View All North Lawndale Chicago IL 3-Flats Listings

$799,000
9 Beds 3 Baths 12732165 MLS CONTINGENT Status
Excellent investment opportunity in the heart of Tri-Taylor. This updated legal three-flat is ideally located near the Illinois Medical District, UIC, the Blue Line, I-290, Little Italy, Cinespace Studios and numerous neighborhood developments. The building offers three spacious residences: a 3-bedroom garden unit, a 2-bedroom first-floor unit and a 4-bedroom second-floor unit. Each residence features central HVAC, private laundry, stainless steel appliances, a dishwasher and garbage disposal. All units are currently rented below market, offering meaningful upside. Significant recent improvements include all-new electrical wiring throughout the building, new water heaters in Units B and 1, and a new A/C system serving Unit 2. Additional updates include new flooring and a new dishwasher in Unit 2, fresh paint throughout all three residences, and extensive improvements to the rear exterior wall, including new siding, structural support, plywood, moisture barrier and insulation. The property also features a two-car garage with additional storage, fenced front and rear yards, a shared patio and a new walkway connecting the alley entrance to the rear outdoor space. With substantial recent capital improvements, under-market rents and strong demand driven by nearby universities, hospitals, transportation and employment centers, this is an attractive opportunity for an investor or owner-occupant.

2448 W Taylor Street, Chicago

$334,900
9 Beds 3 Baths 12718929 MLS CONTINGENT Status
THE CASH COW!!!! INCOME-PRODUCING INVESTMENT OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and savvy buyers looking for their next income-producing asset! Located in one of Chicago's rapidly growing neighborhoods, this oversized 3-story brick three-flat offers the perfect combination of immediate rental income and tremendous long-term upside. Featuring three spacious 3-bedroom units, the property currently has month-to-month tenants occupying the first and second floors, while the third-floor unit is also livable, offering flexibility for future occupancy or continued rental income. Built with solid bones and a classic brick exterior, this property provides an exceptional foundation for long-term investment. Perfectly positioned directly across from a neighborhood school on a quiet residential block, you'll also enjoy convenient access to transportation, shopping, parks, schools, and everyday amenities\. East Garfield Park continues to experience exciting redevelopment, making this an outstanding opportunity to build equity while generating rental income in one of Chicago's most promising investment corridors. The full unfinished basement presents the property's greatest value-add opportunity, offering exciting possibilities for future expansion, additional living space, enhanced amenities, or other improvements that could further increase the property's overall value and long-term earning potential. Buyers are encouraged to conduct their own due diligence regarding future improvement possibilities. Investors may also wish to explore opportunities to individually meter utilities, install separate gas, and water systems, add individual water heaters for each unit where feasible, and reconfigure utility services to help shift utility responsibilities, reduce owner operating expenses, improve efficiency, strengthen long-term cash flow, and maximize the property's investment performance. The property is being sold AS-IS and is subject to violation case the City of Chicago. Also, subject to any tenants. The buyer will assume responsibility for complying with all City of Chicago inspections, municipal requirements, property clean-out, and any repairs. No survey or seller disclosures will be provided. Proof of funds or a lender pre-approval letter must accompany all offers. Taxes will be prorated at 100%, and all earnest money must be submitted in certified funds. Room counts, dimensions, lot size, and other property details are believed to be accurate but are not guaranteed. Properties offering immediate rental income, spacious unit layouts, solid brick construction, and exceptional value-add potential are becoming increasingly difficult to find. Whether you're expanding your investment portfolio, seeking a cash-flowing asset with future upside, or searching for your next strategic acquisition, this oversized brick three-flat delivers an exceptional opportunity to create long-term wealth while capitalizing on the continued growth of East Garfield Park. Bring your vision, maximize its potential, and make this outstanding investment your next success story.

3716 W Polk Street, Chicago

$458,420
5 Beds 2 Baths 12523295 MLS CLOSED Status
INTERESTED???!!! WE'RE STILL ACCEPTING SHOWINGS DURING A/I REVIEW. PLEASE SCHEDULE YOUR SHOWING TO BE NEXT IN LINE TO SNAG THIS MOVE IN READY 2-FLAT BEAUTY! Step right up into this fully renovated LEGAL 2 FLAT gem in the heart of the rapidly appreciating near-West side! Every detail has been modernized. This classic 1919 two-unit brick building offers a compelling investment or owner-occupant opportunity in the 60612 ZIP code. 3 bed / 1 bath rental comps at $1900-$2000/month. 2 bed / 1 bath rental comps at $1600-1700. Conservative estimated rental income is $3,500 (not including parking spaces). | Estimated Annual Rental Income: $42,000. Two spacious units - each boasting formal living and dining rooms, giving owners or tenants generous scale and upgraded character. Interior finishes include refinished hardwood floors, new vinyl windows, and new light fixtures. Both units showcase brand-new kitchens with modern cabinetry and quartz counter-tops, paired with newly-upgraded bathrooms with a huge walk in shower. Systems are fully upgraded: new separate furnaces and AC units, updated plumbing and electrical throughout. Full basement with concrete slab offers excellent opportunity to add additional rooms/garden unit or use for storage or utility space. Two exterior and dedicated parking spaces add value and convenience. Exceptional location: Just minutes from downtown Chicago, steps from I-290/90 for quick access, and in close proximity to major activity hubs including University of Illinois at Chicago (UIC), Rush University and the heart of the Medical District. Square footage by unit is estimated - buyer to confirm actual measurements. MOTIVATED SELLER - make this turn-key 2 flat yours!

2914 W Polk Street, Chicago

$515,000
8 Beds 3 Baths 12497730 MLS CLOSED Status
SUPER AFFORDABLE Opportunity with LOW Property taxes |$3,811 without a homeowner's exemption | This fully gut-rehabbed, permitted LEGAL 2-FLAT offers 3 finished income-producing units and is located in Chicago's rapidly appreciating West Side corridor. Conservative three-bedRM Rental comp located at 2921 W Jackson | MLS#12338227 | 3bed/1bath | rented for $1,900. While a two-bedrm (without den) rented rented for $1,995, see comp:3328 W Congress Pkwy, Unit 1 | MLS# 12440357. Conservative Estimated Monthly Rental Income: $1900+1900+1800 (not including parking spaces) $5,600 |Estimated Annual Rental Income: $67,200. This classic Chicago red-brick building offers timeless curb appeal, solid masonry construction, and architectural elements investors and tenants love; 10-ft ceilings, redesigned open-concept floor plans, oversized windows, and restored character balanced with modern upgrades. The property features three turnkey units (1st & 2nd floor units: 3bd/1ba + basement: 2bd+den/1ba). Each unit has been fully updated with brand-plumbing, electrical, separate furnaces, separate water heaters, individual electrical panels, and in-unit washer/dryer hook-ups. Designed for maximum efficiency to support tenant comfort, minimize vacancies, and streamline property management. Stylish modern finishes, redesigned layouts, and move-in-ready condition make this asset ideal for securing premium rents. Spacious rear decks extend the living space, adding tenant appeal and additional value. Located in a highly appreciating West Side neighborhood positioned for continued rental demand and property value growth, with proximity to downtown, transit, major expressways, medical district expansion, and ongoing regional investment. As rents rise and redevelopment continues throughout surrounding communities, this building offers both strong cash-flow potential and long-term appreciation upside. Whether you're an investor seeking a completely rehabilitated, low-maintenance asset, or an owner-occupant looking to house-hack with major rental income, this property delivers the perfect blend of historic character, modern efficiency, and scalable income potential. A rare turnkey multi-unit opportunity not to be missed.

3037 W Lexington Street, Chicago

$380,000
7 Beds 3 Baths 12465530 MLS CLOSED Status
Step into this timeless Chicago 3-flat, where stunning original woodwork meets thoughtful modern upgrades. Perfect for both investors and owner-occupants, the property features two tenant-occupied units and one owner-occupied unit. Garden & 1st Floor Units: Each with 2 bedrooms and 1 full bath 2nd Floor Unit: 3 spacious bedrooms and 1 full bath The building offers plenty of charm with large storage space in the basement and convenient mud rooms off the back staircases for the above-ground units. Each apartment includes a unique built-in wooden shelf that opens into a generous kitchen pantry, while the 1st and 2nd floors also boast beautiful built-in dining room hutches with glass cabinetry. Throughout the building, you'll find original wood doorways, doors, and windows that showcase the craftsmanship of a true Chicago classic. Recent updates bring peace of mind, including a new roof (2021), updated plumbing (2020), and new flooring. Situated just steps from the Pink Line and the bustling intersection of Pulaski & Cermak, this property offers unmatched convenience to transit, shopping, dining, and more. With strong rental income potential and undeniable historic charm, this 3-flat is a rare opportunity to grow your portfolio or enjoy the benefits of multi-unit living in the heart of Chicago. Tenants would like to stay leases expire Nov 1, 2025. Perfect for a fresh start with a lease set by new owner(s) and to collect new security deposit(s). Owner pays Water/sewer/garbage for building and owners unit every OTHER month estimated $140-$160. Electric for common, owners unit, and garage is estimated at $160/monthly and Insurance for building and owners unit is estimated $307/monthly. Tenants pay electric/gas. ** Please reach out to listing agent for Rental information.

4122 W Cermak Road, Chicago

$460,000
5 Beds 3 Baths 12423609 MLS CLOSED Status
FOR SALE: Stunning 2-Unit Stone & Brick 2-Flat | Prime Location Near Pink Line. Welcome to this beautifully maintained stone, limestone & brick 2-flat in a highly desirable North Lawndale - just feet from the Pink Line and minutes from downtown! This spacious property features a total of 5 bedrooms & 3 full baths, ideal for both owner-occupants and investors alike. Property Highlights: Solid stone, limestone & brick construction. Newer roof (under 3 years old), newer windows throughout. First-floor duplex with the basement (currently rented, month-to-month). Second-floor unit is vacant and move-in ready. Each unit offers generous living space, full kitchens, and plenty of natural light. Unbeatable Location: Just steps from the Pink Line station. Easy access to multiple bus routes. Quick 10-minute train ride to downtown Chicago. Minutes from Rush Hospital, Stroger Hospital, and other major medical centers. Close to shopping, dining, and entertainment. Investment Potential: Perfect for an owner-occupant looking to live in one unit and rent the other. Current tenant is month-to-month - flexibility to re-rent, occupy both units, or set your own terms. Turnkey investment with strong rental income potential. Don't miss this opportunity to own a solid, well-maintained multi-unit property in an ultra-convenient location. Whether you're looking to house hack or expand your rental portfolio, this property checks all the boxes!

1939 S Sawyer Avenue, Chicago

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North Lawndale, Chicago IL · Curated MLS Search

3-Flats in North Lawndale, Chicago IL

An editorially curated view of every active 3-flats listing in North Lawndale, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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