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!
Active
$574,900
2931 W Lexington St, Chicago, IL 60612
8beds
--sqft
Multi Family
Built in 1904
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- --
- on Zillow |
- 215
- views |
- 21
- saves |
Zillow last checked:
Listed by:
Daniel DePaepe 773-294-4250,
Baird & Warner
Source: MRED as distributed by MLS GRID,MLS#: 12629045
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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
| Date | Event | Price |
|---|---|---|
| 8/10/2016 | Sold | $213,000-10.9% |
Source: | ||
| 6/28/2016 | Pending sale | $239,000 |
Source: Domain Realty #09240316 Report a problem | ||
| 5/28/2016 | Listed for sale | $239,000+291.8% |
Source: Domain Realty #09240316 Report a problem | ||
| 9/13/2012 | Listing removed | $1,000 |
Source: Domain Realty Report a problem | ||
| 8/15/2012 | Price change | $1,000-16.7% |
Source: Domain Realty Report a problem | ||
| 6/19/2012 | Listed for rent | $1,200 |
Source: Domain Realty Report a problem | ||
| 9/21/2011 | Sold | $61,000-82.6% |
Source: | ||
| 7/6/2005 | Sold | $351,000+43.3% |
Source: Public Record Report a problem | ||
| 8/10/2000 | Sold | $245,000+333.6% |
Source: Public Record Report a problem | ||
| 5/10/2000 | Sold | $56,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $6,948 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 5/10Jensen Elementary Scholastic AcademyGrades: PK-8Distance: 0.2 mi
- NAManley Career Academy High SchoolGrades: 9-12Distance: 0.1 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Chicago
- 60612
- Lawndale
- 2931 W Lexington St




