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Contingent
  • $334,900

    3716 W Polk St, Chicago, IL 60624

    9beds
    --sqft
    : 
    $2,657/mo
    Get pre-qualified
    Multi Family
    Built in 1897
    -- sqft lot
    $337,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Classic brick exteriorSpacious unit layoutsQuiet residential blockSolid brick constructionFull unfinished basement
    THE CASH COW!!!! INCOME-PRODUCING INVESTMENT OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and savvy buyers looking for their next income-producing asset! Located in one of Chicago's rapidly growing neighborhoods, this oversized 3-story brick three-flat offers the perfect combination of immediate rental income and tremendous long-term upside. Featuring three spacious 3-bedroom units, the property currently has month-to-month tenants occupying the first and second floors, while the third-floor unit is also livable, offering flexibility for future occupancy or continued rental income. Built with solid bones and a classic brick exterior, this property provides an exceptional foundation for long-term investment. Perfectly positioned directly across from a neighborhood school on a quiet residential block, you'll also enjoy convenient access to transportation, shopping, parks, schools, and everyday amenities\. East Garfield Park continues to experience exciting redevelopment, making this an outstanding opportunity to build equity while generating rental income in one of Chicago's most promising investment corridors. The full unfinished basement presents the property's greatest value-add opportunity, offering exciting possibilities for future expansion, additional living space, enhanced amenities, or other improvements that could further increase the property's overall value and long-term earning potential. Buyers are encouraged to conduct their own due diligence regarding future improvement possibilities. Investors may also wish to explore opportunities to individually meter utilities, install separate gas, and water systems, add individual water heaters for each unit where feasible, and reconfigure utility services to help shift utility responsibilities, reduce owner operating expenses, improve efficiency, strengthen long-term cash flow, and maximize the property's investment performance. The property is being sold AS-IS and is subject to violation case the City of Chicago. Also, subject to any tenants. The buyer will assume responsibility for complying with all City of Chicago inspections, municipal requirements, property clean-out, and any repairs. No survey or seller disclosures will be provided. Proof of funds or a lender pre-approval letter must accompany all offers. Taxes will be prorated at 100%, and all earnest money must be submitted in certified funds. Room counts, dimensions, lot size, and other property details are believed to be accurate but are not guaranteed. Properties offering immediate rental income, spacious unit layouts, solid brick construction, and exceptional value-add potential are becoming increasingly difficult to find. Whether you're expanding your investment portfolio, seeking a cash-flowing asset with future upside, or searching for your next strategic acquisition, this oversized brick three-flat delivers an exceptional opportunity to create long-term wealth while capitalizing on the continued growth of East Garfield Park. Bring your vision, maximize its potential, and make this outstanding investment your next success story.
    52 days
    14
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Monica Poland 773-447-8918,

    RE/MAX 10 Lincoln Park

    Source: MRED as distributed by MLS GRID,MLS#: 12718929MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Radiator(s)
      Features
      • Basement: Unfinished,Full

      Property

      Parking
      • Parking features: Off Site
      Lot
      • Size: 3,049 Square Feet
      • Dimensions: 25X123
      Details
      • Parcel number: 16143110230000
      • 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: 1897

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $330,000
      • Annual tax amount: $4,658
      • Date on market: 7/31/2026
      • Ownership: Fee Simple

        Estimated market value

        $337,200

        $320,000 - $354,000

        $1,748/mo

        Price history

        DateEventPrice
        8/6/2026Contingent$334,900
        Source: MRED as distributed by MLS GRID #12718929 Report a problem
        7/31/2026Listed for sale$334,900
        Source: MRED as distributed by MLS GRID #12718929 Report a problem
        7/10/2026Listing removed$334,900
        Source: MRED as distributed by MLS GRID #12698613 Report a problem
        7/9/2026Listed for sale$334,900
        Source: MRED as distributed by MLS GRID #12698613 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,654 +42.9%$33,000 +50%
        2023$4,658 +2.6%$21,999
        2022$4,540 +2.3%$21,999
        2021$4,438 +13.5%$21,999 +25.7%
        2020$3,912 -2.4%$17,503 -12%
        2019$4,009 +1.7%$19,890
        2018$3,942 -24.5%$19,890 -17.7%
        2017$5,222 +7.8%$24,175
        2016$4,842 +9.3%$24,175
        2015$4,430 +5.6%$24,175 +6.9%
        2014$4,197 +2%$22,619
        2013$4,114 +1.4%$22,619
        2012$4,059 -5.7%$22,619 -14.8%
        2011$4,303 -0.4%$26,555
        2010$4,321 +4.4%$26,555
        2009$4,141 -9.1%$26,555 -16.4%
        2008$4,555 +1%$31,755
        2007$4,510 -1.1%$31,755
        2006$4,559 +52.6%$31,755 +73.6%
        2005$2,988 +1%$18,288
        2004$2,958 +2.2%$18,288
        2003$2,894 +39.9%$18,288 +58.8%
        2002$2,069 +3.8%$11,516
        2001$1,994 +38%$11,516
        2000$1,445 -0.7%$11,516 +53.1%
        1999$1,454 $7,520
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Homan Square

        Getting around

        71 / 100
        Very Walkable
        70 / 100
        Excellent Transit
        67 / 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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