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
- Active
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:September 15, 2026 at 11:10 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
$1,650,000Active4 beds 4 baths3,200 sq. ft.Address Withheld By Seller, Chicago, IL 60622
MLS# 12735488Listed by: MERIDIAN REAL ESTATE CHICAGO LLC - New
$160,000Active3 beds 1 baths1,200 sq. ft.8741 S Laflin Street, Chicago, IL 60620
MLS# 12751626Listed by: AJ B.I.G.S. REALTY - New
$130,000Active0.07 Acres2454 W 63rd Street, Chicago, IL 60629
MLS# 12752718Listed by: RESULTS REALTY ERA POWERED - Open Sat, 10:30am to 12:30pmNew
$1,100,000Active4 beds 5 baths3,071 sq. ft.2915 N Rockwell Street, Chicago, IL 60618
MLS# 12759335Listed by: COMPASS - New
$2,899,000Active5 beds 6 baths1834 N Hudson Avenue #2, Chicago, IL 60614
MLS# 12759621Listed by: LAND FAIRY REALTY CORP. - New
$419,500Active4 beds 2 baths960 sq. ft.6215 S Monitor Avenue, Chicago, IL 60638
MLS# 12759625Listed by: REALTY OF AMERICA, LLC - Open Sat, 11am to 1pmNew
$1,150,000Active4 beds 3 baths2907 N Wolcott Avenue, Chicago, IL 60657
MLS# 12759637Listed by: ENGEL & VOELKERS CHICAGO - New
$199,900Active0 AcresAddress Withheld By Seller, Chicago, IL 60649
MLS# 12759647Listed by: GORDON REALTY CO. - Open Sat, 11am to 1pmNew
$220,000Active3 beds 3 baths972 sq. ft.6435 S Artesian Avenue, Chicago, IL 60629
MLS# 12759648Listed by: REALTY OF AMERICA, LLC - New
$10,000Active0 Acres423 W 103rd Street, Chicago, IL 60628
MLS# 12759666Listed by: WIRTZ REAL ESTATE GROUP INC.