2931 W LEXINGTON Street, Chicago, IL 60612
Cook County
Key Facts
Description
This is an exceptional opportunity as an investor or owner-occupant to buy a move-in ready, income-producing all brick 3-unit property. Perfectly positioned in a rapidly growing pocket of East Garfield Park, this property is just steps from the highly anticipated United Center 1901 Project. This well-maintained building offers sharp finishes that has income producing tenants in place. Units 2 and 3 each feature spacious 3-bedroom, 1-bath layouts, while Unit 1 is a 2-bedroom, 1-bath layout. All units offer an open-concept living space that are filled with natural light. The kitchens are designed to impress with stainless steel appliances, and shaker cabinetry, creating a clean, modern culinary feel. Each unit also enjoys access to private rear decks, adding both lifestyle appeal and rental value. Designed for efficiency and ease of ownership, the property includes separate furnaces with tenants responsible for their own gas and electric, along with individual washer and dryer setups for each unit located in the shared basement. ADU or duplex down to increase cash flow as the basement offers 7'5" ceiling height and 2 egresses offering incredible upside. Outside, a dedicated parking pad accommodates up to four vehicles/ tandem. Ideally located just a short walk to the Western Blue Line Station and minutes from the Illinois Medical District, downtown, and neighborhood amenities including Pete's Fresh Market. This property checks every box! Incredibly LOW property taxes - no homeowner's exemption applied - make this an affordable, high-performing investment. Whether you're a seasoned investor or a first-time buyer, this property delivers income, long-term appreciation, and unmatched versatility. Don't miss your opportunity to own in one of Chicago's fastest-growing corridors!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1904
Lot Dimensions
30X125
Parking Spaces
4
Ownership
Fee Simple
Zoning
MULTI
Days on Market
49
MLS® Listing#
12629045
Property Features
Heating
Basement
Parking
Construction
Foundation
Sewer
Water Source
Financial Details
Annual Taxes
$6,634
Tax year 2024
Parcel Number
16133100100000
Directions
California Ave to LEXINGTON, W to PROPERTY
Affordability Calculator
$114,980
Estimated monthly payment
$3,060/mo
Principal $459,920 · Est. interest $641,629 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $387,475
- Median Listing Price
- 32
- Median Days on Market
- 1,406
- Median Sq Ft
- $283
- Median Price / Sq Ft
- 4,255
- Active Listings
- This home’s price is 48% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Kellman Corporate Community Elementary
Elementary · 0.1 mi away
Altus Academy
School · 0.1 mi away
Manley Career Academy High School
Secondary · 0.1 mi away
Chicago Public Schools
School · 0.2 mi away
Jensen Elementary Scholastic Academy
Elementary · 0.2 mi away
Learn Charter School Network
School · 0.4 mi away
Chalmers School of Excellence
Elementary · 0.5 mi away
Calhoun North Elementary School
Elementary · 0.5 mi away
Alain Locke Charter School
School · 0.5 mi away
North Lawndale College Prep High School
School · 0.5 mi away
Collins Academy High School
Secondary · 0.5 mi away
Power House High School
Secondary · 0.6 mi away
DRW College Prep
Secondary School · 0.6 mi away
Marshall Metropolitan High School
Secondary · 0.6 mi away
Saic at Homan Square
School · 0.6 mi away
Learn Charter School
Elementary · 0.7 mi away
Johnson Elementary School
Elementary · 0.7 mi away
Faraday Elementary School
Elementary · 0.7 mi away
Ombudsman Educational Services
Secondary · 0.7 mi away
St Agatha Catholic Academy
School · 0.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6961 S Eberhart Avenue, Chicago, IL | $409,000 | 7 | 2 | — |
| 625 N MONTICELLO Avenue, Chicago, IL | $409,000 | 9 | 4 | — |
| 1447 W Garfield Boulevard, Chicago, IL | $409,900 | 7 | 3 | — |
| 7751 S Phillips Avenue, Chicago, IL | $415,000 | 7 | 4 | — |
| 5718 S Sangamon Street, Chicago, IL | $415,000 | 10 | 3 | — |
| 4837 S Long Avenue, Chicago, IL | $418,900 | 7 | 2 | 1,700 |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Baird & Warner - 7733266500
Last Updated: 2026-04-30