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  • $574,900

    2931 W Lexington St, Chicago, IL 60612

    8beds
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    Multi Family
    Built in 1904
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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!
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    Zillow last checked:

    Listed by:

    Daniel DePaepe 773-294-4250,

    Baird & Warner

    Source: MRED as distributed by MLS GRID,MLS#: 12629045MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Natural Gas
      Features
      • Basement: Unfinished,Full
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Off Street, Yes, Owned
      Lot
      • Size: 3,750 Square Feet
      • Dimensions: 30X125
      Details
      • Parcel number: 16133100100000
      • Zoning: MULTI
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1904
      • Major remodel year: 2020

      Utilities & green energy

      • Sewer: Public Sewer, Storm Sewer
      • Water: Lake Michigan, Public

      Community & HOA

      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $340,000
      • Annual tax amount: $6,634
      • Ownership: Fee Simple

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/10/2016Sold$213,000-10.9%
        Source: MRED as distributed by MLS GRID #09240316 Report a problem
        6/28/2016Pending sale$239,000
        Source: Domain Realty #09240316 Report a problem
        5/28/2016Listed for sale$239,000+291.8%
        Source: Domain Realty #09240316 Report a problem
        9/13/2012Listing removed$1,000
        Source: Domain Realty Report a problem
        8/15/2012Price change$1,000-16.7%
        Source: Domain Realty Report a problem
        6/19/2012Listed for rent$1,200
        Source: Domain Realty Report a problem
        9/21/2011Sold$61,000-82.6%
        Source: MRED as distributed by MLS GRID #07787418 Report a problem
        7/6/2005Sold$351,000+43.3%
        Source: Public Record Report a problem
        8/10/2000Sold$245,000+333.6%
        Source: Public Record Report a problem
        5/10/2000Sold$56,500
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024-- $34,000 +41.7%
        2023$5,081 +2.6%$24,000
        2022$4,953 +2.3%$24,000
        2021$4,842 +17.3%$24,000 +29.9%
        2020$4,128 -2.4%$18,469 -12%
        2019$4,231 +1.7%$20,988
        2018$4,159 -16.6%$20,988 -9.1%
        2017$4,989 +7.8%$23,097
        2016$4,626 +9.3%$23,097
        2015$4,232 +10.7%$23,097 +12.1%
        2014$3,822 +2%$20,600
        2013$3,747 +1.4%$20,600
        2012$3,697 -7.9%$20,600 -16.8%
        2011$4,013 -0.4%$24,763
        2010$4,030 +4.4%$24,763
        2009$3,861 -23.7%$24,763 -29.8%
        2008$5,060 +1%$35,274
        2007$5,010 -1.1%$35,274
        2006$5,064 +80.8%$35,274 +105.8%
        2005$2,801 +1%$17,142
        2004$2,773 +2.2%$17,142
        2003$2,713 +39.7%$17,142 +58.6%
        2002$1,942 +3.8%$10,810
        2001$1,872 +40.3%$10,810
        2000$1,335 -0.7%$10,810 +55.6%
        1999$1,344 $6,948

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lawndale

        Getting around

        65 / 100
        Somewhat Walkable
        73 / 100
        Excellent Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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