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$ 385,000
Est. payment /mo
New
3823 W Lexington ST Chicago, IL 60624
7 Beds
3 Baths
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12759313
Bedrooms 7
Year Built 1890
Annual Tax Amount $6,250
Tax Year 2025
Lot Size 3,049 Sqft
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Welcome to 3823 W Lexington St, a brick and limestone 2-flat offering an excellent opportunity for an investor or owner-occupant looking to build long-term rental income. Situated on a standard 25' x 125' Chicago lot, this multifamily property offers two residential units, additional lower-level space, and two rear parking spaces. The property provides an opportunity to generate income from multiple living spaces while offering investors the potential to increase cash flow over time through continued rental growth and improvements. The building has benefited from prior renovations, including updated windows, and features a newer furnace installed in 2022. The property currently offers an attractive combination of established rental income and future upside. The lower-level garden unit provides additional potential for a buyer interested in exploring future legalization and expansion of the property's income-producing capacity. Buyer to independently verify the legality, permitted use, and requirements associated with the lower-level space. Located in West Garfield Park, the property is positioned in an area that provides an accessible entry point for investors seeking a multifamily asset with room for long-term growth. With its multi-unit configuration, existing rental income, rear parking, and potential for additional income, 3823 W Lexington presents an opportunity for an investor looking beyond traditional single-family properties.
Location
State IL
County Cook
Area Chi - West Garfield Park
Zoning MULTI
Rooms
Basement Partially Finished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick,Stone,Limestone, No
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick,Stone,Limestone
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Vasil Vulic of Compass