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2714 W Lexington Street, Chicago, IL 60612

$475,000
  • 2714 W Lexington Street, Chicago, IL 60612 Main Photo

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Active
BEDS5 BATHS3 full MLS#12640598
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

Investor and house-hacker alert. Don't miss this rare opportunity to own a piece of authentic Chicago history with serious upside in the East Garfield Park neighborhood. This timeless two-flat greystone features classic bay window architecture and solid masonry construction, offering character you simply cannot replicate in new builds. Unit 2 offers three bedrooms and one bath with original wood floors and trim. Unit 1 offers two bedrooms and one bath, with a flexible layout ideal for converting the front living room into a third bedroom, or the basement section into a duplex-down. The semi-finished basement includes a bedroom, full bath, and rough plumbing for a kitchen stove, making it perfect for a duplex-down conversion or additional living space for an owner-occupant. Major systems were refreshed approximately 12 years ago, including the roof, HVAC, and windows, plus a brand-new water heater installed in 2025. Both units are currently occupied by tenants on month-to-month leases at below-market rents, providing instant cash flow today with a clear path to higher rents tomorrow. The location couldn't be better. You will enjoy quick access to the Illinois Medical District, Roosevelt Square, Little Italy, Garfield Park, Douglass Park, Chicago Hope Academy, Altgeld Park, and Cinespace Chicago Studios. The property also sits near major developments shaping the future of the West Side, including the $7 billion United Center 1901 Project and the Chicago Fire Endeavor Health Performance Center. Easy access to I-290 and CTA transportation makes commuting effortless. Stable income, strong bones, smart location, and massive upside. The time to invest in East Garfield Park is now, before the next wave of development drives prices higher. Schedule your private tour today. Seller is a licensed real estate broker in the State of Illinois.

2714 W Lexington Street | MLS# 12640598

This multi-family property located at 2714 W Lexington Street, Chicago, IL 60612 is currently listed for sale with an asking price of $475,000. W Lexington Street is located within the District 299 school district. Search Chicago real estate on www.mycrr.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partially Finished, Partial
Basement: Yes
Heating: Natural Gas, Steam
Home Style: Greystone
Lot Size: 25 X 125
Taxes: $5,847
Year Built: 1893

Feature Descriptions

Exterior: Brick
Lot Dimensions: 25 X 125
Parcel#: 16134040370000
Parking: Assigned, Yes, Owned
Sewer: Public Sewer
Total Rooms: 11
Township: West Chicago
Water: Lake Michigan

Local Schools

High School: Manley Career Academy High Schoo
Middle School: Jensen Elementary School Olastic
Elementary School: Jensen Elementary School Olastic
School District: District 299

Listed By / Shown By

Listed By

Agency Name: Baird & Warner
Agency Phone: 312-242-1000

Shown By

Agency Title: Charles Rutenberg Realty
Agency Phone: 630-929-1100

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Estimated Payment

$ 3,027.65 per month $2,401.86 Principal & Interest $487.25 Property Tax $138.54 Homeowner's Insurance

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