2737 West Congress Parkway

Chicago IL 60612

Multi-Family

Last sold for $240,000

Michael Applegate, last sold this property on 05 December 2025 after 594 days on market.

Overview

***Asking price is only $249,900 - Estimated After-Repair-Value is $677,000*** Incredible opportunity to own a legal 2-flat with a bonus garden apartment in the rapidly developing East Garfield Park (Tri-Taylor) neighborhood-steps from the Western Blue Line, 15 minutes to UIC via I-290, and surrounded by new construction, including the $7B "1901 Project" near the United Center that's set to transform the area with thousands of new residences, parks, retail, and entertainment. The property features a new back porch (2021). The propery is fully vacant! Zoned RM-5 and located in the West ADU zone, it qualifies for conversion into a legal 3-unit under the City's ADU Ordinance-unlocking major value and rental income potential. Renovated 2-units in the area have recently sold for an average of $546,000, while a full 3-unit conversion pushes the estimated after-repair value to $677,000. Renovated 3-4 bedroom apartments in this neighborhood rent for $2,916-$2,974/month, creating a projected rental income of nearly $9,000/month when fully occupied. Whether you're an investor looking for cash flow or an owner-occupant hoping to "house hack" by living in one unit and letting the other two cover most-if not all-of your expenses, this is a smart buy with serious upside. Excellent candidate for an FHA 203k renovation loan-bring your vision and build equity from day one. ***The property is fully vacant***

Features

10 bedrooms

5 bathrooms

2 carspaces

Multi-Family

Estimated Value

We need at least 3 similar 10 bedroom multi families sold in Chicago over the last 12 months.

Property history for 2737 West Congress Parkway

2025

Sold

$240,000

05 Dec 2025 by Michael Applegate, of Straight-A Realty, LLC

Happy sellers in Chicago

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