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30 Properties Within 0.5 miles of: 2931 W Lexington, Chicago

2931 W Lexington
Chicago, IL 60612

  • 8 Beds
  • Built In 1904
Price

$574,900

Est Payment
$3,400 / month (details)  
Taxes
$6,634  
Beds
8  
Rooms
17  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
30X125  
Built
1904  
Neighborhood
Lawndale  
MLS
#12629045
Status
Active

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!

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling
  • Water Lake Michigan, Public
  • Sewer Public Sewer, Storm Sewer

Additional Information

Parking
4 Parking Spaces, Off Street, Yes, Owned
Schools
District 299

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Principal & Interest
$0
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Home Insurance
$0
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$0

Nearby Transportation

  • Bus 7 0.2 mi
  • Bus 94 0.2 mi
  • Bus 52 0.3 mi
  • Bus 12 0.4 mi
  • Bus 126 0.4 mi
  • Bus 82 0.6 mi
  • Bus 20 0.6 mi
  • Bus 49 0.7 mi
  • Bus X49 0.7 mi
  • Bus 157 0.7 mi
  • Bus 18 0.7 mi
  • Bus 50 1.2 mi
  • Burlington Northern 1.2 mi
  • Union Pacific West 1.2 mi
  • Blue Line 0.4 mi
  • Green Line 0.9 mi
  • Pink Line 1.2 mi
  • I 290 West 0.3 mi
  • I 290 East 0.3 mi
  • I 55 North 2.7 mi
  • I 55 South 2.7 mi
  • I 90 East 2.7 mi
  • I 94 East 2.7 mi
  • I 90 West 2.7 mi
  • I 94 West 2.7 mi
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