2714 West Lexington, Chicago IL 60612
$475,000

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Property Description

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, Garfield Park Conservatory, 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.

Features & Information

Key Details

  • List Price $475,000
  • Property Taxes $5,847.91
  • Price/ Sq. Ft. Unavailable
  • Year Built 1893
  • Parking Type Space/s
  • Status New

Rooms

  • Total Rooms 11
  • Basement P

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  2

Building Information

  • Number of Units 2
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Hot Water/Steam
  • Units

  • Unit 1 Washer, Dryer
  • Unit 2 Stove, Refrigerator, Washer, Dryer

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property Exit Western Ave Via I-290, Then Harrison St To Washtenaw Ave, S To Lexington St, W To Address
  • 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 5847.91
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 16134040370000

Utilities

  • Sewer Sewer-Publ

Based on information submitted to the MLS GRID as of 5/7/2026 7:02 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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