2931 W LEXINGTON Street Chicago, IL $ 574,900
2931 W LEXINGTON Street
$ 574,900
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Open House 5/2 12pm - 1:30pm
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2931 W LEXINGTON Street

Chicago, IL, 60612
$ 574,900
Bedrooms8 Baths3.0

Monthly Estimate*

$ 3,540

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Multi-Family Home for sale in Chicago, IL

for $574,900 with 8 bedrooms and 3 full baths. This home was built in 1904.

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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Open House

5/2/2026 12:00 PM - 1:30 PM
2931 W LEXINGTON Street Chicago, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 574,900

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,634

Style

Year Built

1904

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12629045

Features
General
Sewer Public Sewer Storm Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1904
Township West Chicago
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 17
Status New
Directions California Ave to LEXINGTON W to PROPERTY
City Chicago
High School District 299
MLS Area CHI - East Garfield Park
Tax Annual Amount 6634
Additional Parcels Y/N N
Virtual Tour https://smartfloorplan.com/il/v511366/player.pl
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 8
Total Baths 3
Bedrooms Possible 8
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Off Street Yes Owned
Water Source Lake Michigan Public
Total Parking 4
Foundation Details Concrete Perimeter
Lot Dimensions 30X125
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner

Broker

DanielD@bairdwarner.com

Email

Affordability Calculator

$4,093
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$553
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$574,900 Listed Price

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2931 W LEXINGTON Street, Chicago, IL, 60612 is a Multi-Family Home for sale at $574,900. 2931 W LEXINGTON Street has 8 bedrooms, 3.0 baths, and was built in 1904. The property's zip code is 60612 which is in Chicago, IL