus a non‑conforming one‑bedroom garden unit; First‑floor apartment has two bedrooms and a heated tandem room; second‑floor apartment has three bedrooms and a tandem room; Garden unit includes two access points, including a private front‑side entrance
