2856 W 38th Place, Chicago IL 60632
Property Description
Inflation Deflator! Lay the foundation for your future with this outstanding investment opportunity in the booming Brighton Park neighborhood. This 4-unit building is ideally located near the expressway for an easy downtown commute and just minutes from shopping, restaurants, and other everyday conveniences, making it highly desirable for tenants. Whether you're looking to live in one unit while renting the others or expand your investment portfolio, this property offers tremendous upside. One unit is currently vacant, while the remaining three are occupied with below-market rents, providing excellent potential for increased future income. Offered as a long-term owner estate sale, this is a rare opportunity to acquire a well-located income-producing property. It may be purchased separately or as part of a package with the two neighboring buildings at 2858 W. 38th Place and 2854 W. 38th Place, creating an exceptional investment opportunity so schedule your viewing today!
Features & Information
Key Details
- List Price $385,000
- Property Taxes $3,772
- Year Built 1893
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove
- Rent $1,200/mo
- Tenant Pays Electric,Gas
- Lease Expires VACAN
-
Unit 2
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove
- Rent $950/mo
- Tenant Pays Electric,Gas
- Lease Expires MTM
-
Unit 3
- Floor 2
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,100/mo
- Tenant Pays Electric,Gas
- Lease Expires MTM
-
Unit 4
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,000/mo
- Tenant Pays Gas
- Lease Expires MTM
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 4
- 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 3771.87
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 16363190260000
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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