Brick Triplex with Three-Car
For Sale
$550,000
Pending
7414 S Chappel Ave, Chicago, IL 60649
Occupied brick multifamily property with hardwood floors, formal dining rooms, separate heating, and an owned detached garage.
Property SizeContact for details
Days on Market56
Property Features for 7414 S Chappel Ave
General Information
Standard status
Pending
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Financials
Asking Price
$550,000
Gross Income
$46,944
Average Monthly Rent
$1,304
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Amenities
tenant storage
landlord storage
coin-laundry facilities
Building Details
Year Built
1929
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
4 Sale Realty Advantage LLC
Listed By:
Thomas Bezanes · License #471018395
(312) 622-2850
Source:
Highriseschicago
Added: Aug 23
Changed: Oct 16
Last Checked: Oct 16 at 8:42AM
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 4 Sale Realty Advantage LLC
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Investment Insights
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This 1929 brick triplex contains three approximately 1,700-square-foot apartments, each configured with 3 bedrooms and 2 full bathrooms. The building provides 9 bedrooms and 6 full baths overall, with spacious living areas, formal dining rooms, hardwood flooring, and separate forced-air heating controls for each unit. All three apartments are occupied by established residents, and the tenancies are month-to-month.
Residents pay their own gas, heat, and electricity. A full basement provides tenant storage, landlord storage, natural-gas heat, and coin-operated laundry facilities. The property also includes an owned detached 3-car garage. Prior listing information reported a newer tear-off roof on the main building with a transferable warranty and a 2020 tear-off garage roof; those details should be independently verified. The property is located in Chicago’s South Shore community, near lakefront amenities, beaches, schools, shopping, and neighborhood recreational and cultural resources.
Residents pay their own gas, heat, and electricity. A full basement provides tenant storage, landlord storage, natural-gas heat, and coin-operated laundry facilities. The property also includes an owned detached 3-car garage. Prior listing information reported a newer tear-off roof on the main building with a transferable warranty and a 2020 tear-off garage roof; those details should be independently verified. The property is located in Chicago’s South Shore community, near lakefront amenities, beaches, schools, shopping, and neighborhood recreational and cultural resources.
Key Highlights
- Three apartments, each with 3 bedrooms and 2 full bathrooms; 9 bedrooms and 6 full baths total
- Approximately 1,700 SF per apartment with large living rooms, formal dining rooms, and hardwood floors
- Fully occupied building with all three tenancies currently month‑to‑month
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,496
Businesses Nearby
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Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
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 - Occupied brick multifamily property with hardwood floors, formal dining rooms, separate heating, and an owned detached garage.
Where is this triplex located?
The property is located at 7414 S Chappel Ave Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 2 full bathrooms; 9 bedrooms and 6 full baths total; Approximately 1,700 SF per apartment with large living rooms, formal dining rooms, and hardwood floors; Fully occupied building with all three tenancies currently month‑to‑month
