2714 W Lexington Street, Chicago, IL 60612
Local realty services provided by:CENTURY 21 Circle
2714 W Lexington Street,Chicago, IL 60612
$449,900
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: josh reighard, gonzalo del rio
Office: baird & warner
MLS#:12699187
Source:MLSNI
Price summary
- Price:$449,900
About this home
This classic Chicago greystone two-flat in the West Side checks every box for the value-add investor or owner-occupant: updated systems, below-market rents, and a neighborhood in the middle of a real transformation. With iconic bay window architecture, solid masonry construction, and a freshly updated profile from foundation to roof, this building is ready for its next chapter. Major improvements completed in 2026 mean the heavy lifting is already done. Two brand-new water heater tanks, a fully resurfaced roof, and structural reinforcements give the next owner the confidence to walk in and focus on upside rather than repairs. The foundation is solid, the systems are fresh, and the returns are within reach. The building offers strong income potential across three levels. Unit 2 features three bedrooms, one bath, and original hardwood floors. Unit 1 offers two bedrooms, one bath, and a flexible layout. The semi-finished basement includes a living room, bedroom, full bath, half-bath, and rough plumbing for a future kitchen, making it a natural candidate for a duplex-down conversion or in-law suite. Both units are currently tenant-occupied on month-to-month leases at below-market rents, meaning day-one income with immediate room to grow. Raise rents to market rate, activate the basement conversion, or house-hack and let your tenants cover your mortgage. The location only adds to the case. Minutes from the Illinois Medical District, Little Italy, Garfield Park Conservatory, and Cinespace Chicago Studios, this property sits in the path of serious capital. The $7 billion United Center 1901 Project is just five minutes away and accelerating demand across the entire west side corridor. Easy access to I-290 and the CTA Blue Line keeps tenants happy and vacancy low. Seller is a licensed real estate broker in the State of Illinois....
Contact an agent
Home facts
- Year built:1893
- Listing ID #:12699187
- Updated:October 15, 2026 at 08:39 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:11
- Basement Description:Partial, Partially Finished
Heating and cooling
- Heating:Natural Gas, Steam
Structure and exterior
- Year built:1893
- Architectural Style:Greystone
Schools
- High school:Manley Career Academy High Schoo
- Middle school:Jensen Elementary School Olastic
- Elementary school:Jensen Elementary School Olastic
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$449,900
- Tax amount:$5,848 (2024)
Parking
- Total parking spaces:2
- Parking description:Assigned
New listings near 2714 W Lexington Street
- New
$1,375,000Active11 beds 4 baths1429 N Fairfield Avenue, Chicago, IL 60622
MLS# 12758542Listed by: EQUITY MARKET REALTY INC. - New
$749,999Active8 beds 5 baths4014 N Leclaire Avenue, Chicago, IL 60641
MLS# 12781180Listed by: HOMESMART CONNECT LLC - New
$100,000Active5 beds 1 baths1,400 sq. ft.11839 S State Street, Chicago, IL 60628
MLS# 12785812Listed by: TOP CARE REALTY LLC - New
$1,200,000Active4 beds 3 baths2,700 sq. ft.909 W Roscoe Street #1, Chicago, IL 60657
MLS# 12785851Listed by: CHICAGOLAND BROKERS, INC. - New
$499,000Active5 beds 3 baths2,500 sq. ft.2123 N Karlov Avenue, Chicago, IL 60639
MLS# 12785950Listed by: GREEN CITY REALTY, INC. - New
$249,900Active4 beds 2 baths1,773 sq. ft.3824 S Calumet Avenue, Chicago, IL 60653
MLS# 12778653Listed by: O W AUCTION GROUP LLC - Open Sat, 12 to 2pmNew
$172,000Active5 beds 1 baths6544 S Damen Avenue, Chicago, IL 60636
MLS# 12785899Listed by: KELLER WILLIAMS PREFERRED RLTY - New
$144,900Active3 beds 1 baths1,500 sq. ft.10517 S Cottage Grove Avenue, Chicago, IL 60628
MLS# 12785912Listed by: GENSTONE REALTY - New
$599,000Active3 beds 2 baths2,210 sq. ft.Address Withheld By Seller, Chicago, IL 60637
MLS# 12664813Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - Open Fri, 4 to 6pmNew
$950,000Active8 beds 3 baths5824 N Ridge Avenue, Chicago, IL 60660
MLS# 12784946Listed by: ASK NAGEL