3037 West Lexington, Chicago IL 60612
- Units 3
- Total Beds 8
- Total Baths 3
- Taxes $3,811
- Payment Estimate View Mortgage Calculator
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Property Description
SUPER AFFORDABLE Opportunity with LOW Property taxes |$3,811 without a homeowner's exemption | This fully gut-rehabbed, permitted LEGAL 2-FLAT offers 3 finished income-producing units and is located in Chicago's rapidly appreciating West Side corridor. Conservative three-bedRM Rental comp located at 2921 W Jackson | MLS#12338227 | 3bed/1bath | rented for $1,900. While a two-bedrm (without den) rented rented for $1,995, see comp:3328 W Congress Pkwy, Unit 1 | MLS# 12440357. Conservative Estimated Monthly Rental Income: $1900+1900+1800 (not including parking spaces) $5,600 |Estimated Annual Rental Income: $67,200. This classic Chicago red-brick building offers timeless curb appeal, solid masonry construction, and architectural elements investors and tenants love; 10-ft ceilings, redesigned open-concept floor plans, oversized windows, and restored character balanced with modern upgrades. The property features three turnkey units (1st & 2nd floor units: 3bd/1ba + basement: 2bd+den/1ba). Each unit has been fully updated with brand-plumbing, electrical, separate furnaces, separate water heaters, individual electrical panels, and in-unit washer/dryer hook-ups. Designed for maximum efficiency to support tenant comfort, minimize vacancies, and streamline property management. Stylish modern finishes, redesigned layouts, and move-in-ready condition make this asset ideal for securing premium rents. Spacious rear decks extend the living space, adding tenant appeal and additional value. Located in a highly appreciating West Side neighborhood positioned for continued rental demand and property value growth, with proximity to downtown, transit, major expressways, medical district expansion, and ongoing regional investment. As rents rise and redevelopment continues throughout surrounding communities, this building offers both strong cash-flow potential and long-term appreciation upside. Whether you're an investor seeking a completely rehabilitated, low-maintenance asset, or an owner-occupant looking to house-hack with major rental income, this property delivers the perfect blend of historic character, modern efficiency, and scalable income potential. A rare turnkey multi-unit opportunity not to be missed.
Features & Information
Key Details
- List Price $499,000
- Property Taxes $3,811
- Price/ Sq. Ft. Unavailable
- Year Built 1890
- Parking Type Space/s
- Status Pending
Rooms
- Total Rooms 10
- Basement F
Exterior Features
-
Parking
- Parking Details Space/s
- # of Cars: 2
Building Information
- Number of Units 3
- Age of Building 100+ Years
- Exterior Construction Brick
- Foundation Concrete
- Heating & Cooling Gas
-
Units
- Unit 1 Stove, Refrigerator, Microwave
- Unit 2 Stove, Refrigerator, Microwave
- Unit 3 Stove, Refrigerator
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property Take Sacramento To Lexington St
-
Schools
- Elementary School District 299
- School Name Jensen Elementary School
- Junior High District 299
- School Name Jensen Elementary School
- High School District: 299
- School Name Manley Career Academy Hig
-
Property Taxes
- Tax 3811
- Tax Year 2023
- Tax Exemptions None
- Parcel Identification Number 16133090100000
Utilities
- Sewer Sewer-Publ
Listed by: MPower Residential Brokerage LLC | Phone: 312.498.8473
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 12/17/2025 1:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore East Garfield Park
Picturesque gardens and organic produce markets cross paths with vintage graystones and soul food restaurants in this long established - and now re-established - west side Chicago neighborhood. East Garfield Park is probably best known for the Garfield Park Conservatory which is one of the largest in the U.S. Like taking a step into another hemisphere, the conservatory is your ticket to a lush tropical climate with 30-foot palm trees and fragrant orchids, even in the dead of winter. The rest of the 185-acre park transports visitors to a fashionable Parisian-inspired commons with grand promenades, large ponds and landscaped grounds. On the restaurant front, East Garfield Park is a jackpot of American cuisine with a twist of southern cooking thrown in. Red hots, hamburgers and fries, fried fish and chicken, macaroni and cheese, submarines, peach cobblers and any other comfort food you can think of. For a taste of East Garfield Park's retail business just head over to Madison Street for the best shopping stops.
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