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Listing provided courtesy of @properties Christie's International Real EstateMREDas Distributed by MLSGrid- MLS# 12541802MLS Provider

3948 W Congress ParkwayChicago, IL 60624

Multi-Family · 10 Beds
$600,000 Price Change

3948 W Congress Parkway Overview

Time on Site:
174 days
Visits:
1

Thriving cash flow at this investor's dream in Garfield Park! Exceptionally large LEGAL 4-UNIT, all brick building includes four updated apartments and one in-law suite, with newer kitchens, bathrooms, windows, plumbing, and electrical. Each unit is supplied with appliances, W/D, water heater, and furnace. There are two 4-Bed/2-bath apartments, showcasing vintage fireplace charm, a sunroom with an open southern view, and additional living space/closets throughout. Two apartments (1-bed/1-bath, 2-bed/1.5-bath) share the 3rd floor and were also recently updated, with newer utilities, appliances, and washer/dryer. The legal garden unit (1 bed/1 bath) off the front entranceway was rehabbed as well and is a solid income earner. All-brick two-car garage in back. Sold AS-IS. Great location for long/short term tenants-Steps from the Pulaski Blue-line, 290, and Garfield Park.

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3948 W Congress Parkway Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299
  • Elementary School: Melody Elementary School
  • Middle Or Junior School: Melody Elementary School

Income/Expenses

  • Electric Expense: 600
  • Fuel Expense: 1200
  • Gross Income: 81000
  • Insurance Expense: 6120
  • Maintenance Expense: 3600
  • Net Operating Income: 65280
  • Trash Expense: 1800
  • Water Sewer Expense: 2400

Building Information

  • New Construction: No
  • Year Built: 1920

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Garfield Park
  • Township: West Chicago

Tax Information

  • Tax Annual Amount: $6,558.48
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 16141120200000
  • Property Type: Residential Income
  • Special Listing Conditions: List Broker Must Accompany

Interior

Parking Information

  • Half Baths Building: 1
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 8
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 7

General Information

  • Basement: Partially Finished, Full
  • Heating: Natural Gas
  • Rooms Total: 32

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Garage
  • Parking Total: 2

Lot Information

  • Lot Size Dimensions: 25X125
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1600
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 2000
  • Beds Total: 4
  • Baths Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 2000
  • Beds Total: 4
  • Baths Total: 2

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 1150
  • Beds Total: 1
  • Baths Total: 1

3948 W Congress Parkway Neighborhood

Community

60624 (Chicago) Demographics

34
Median Age
9,901
Population Density (per sq. mile)
17%
College Educated
$25,648
Estimated Median Income
3,326
Estimated Total Home Owners
9,168
Estimated Total Renters
27% / 73%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3948 W Congress Parkway Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3948 W Congress Parkway Market Data

Based on the last 30 days in this zip code

$239,338
Average List Price
$187
Average Price per Square Foot
2
Properties Sold
70
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

3948 W Congress Parkway History

Date Event Value Agent
6/29/2026Source: MRED Price Reduction
$600,000 -2.4%
6/29/2026Source: MRED Status Change
Price Change
6/22/2026Source: MRED Status Change
Active
6/16/2026Source: MRED Price Reduction
$614,999 -1.6%
6/16/2026Source: MRED Status Change
Price Change
6/12/2026Source: MRED Status Change
Re-activated
5/27/2026Source: MRED Status Change
Contingent
5/25/2026Source: MRED Status Change
Active
5/20/2026Source: MRED Price Reduction
$625,000 -1.6%
5/20/2026Source: MRED Status Change
Price Change
4/4/2026Source: MRED Status Change
Active
3/30/2026Source: MRED Price Reduction
$635,000 -2.3%
3/30/2026Source: MRED Status Change
Price Change
1/11/2026Source: MRED Status Change
Active
1/6/2026Source: MRED Added to Database
January 06, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022