3037 W Lexington Street, Chicago, IL 60612
Local realty services provided by:CENTURY 21 New Heritage
3037 W Lexington Street,Chicago, IL 60612
$499,000
- 8 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: karla mina
Office: mpower residential brokerage llc.
MLS#:12497730
Source:MLSNI
Price summary
- Price:$499,000
About this home
SUPER AFFORDABLE Opportunity with LOW Property taxes |$3,811 without a homeowner's exemption | This fully gut-rehabbed, permitted LEGAL 2-FLAT offers 3 finished income-producing units and is located in Chicago's rapidly appreciating West Side corridor. Conservative three-bedRM Rental comp located at 2921 W Jackson | MLS#12338227 | 3bed/1bath | rented for $1,900. While a two-bedrm (without den) rented rented for $1,995, see comp:3328 W Congress Pkwy, Unit 1 | MLS# 12440357. Conservative Estimated Monthly Rental Income: $1900+1900+1800 (not including parking spaces) $5,600 |Estimated Annual Rental Income: $67,200. This classic Chicago red-brick building offers timeless curb appeal, solid masonry construction, and architectural elements investors and tenants love; 10-ft ceilings, redesigned open-concept floor plans, oversized windows, and restored character balanced with modern upgrades. The property features three turnkey units (1st & 2nd floor units: 3bd/1ba + basement: 2bd+den/1ba). Each unit has been fully updated with brand-plumbing, electrical, separate furnaces, separate water heaters, individual electrical panels, and in-unit washer/dryer hook-ups. Designed for maximum efficiency to support tenant comfort, minimize vacancies, and streamline property management. Stylish modern finishes, redesigned layouts, and move-in-ready condition make this asset ideal for securing premium rents. Spacious rear decks extend the living space, adding tenant appeal and additional value. Located in a highly appreciating West Side neighborhood positioned for continued rental demand and property value growth, with proximity to downtown, transit, major expressways, medical district expansion, and ongoing regional investment. As rents rise and redevelopment continues throughout surrounding communities, this building offers both strong cash-flow potential and long-term appreciation upside. Whether you're an investor seeking a completely rehabilitated, low-maintenance asset, or an owner-occupant looking to house-hack with major rental income, this property delivers the perfect blend of historic character, modern efficiency, and scalable income potential. A rare turnkey multi-unit opportunity not to be missed.
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Home facts
- Year built:1890
- Listing ID #:12497730
- Added:33 day(s) ago
- Updated:December 14, 2025 at 03:28 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1890
Schools
- High school:Manley Career Academy High Schoo
- Middle school:Jensen Elementary School Olastic
- Elementary school:Jensen Elementary School Olastic
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,000
- Tax amount:$3,811 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 3037 W Lexington Street
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