Welcome to 3823 W Lexington St, a brick and limestone 2-flat offering an excellent opportunity for an investor or owner-occupant looking to build long-term rental income. Situated on a standard 25′ x 125′ Chicago lot, this multifamily property offers two residential units, additional lower-level space, and two rear parking spaces. The property provides an opportunity to generate income from multiple living spaces while offering investors the potential to increase cash flow over time through continued rental growth and improvements. The building has benefited from prior renovations, including updated windows, and features a newer furnace installed in 2022. The property currently offers an attractive combination of established rental income and future upside. The lower-level garden unit provides additional potential for a buyer interested in exploring future legalization and expansion of the property’s income-producing capacity. Buyer to independently verify the legality, permitted use, and requirements associated with the lower-level space. Located in West Garfield Park, the property is positioned in an area that provides an accessible entry point for investors seeking a multifamily asset with room for long-term growth. With its multi-unit configuration, existing rental income, rear parking, and potential for additional income, 3823 W Lexington presents an opportunity for an investor looking beyond traditional single-family properties.
Property Details
Price:
$385,000
MLS #:
MRD12759313
Status:
Active
Beds:
7
Baths:
3
Type:
Multi Family
Neighborhood:
chiwestgarfieldpark
Listed Date:
Sep 15, 2026
Year Built:
1890
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick, Stone, Limestone
Parking Features
Off Alley, Yes, Owned
Parking Spots
2
Parking Total
2
Financial
Tax Year
2025
Taxes
$6,250
Map
Community
- Address3823 W Lexington Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60624
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 09, 2026
1,357
Multi Family Listed
75
Avg DOM
$525,844
Avg List Price
Property Summary
- 3823 W Lexington Street Chicago IL is a Multi Family for sale in Chicago, IL, 60624. It is listed for $385,000
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Copyright 2026. All rights reserved.
3823 W Lexington Street
Chicago, IL


