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Four-Unit Building with Basement
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849 N Parkside Avenue, Chicago, IL 60651

Legal four-unit property with a two-bedroom and three-bedroom unit mix, plus basement space requiring additional work.

Property Size4,924 SF
Price / SF$86.31
Days on Market130

Property Features for 849 N Parkside Avenue

General Information

Standard status Active
Size 4,924 SF
Total Parking Spaces 2
Property subtype Multifamily
Zoning MULTI
Net Operating Income $57,300

Property Condition

Severity Repairs Needed
Evidence requires a new roof and exterior repairs

Units

Unit Mix 2 x 3bd/1ba, 2 x 2bd/1ba
Multifamily Units 4

Building Details

Year Built 1903
Buildings 1
Stories 2
Units 4
Listing Agency: Keller Williams Preferred Realty
Listed By: Brendan McElhaney · License #475187703
Source: Crexi
Added: Apr 25 Changed: Aug 31 Last Checked: Aug 31 at 9:14AM

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 Keller Williams Preferred Realty

Investment Insights

Based on property information with market context.

This legal four-unit building contains two three-bedroom, one-bath units and two two-bedroom, one-bath units within 4,924 square feet. The property was built in 1903 and is zoned MULTI. Two units require minimal updating, while the remaining two need more substantial improvements.

The basement offers space identified for two additional units or a duplex-down configuration, subject to applicable approvals and construction requirements. Capital needs include a new roof and exterior repairs. The property is offered as-is, where-is.

Key Highlights

  • Legal 4‑unit building with two 3bd/1ba units and two 2bd/1ba units
  • 4,924 SF property built in 1903
  • Basement identified for two additional units or a duplex‑down configuration

Property Analytics

Current Use

Quadplexes

Suggested Use

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

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,581
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
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?
Quadplex - Legal four-unit property with a two-bedroom and three-bedroom unit mix, plus basement space requiring additional work.
Where is this quadplex located?
The property is located at 849 N Parkside Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Legal 4‑unit building with two 3bd/1ba units and two 2bd/1ba units; 4,924 SF property built in 1903; Basement identified for two additional units or a duplex‑down configuration
(708) 307-0777 Call to check price and availability
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