Chicago, IL 60612 2931 W LEXINGTON Street
$574,900



29 more





























Presented By: Baird & Warner
Home Details
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!
Presented By: Baird & Warner
Interior Features for 2931 W LEXINGTON Street
Bedrooms
Bedrooms Possible8
Total Bedrooms8
Bathrooms
Full Baths Building3
Half Baths Building
Total Baths3
Other Interior Features
BasementUnfinished, Full
Total Number of Units3
General for 2931 W LEXINGTON Street
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
DirectionsCalifornia Ave to LEXINGTON, W to PROPERTY
Elementary School District299
HeatingNatural Gas
High School District299
MLS AreaCHI - East Garfield Park
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer, Storm Sewer
Standard StatusActive
StatusActive
Tax Annual Amount6634
Tax Year2024
Total Rooms17
TownshipWest Chicago
Virtual TourClick here
Year Built1904
ZoningMULTI
Exterior for 2931 W LEXINGTON Street
Foundation DetailsConcrete Perimeter
Lot Dimensions30X125
Parking FeaturesOff Street, Yes, Owned
Total Parking4
Water SourceLake Michigan, Public
Waterfront Y/NNo
Additional Details
Price History
