Large brick 3-unit multifamily investment opportunity with strong upside potential located in the rapidly developing East Garfield Park / Illinois Medical District area near downtown Chicago. Property features three spacious units with approximately 3 bedrooms and 1 bathroom each, refinished hardwood floors, recessed lighting, updated kitchens, updated bathrooms, newer HVAC systems, and updated mechanical improvements. Top floor unit approximately 2,200 sq ft. Middle and lower units approximately 2,150 sq ft each. Laundry hookups available in each unit. Separate utilities. Parking available for up to 2 cars per unit. Large backyard and newer rear porch. Property has already undergone substantial renovation work including kitchens, bathrooms, flooring, lighting, paint, HVAC, appliances, and mechanical updates. However, additional rehab and finishing work is still needed, making this an excellent value-add opportunity for investors, rehabbers, landlords, or cash buyers looking to complete and customize the project. Strong comparable sale nearby: 3107 W. Flournoy St recently sold for approximately $575,000 after renovation. Notably, that property is only a 2-unit building, while 3018 W. Flournoy is a larger 3-unit property with substantial additional income and value potential. Comparable renovated multifamily properties in the area continue to demonstrate strong investor demand and upside opportunity. Excellent location with convenient access to Rush Hospital, Stroger Hospital, UIC, downtown Chicago, expressways, and public transportation. Rapid neighborhood development and increasing multifamily values throughout the surrounding area. Auction date currently scheduled for May 19, 2026. Manager/owner is happy to show the property to serious buyers and investors prior to auction so buyers can better evaluate the opportunity and renovation potential. Property being sold AS-IS. Buyer responsible for verifying zoning, permits, room counts, condition, and redevelopment potential. Showings available by appointment. Serious buyers, investors, and contractors may contact owner directly at to schedule a showing or request additional information.
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