Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12629045MLS Provider

2931 W LEXINGTON StreetChicago, IL 60612

Multi-Family · 8 Beds
$574,900 Active

2931 W LEXINGTON Street Overview

Time on Site:
60 days
Visits:
0

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!

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2931 W LEXINGTON Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1904

Location/Region

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

Tax Information

  • Tax Annual Amount: $6,634.00
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 16133100100000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 3
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 3

General Information

  • Basement: Unfinished, Full
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas
  • Rooms Total: 17

Exterior

Parking Information

  • Parking Features: Off Street, Yes, Owned
  • Parking Total: 4

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 30X125
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer, Storm Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1500
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1700
  • Beds Total: 3
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1700
  • Beds Total: 3
  • Baths Total: 1

2931 W LEXINGTON Street Neighborhood

Community

60612 (CHICAGO) Demographics

34
Median Age
8,600
Population Density (per sq. mile)
45%
College Educated
$44,538
Estimated Median Income
3,770
Estimated Total Home Owners
9,430
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
2
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.

2931 W LEXINGTON Street Monthly Cost

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* 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.

2931 W LEXINGTON Street Market Data

Based on the last 30 days in this zip code

$595,193
Average List Price
$390
Average Price per Square Foot
18
Properties Sold
93
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

2931 W LEXINGTON Street History

Date Event Value Agent
5/5/2026Source: MRED Status Change
Active
4/30/2026Source: MRED Added to Database
April 30, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022