Active
2931 LEXINGTON Street
Chicago, IL 60612
$574,900
8beds
3baths
—sqft
Anything from "is it priced right?" to "what's the catch?"
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About this home
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!
MLS Description — as provided by the listing brokerage.
Location
The facts
Property typeResidential Income
Year built1904
Age band100+ Years
Total parking4
Lot dimensions30X125
AreaCHI - East Garfield Park
Bedrooms (total)8
Annual tax$6,634
First listedApr 30, 2026
Parcel #16133100100000
CountyCook
MLS #MRD12629045
Days on market1
Photos34
Features
Heating
Natural Gas
Parking
Off StreetYesOwned
Construction
Brick
Sewer
Public SewerStorm Sewer
Mentioned in description
dwello's AI pulled these details from the agent's listing description. Each is a direct quote — verify anything critical with the agent.
- ✨ Updated Kitchen “The kitchens are designed to impress with stainless steel appliances, and shaker cabinetry, creating a clean, modern culinary feel.”
- ✨ Open Floor Plan “All units offer an open-concept living space that are filled with natural light.”
Listed by
Baird & Warner
Daniel DePaepe · 773-294-4250
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/30/2026, 11:30:03 PM. All data should be independently verified.
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