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$ 574,900
Est. payment /mo
Open Sat 12PM-1:30PM
2931 W LEXINGTON ST Chicago, IL 60612
8 Beds
3 Baths
Open House
Sat May 02, 12:00pm - 1:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12629045
Bedrooms 8
Year Built 1904
Annual Tax Amount $6,634
Tax Year 2024
Lot Dimensions 30X125
Property Sub-Type Two to Four Units
Property Description
This is an exceptional opportunity as an investor or owner-occupant to buy a move-in ready, income-producing all brick 3-unit property. Perfectly positioned in a rapidly growing pocket of East Garfield Park, this property is just steps from the highly anticipated United Center 1901 Project. This well-maintained building offers sharp finishes that has income producing tenants in place. Units 2 and 3 each feature spacious 3-bedroom, 1-bath layouts, while Unit 1 is a 2-bedroom, 1-bath layout. All units offer an open-concept living space that are filled with natural light. The kitchens are designed to impress with stainless steel appliances, and shaker cabinetry, creating a clean, modern culinary feel. Each unit also enjoys access to private rear decks, adding both lifestyle appeal and rental value. Designed for efficiency and ease of ownership, the property includes separate furnaces with tenants responsible for their own gas and electric, along with individual washer and dryer setups for each unit located in the shared basement. ADU or duplex down to increase cash flow as the basement offers 7'5" ceiling height and 2 egresses offering incredible upside. Outside, a dedicated parking pad accommodates up to four vehicles/ tandem. Ideally located just a short walk to the Western Blue Line Station and minutes from the Illinois Medical District, downtown, and neighborhood amenities including Pete's Fresh Market. This property checks every box! Incredibly LOW property taxes - no homeowner's exemption applied - make this an affordable, high-performing investment. Whether you're a seasoned investor or a first-time buyer, this property delivers income, long-term appreciation, and unmatched versatility. Don't miss your opportunity to own in one of Chicago's fastest-growing corridors!
Location
State IL
County Cook
Area Chi - East Garfield Park
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer, Storm Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Daniel DePaepe of Baird & Warner