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Renovated Three-Unit Triplex
For Sale
$350,000

7304 S Peoria St, Chicago, IL 60621

Separate residences offer owner-occupant flexibility or rental use across the full property.

Property SizeContact for details
Days on Market14

Property Features for 7304 S Peoria St

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

off-street rear parking

Building Details

Year Built 1911
Tenancy Multi
Listing Agency: Woodhaven Lakes Realty Inc
Listed By: Nick Nastos
Source: Chicagospropertyshop
Added: Sep 9 Changed: Sep 21 Last Checked: Sep 21 at 6:54AM

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 Woodhaven Lakes Realty Inc

Investment Insights

Based on property information with market context.

Located at 7304 S Peoria St in Chicago, this legal triplex contains three independently rented residences with a combined seven bedrooms and three bathrooms. Recent renovations and modern improvements have been completed throughout the property. Rear off-street parking adds on-site convenience, while the building’s 1911 construction provides an established multifamily framework.

Each unit is equipped with its own water heater and furnace. Residents are responsible for gas and electric service, while the owner pays water. The configuration supports an owner-occupant arrangement with rental use in the remaining units or leasing all three residences. The property is fully compliant as a three-unit building.

Key Highlights

  • Legal three‑unit property at 7304 S Peoria St, Chicago, IL 60621
  • Seven bedrooms and three bathrooms across three independently rented units
  • Recent renovations and modern updates throughout

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Skin Care Clinic Building Supply

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

753
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
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 - Separate residences offer owner-occupant flexibility or rental use across the full property.
Where is this triplex located?
The property is located at 7304 S Peoria St Chicago, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Legal three‑unit property at 7304 S Peoria St, Chicago, IL 60621; Seven bedrooms and three bathrooms across three independently rented units; Recent renovations and modern updates throughout
More about this property
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