Masonry Triplex with EV
New
For Sale
$476,500
6728 S Langley Avenue, Chicago, IL 60637
Three apartments provide nine bedrooms and three full bathrooms in a flexible residential configuration.
Property Size2,700 SF
Price / SF$176.48
Days on Market4
Property Features for 6728 S Langley Avenue
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
2
Property subtype
Two to Four Units
Site & Location
Neighborhood
Park Manor
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,046
Amenities
EV charger
Partially Finished,Exterior Entry,Full,Walk-Out Access
3
9
Lake Michigan,Public
2
4464
No
Yes
Building Details
Year Built
1922
Buildings
1
Construction
masonry
Listing Agency:
(224) 269-8556
Listed By:
Thomas Quigley
Source:
Michanarealestatesolutions
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:52AM
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 Thomas Quigley
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Investment Insights
Based on property information with market context.
This 1922 masonry triplex contains three apartments with a combined nine bedrooms and three full bathrooms. Select units retain decorative fireplaces, and the property includes a new universal EV charger and an exterior two-car parking slab.
The building is at 6728 S Langley Avenue in Chicago. Parks, playgrounds, schools, and public transit options are identified in the surrounding community.
The building is at 6728 S Langley Avenue in Chicago. Parks, playgrounds, schools, and public transit options are identified in the surrounding community.
Key Highlights
- Three‑unit masonry building
- Nine bedrooms and three full bathrooms
- Built in 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,389
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,780
$827.8K
Cap Rate 7%
$591,271
$591.3K
Cap Rate 9%
$459,878
$459.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$79.4K $29.40/SF
− Vacancy
−$4.1K −$1.53/SF
EGI
$75.3K $27.87/SF
− OpEx
−$33.9K −$12.54/SF
NOI
$41.4K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,780
Cap Rate 7%
$591,271
Cap Rate 9%
$459,878
Alternative Uses
Best Use
Multifamily LT 5
$643.0K
$562.6K – $750.1K
NOI $45,008 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$591.3K
$517.4K – $689.8K
NOI $41,389 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,113 @ 7.0% cap · market cap 18.70%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
Demographics for 60637, IL
53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments provide nine bedrooms and three full bathrooms in a flexible residential configuration.
Where is this triplex located?
The property is located at 6728 S Langley Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $476,500.
What are key features of this property?
This property features: Three‑unit masonry building; Nine bedrooms and three full bathrooms; Built in 1922
