2714 W Lexington Street, Chicago, IL 60612
Local realty services provided by:CENTURY 21 New Beginnings
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 14, 2026 at 11:13 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
$1,195,000Active3 beds 3 baths2,100 sq. ft.4913 N Damen Avenue #3, Chicago, IL 60625
MLS# 12754633Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - Open Sat, 10 to 11:30amNew
$385,000Active2 beds 1 baths2570 W Lyndale Street #2, Chicago, IL 60647
MLS# 12755771Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$449,000Active5 beds 2 baths644 W 49th Street, Chicago, IL 60609
MLS# 12758450Listed by: CHICAGOLAND BROKERS, INC. - New
$650,000Active3 beds 3 baths1,720 sq. ft.701 S Wells Street #2803, Chicago, IL 60607
MLS# 12758569Listed by: GUTMAN REAL ESTATE - New
$749,747Active3 beds 3 baths2,000 sq. ft.1410 N State Parkway #27B, Chicago, IL 60610
MLS# 12758556Listed by: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO - New
$375,000Active5 beds 2 baths2655 S Drake Avenue, Chicago, IL 60623
MLS# 12755918Listed by: FULTON GRACE REALTY - New
$119,900Active2 beds 2 baths1,200 sq. ft.5423 S Michigan Avenue #3S, Chicago, IL 60615
MLS# 12757573Listed by: COLDWELL BANKER REALTY - New
$739,000Active9 beds 6 baths2449 W Lexington Street, Chicago, IL 60612
MLS# 12758550Listed by: CHICAGO RESIDENCES - New
$1,099,000Active6 beds 4 baths2333 W Ohio Street, Chicago, IL 60612
MLS# 12756776Listed by: EQUITY MARKET REALTY INC. - New
$199,000Active2 beds 1 baths1,000 sq. ft.6935 W 64th Place #2A, Chicago, IL 60638
MLS# 12758379Listed by: REALTY OF AMERICA, LLC