Contact us: 563.441.1776
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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 7
Bathrooms: 3
County: Cook
Listed By:
Compass
312-733-7201
MRED MLS
MLS ID: 12759313
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3823 W Lexington Street, Chicago, IL 60624.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $385,000 | $385,000 | $385,000 |
| Down Payment | $77,000 | $13,475 | $96,250 |
| Monthly Mortgage Amount | $2,049 | $2,515 | $2,515 |
| Taxes | $536 | $536 | $536 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $169 | $0 |
| Monthly Estimated Total | $2,697 | $3,332 | $3,163 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/26/2026. The listing information on this page last changed on 09/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 09/26/2026 12:01:28 AM EST) or MRED MLS (last updated Fri 09/25/2026 11:55:02 PM EST) or SCWMLS (last updated Fri 09/25/2026 11:55:20 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 09/25/2026 10:22:27 PM EST) or Cedar Rapids MLS (last updated Fri 09/25/2026 10:44:16 PM EST) or NEIRBR MLS (last updated Fri 09/25/2026 11:58:41 PM EST) or ICAAR MLS (last updated Fri 09/25/2026 11:37:29 PM EST) or ECIMLS (last updated Fri 09/25/2026 11:44:34 PM EST) or RMLSA (last updated Fri 09/25/2026 11:50:57 PM EST) or Muscatine MLS (last updated Sat 09/26/2026 12:00:11 AM EST) or No Coast MLS (last updated Fri 09/25/2026 11:54:23 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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