$385,000

3823 W Lexington Street, Chicago, IL 60624

7 beds |
3 baths

Multi-Family Home
Built in 1890
3,049sqft lot
—— car garage
$——/sqft
Listed 25 days ago

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.

Listing Status:: Active
Data Last Updated:: October 11, 2026 at 2:19AM
Listing Office:: Compass : 312-733-7201
Listing Agent:: Vasil Vulic : 847-510-8133
MLS ID:: 12759313

Basement: Partially FinishedFull
Heating: Natural GasForced Air

Parking: Off AlleyYesOwnedParking spaces: 2

Originating MLS: mred
School District: 299
County: Cook

Zoning: MULTI16143100150000

Water: Lake MichiganPublic
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Vasil Vulic , Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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