3517 W Lexington Street, Chicago, IL
  • $600,000

Description

This stately, income-producing legal 3-unit brick building with a fully finished garden unit in Homan Square generates $6,850 in monthly rents, delivering immediate cash flow across four expansive units. With 13 bedrooms and 5 bathrooms, the property offers exceptional scale for both investors and owner-occupants seeking a high-performing house hack. Up to $80,000 in improvements (2024-2025) include new flooring, refreshed bathrooms, newer windows, appliances, and fresh paint throughout. A newer roof and rear deck (2021) further enhance the asset. Unit mix includes: garden unit (2 bed / 1 bath), first floor (4 bed / 2 bath), second floor (4 bed / 1 bath), and third floor (3 bed / 1 bath). Each unit features individual furnaces, with tenants responsible for gas and electricity. Interiors offer bright, airy layouts with windows in every room, oversized living and dining areas, and generously sized bedrooms. Units 2 and 3 feature decorative fireplaces with built-in bookcases, adding character and tenant appeal. Kitchens include modern cabinetry, granite countertops, pantry storage, and appliances. Two rear parking spaces and additional storage provide up to $1,200 in extra annual income. Ideally positioned in a rapidly evolving submarket with easy access to the Medical District, this is a high-confidence acquisition with strong in-place income, recent capital improvements, and long-term upside potential.

  • Listing Courtesy of: Keller Williams Infinity

Details

Updated on June 15, 2026 at 9:31 pm
  • Property ID MRD12608069
  • Price $600,000
  • Bedrooms 13
  • Year Built 1920
  • Property Type Multi Family
  • Property Status Hold
  • Parking Total 2
  • Parcel Number 16144080170000
  • Water Source Lake Michigan
  • Sewer Public Sewer
  • Architectural Style Brownstone
  • MLS Status Temporarily No Showings
  • Days On Market 15
  • Cumulative Days On Market 17
  • Tax Annual Amount 6452.82
  • Heating Natural Gas
  • Parking Features Off Alley,Yes,Owned
  • Directions Homan to Lexington, West to the property.
  • Zoning MULTI
  • Address 3517 W Lexington Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60624
  • Country United States

Overview

Property ID: MRD12608069
  • Multi Family
  • Property Type
  • 13
  • Bedrooms
  • 1920
  • Year Built

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