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!
Property Details
Price:
$574,900
MLS #:
MRD12629045
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Neighborhood:
chieastgarfieldpark
Listed Date:
Apr 30, 2026
Year Built:
1904
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Brick
Parking Features
Off Street, Yes, Owned
Parking Spots
4
Parking Total
4
Financial
Tax Year
2024
Taxes
$6,634
Map
Community
- Address2931 W LEXINGTON Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60612
Market Summary
Current real estate data for Multi Family in Chicago as of Jun 14, 2026
1,398
Multi Family Listed
80
Avg DOM
$529,071
Avg List Price
Property Summary
- 2931 W LEXINGTON Street Chicago IL is a Multi Family for sale in Chicago, IL, 60612. It is listed for $574,900
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Copyright 2026. All rights reserved.
2931 W LEXINGTON Street
Chicago, IL


