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3823 West Lexington Street

Chicago IL 60624

7
3
2
0.07 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

7 bedrooms
3 bathrooms
2 carspaces
0.07 ac. lot size
Multi-Family

Property history for 3823 West Lexington Street

2023
Sold
$299,000
02 Jun 2023 by David Jaracz, of Savvy Properties Inc
2021
Sold
$84,000
12 Feb 2021 by Veronica Tapia, of Tapia Realty, Inc.

Happy sellers in Chicago

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We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for 7 bedroom multi families in Chicago

In the last 12 months, 28 seven-bedroom multi families similar to 3823 West Lexington Street, have been sold.

This represents a 4% decrease in seven-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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