2931 West Lexington, Chicago IL 60612
$574,900

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Property Description

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!

Features & Information

Key Details

  • List Price $574,900
  • Property Taxes $6,634
  • Price/ Sq. Ft. Unavailable
  • Year Built 1904
  • Parking Type Space/s
  • Status New

Rooms

  • Total Rooms 17
  • Basement F

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  4

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, Microwave

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property California Ave To Lexington, W To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 6634
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 16133100100000

Utilities

  • Sewer Sewer-Publ

Based on information submitted to the MLS GRID as of 5/1/2026 11:02 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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