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3823 W Lexington Street Chicago, IL 60624

$385,000
New / MLS# 12759313 / Multi Unit - Multiple / Chicago
7 Beds
3 Baths

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.

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Baird & Warner Jack Persin Agent Cell: 630.240.4282 Email

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Estimated Payment

$ 1,623.77 per month $990.65 Principal & Interest $520.83 Property Tax $112.29 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished, Full
Heating: Natural Gas, Forced Air
Lot Size: 0.07 Acres
Taxes: $6,250
Year Built: 1890

Feature Descriptions

Exterior: Brick, Stone, Limestone
Lot Dimensions: 25X125
Parcel#: 16143100150000
Parking: Off Alley, Yes, Owned
Sewer: Public Sewer
Total Rooms: 13
Township: West Chicago
Water: Lake Michigan, Public

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Compass

Listing Office Phone: 312-733-7201



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