2854 W 38th Place, Chicago IL 60632
Property Description
Come grow your investment in the booming Brighton Park neighborhood with this 2-flat offering long-term income potential. Its convenient location near the expressway provides an easy downtown commute, while nearby shopping, restaurants, and everyday conveniences make it an attractive choice for tenants. Whether you're looking to live in one unit while renting the other or add an income-producing property to your investment portfolio, this property offers excellent upside. Both units are currently rented with below-market rents, providing immediate rental income today and strong potential for increased future returns. Offered as a long-term owner estate sale, this is a rare opportunity to acquire a well-located multi-unit property. It can be purchased separately or as part of a package with the neighboring buildings at 2858 W. 38th Place and 2856 W. 38th Place, creating an exceptional investment opportunity. Easy to buy and ready for its next owner-schedule your viewing today!
Features & Information
Key Details
- List Price $245,000
- Property Taxes $3,027
- Year Built 1888
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,300/mo
- Tenant Pays Electric,Gas
- Lease Expires 09/26
-
Unit 2
- Floor 2
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $975/mo
- Tenant Pays Electric,Gas
- Lease Expires MTM
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township South Chicago
- Corporate Limits Chicago
- Directions to Property California Ave To 38th Pl. South To Address
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 3027.24
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 16363190270000
Listed by Thomas Domasik for RE/MAX 10 in the Park | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/3/2026 5:02 AM. 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 Brighton Park
Brighton Park has always been influenced by Chicago's transportation industry. It originally developed in the early 1900s when the railroad business was booming, which prompted the neighborhood to became a major hub in the railroad network. Today, with the renewal of nearby Midway International Airport and an influx of Hispanic American residents, Brighton Park is once again transforming itself. Building an identity as an enclave for Latin culture, cuisine and art, this section of Chicago is home to a selection of Mexican restaurants and grocery stores, and even celebrates traditional Mexican folkloric dance. Still flanked on all sides by railroad tracks and major travel routes (namely the Orange Line "El" and the Stevenson Highway), Brighton Park is just a short hop, skip and train ride away from the downtown Loop.
Read More About Brighton Park...
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