3024 W 40th Place
Chicago, IL, 60632 $ 380,000
Bedrooms6 Baths2.0 Monthly Estimate*
$ 2,340
for $380,000 with 6 bedrooms and 2 full baths. This home was built in 1922 on a lot size of 0.07.
Welcome to this exceptional 2-unit opportunity in the heart of Brighton Park, one of Chicago's most vibrant and convenient neighborhoods.This solid brick building offers incredible space, versatility, and long-term potential-perfect for both investors and owner-occupants. Each unit features 3 generously sized bedrooms and a full bathroom, complemented by beautiful hardwood floors that run throughout, creating a warm and timeless feel. The large kitchens are designed for both function and comfort, complete with walk-in pantries that provide ample storage and everyday convenience. Step inside and you'll immediately notice the charming foyers that welcome you home, along with enclosed rear porches offering additional living or relaxation space year-round. The property truly stands out with its expansion potential. A full, unfinished attic currently used for storage presents an exciting opportunity to create a third unit or additional living space (buyer to verify with city). The expansive basement includes laundry and dedicated work rooms, with the possibility to convert into even more usable living area. Outside, you'll find a 2-car garage and easy street access, making parking a breeze. This is an estate sale and is being offered as-is. The previous owner occupied the first-floor unit while renting out the second floor, making this an ideal setup for both owner-occupants and investors alike. Location is key-and this one delivers. Situated within walking distance to local restaurants, shops, parks, and public transportation, this property offers both lifestyle and convenience. Enjoy quick access to everything Brighton Park has to offer, including nearby dining, grocery stores, schools, and major commuter routes. Whether you're looking to live in one unit and rent the other, expand your investment portfolio, or unlock additional value through future improvements, this property checks all the boxes. Don't miss the opportunity to own a versatile, income-producing property in a prime Chicago location.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Closing
Garage Spaces 2
Construction Materials Brick
Year Built 1922
Township Lake
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 12
Status New
Directions Kedzie Ave. to 40th Pl. East to Property 3024.
City Chicago
High School District 299
MLS Area CHI - Brighton Park
Tax Annual Amount 2977
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Unfinished Walk-Out Access
Total Bedrooms 6
Room Type Enclosed Porch Foyer Workshop
Total Baths 2
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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ExteriorParking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 122.6x27
Lot Size Acres 0.07
Waterfront Y/N N
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
buywithvitali@gmail.com;vitalirealestatebroker@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,340
- Monthly Property Taxes
- $248
- 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $618,728
Percent of Sale Price 63%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/1/2026 | $380,000 | | Listed Price |