2714 W LEXINGTON Street
Chicago, IL, 60612 $ 475,000
Bedrooms5 Baths3.0 Sq 1,856 Monthly Estimate*
$ 2,925
for $475,000 with 5 bedrooms and 3 full baths. This 1,856 square foot home was built in 1893.
Investor and house-hacker alert. Don't miss this rare opportunity to own a piece of authentic Chicago history with serious upside in the East Garfield Park neighborhood. This timeless two-flat greystone features classic bay window architecture and solid masonry construction, offering character you simply cannot replicate in new builds. Unit 2 offers three bedrooms and one bath with original wood floors and trim. Unit 1 offers two bedrooms and one bath, with a flexible layout ideal for converting the front living room into a third bedroom, or the basement section into a duplex-down. The semi-finished basement includes a bedroom, full bath, and rough plumbing for a kitchen stove, making it perfect for a duplex-down conversion or additional living space for an owner-occupant. Major systems were refreshed approximately 12 years ago, including the roof, HVAC, and windows, plus a brand-new water heater installed in 2025. Both units are currently occupied by tenants on month-to-month leases at below-market rents, providing instant cash flow today with a clear path to higher rents tomorrow. The location couldn't be better. You will enjoy quick access to the Illinois Medical District, Roosevelt Square, Little Italy, Garfield Park, Douglass Park, Chicago Hope Academy, Altgeld Park, and Cinespace Chicago Studios. The property also sits near major developments shaping the future of the West Side, including the $7 billion United Center 1901 Project and the Chicago Fire Endeavor Health Performance Center. Easy access to I-290 and CTA transportation makes commuting effortless. Stable income, strong bones, smart location, and massive upside. The time to invest in East Garfield Park is now, before the next wave of development drives prices higher. Schedule your private tour today. Seller is a licensed real estate broker in the State of Illinois.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas Steam
Possession Closing Immediate Negotiable
Zoning MULTI
Architectural Style Greystone
Construction Materials Brick
Year Built 1893
Township West Chicago
Tax Year 2024
Ownership Fee Simple
Community Features Curbs Gated Sidewalks Street Lights Street Paved
County Cook
Insurance Expense 2800
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 11
Status Active
Directions Exit WESTERN AVE via I-290 then HARRISON ST TO WASHTENAW AVE S TO LEXINGTON ST W TO ADDRESS
High School Manley Career Academy High Schoo
City Chicago
High School District 299
MLS Area CHI - East Garfield Park
Elementary School Jensen Elementary School Olastic
Tax Annual Amount 5847.91
Middle/Junior High School Jensen Elementary School Olastic
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Partially Finished Partial
Total Bedrooms 5
Total Baths 3
Bedrooms Possible 5
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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ExteriorParking Features Assigned Yes Owned
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 25 X 125
Waterfront Y/N N
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* Excluded FeaturesList Byjoshua.reighard@bairdwarner.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,925
- Monthly Property Taxes
- $487
- 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 $618,748
Percent of Sale Price 30%
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.
4115189 Elementary School
4115189 Middle School
Manley Career Academy High Schoo High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/7/2026 | $475,000 | | Listed Price |