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Three-Unit Residential Income Building
For Sale
$500,000

8023 S Wood Street, Chicago, IL 60620

Three-unit multifamily property featuring 12 bedrooms and 3 bathrooms in total.

Property SizeContact for details
Days on Market35

Property Features for 8023 S Wood Street

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

Natural Gas
Forced Air
Water Front

Building Details

Year Built 1925
Tenancy Multi
Listing Agency: Blue Door Dave Inc
Listed By: Dontes Gartley · License #475173999
Source: Kw
Added: Jul 20 Changed: Aug 23 Last Checked: Aug 3 at 9:30AM

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 Blue Door Dave Inc

Investment Insights

Based on property information with market context.

This three-unit residential income building offers a total of 12 bedrooms and 3 bathrooms across the property. The offering is described as a 3-unit setup, making it suitable for buyers looking for multi-unit residential cash-flow potential.

The property is located at 8023 South Wood Street in Chicago, Illinois. The public remarks describe the building as a 12-bed, 3-bath, 3-unit property.

At approximately 4,200 square feet, the layout supports three separate units within a single income property configuration.

Key Highlights

  • Three‑unit multifamily property with a total of 12 bedrooms and 3 bathrooms
  • Year built: 1925

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop

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

843
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit multifamily property featuring 12 bedrooms and 3 bathrooms in total.
Where is this triplex located?
The property is located at 8023 S Wood Street Chicago, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three‑unit multifamily property with a total of 12 bedrooms and 3 bathrooms; Year built: 1925
More about this property
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