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Three-Unit Multifamily Building
For Sale
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8039 S Marquette Avenue, Chicago, IL 60617

Zoned MULTI with individual heating systems serving each residence.

Property SizeContact for details
Days on Market149

Property Features for 8039 S Marquette Avenue

General Information

Standard status Active
Property subtype Multifamily
Zoning MULTI

Property Condition

Severity Repairs Needed
Evidence some updating is needed

Additional Details

Multifamily Units 3

Building Details

Year Built 1923
Buildings 1
Listing Agency: KM Realty Group
Listed By: Tammy Jackson · License #471.020151
Source: Crexi
Added: Apr 8 Changed: Aug 30 Last Checked: Aug 30 at 10:43PM

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 KM Realty Group

Investment Insights

Based on property information with market context.

Built in 1923, this three-unit multifamily property includes spacious residences with functional floor plans and abundant natural light. Each unit has its own heating system, providing separate climate control for the individual residences. The building is being offered as-is and requires updating, creating a clear renovation component for a buyer prepared to complete improvements. Zoning is designated MULTI.

The property is located at 8039 S Marquette Avenue in Chicago, Illinois, with transportation, schools, and local amenities identified in the surrounding area. The three-unit configuration provides a straightforward multifamily layout for continued residential use.

Key Highlights

  • Three‑unit multifamily building at 8039 S Marquette Avenue, Chicago, IL 60617
  • Built in 1923
  • Separate heating system for each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store 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

Location Intelligence

Trade Area within ½ mile

758
Businesses Nearby

Demographics for 60617, IL

77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value

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 - Zoned MULTI with individual heating systems serving each residence.
Where is this triplex located?
The property is located at 8039 S Marquette Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three‑unit multifamily building at 8039 S Marquette Avenue, Chicago, IL 60617; Built in 1923; Separate heating system for each unit
(773) 517-5478 Call to check price and availability
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