2714 W Lexington Street, Chicago, IL 60612
Local realty services provided by:ERA Partners
2714 W Lexington Street,Chicago, IL 60612
$464,900
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: josh reighard, gonzalo del rio
Office: baird & warner
MLS#:12672523
Source:MLSNI
Price summary
- Price:$464,900
About this home
This classic Chicago greystone two-flat in the West Side checks every box for the value-add investor or owner-occupant: updated systems, below-market rents, and a neighborhood in the middle of a real transformation. With iconic bay window architecture, solid masonry construction, and a freshly updated profile from foundation to roof, this building is ready for its next chapter. Major improvements completed in 2026 mean the heavy lifting is already done. Two brand-new water heater tanks, a fully resurfaced roof, and structural reinforcements give the next owner the confidence to walk in and focus on upside rather than repairs. The foundation is solid, the systems are fresh, and the returns are within reach. The building offers strong income potential across three levels. Unit 2 features three bedrooms, one bath, and original hardwood floors. Unit 1 offers two bedrooms, one bath, and a flexible layout. The semi-finished basement includes a living room, bedroom, full bath, half-bath, and rough plumbing for a future kitchen, making it a natural candidate for a duplex-down conversion or in-law suite. Both units are currently tenant-occupied on month-to-month leases at below-market rents, meaning day-one income with immediate room to grow. Raise rents to market rate, activate the basement conversion, or house-hack and let your tenants cover your mortgage. The location only adds to the case. Minutes from the Illinois Medical District, Little Italy, Garfield Park Conservatory, and Cinespace Chicago Studios, this property sits in the path of serious capital. The $7 billion United Center 1901 Project is just five minutes away and accelerating demand across the entire west side corridor. Easy access to I-290 and the CTA Blue Line keeps tenants happy and vacancy low. Seller is a licensed real estate broker in the State of Illinois....
Contact an agent
Home facts
- Year built:1893
- Listing ID #:12672523
- Updated:August 12, 2026 at 10:28 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:11
- Basement Description:Partial, Partially Finished
Heating and cooling
- Heating:Natural Gas, Steam
Structure and exterior
- Year built:1893
- Architectural Style:Greystone
Schools
- High school:Manley Career Academy High Schoo
- Middle school:Jensen Elementary School Olastic
- Elementary school:Jensen Elementary School Olastic
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$464,900
- Tax amount:$5,848 (2024)
Parking
- Total parking spaces:2
- Parking description:Assigned
New listings near 2714 W Lexington Street
- New
$975,000Active4 beds 4 baths2,971 sq. ft.6552 N Oxford Avenue, Chicago, IL 60631
MLS# 12728531Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$1,369,000Active3 beds 3 baths2,900 sq. ft.505 N Lake Shore Drive #5104-5, Chicago, IL 60611
MLS# 12730475Listed by: CHARLES RUTENBERG REALTY - New
$639,900Active2 beds 2 baths1760 W Wrightwood Avenue #305, Chicago, IL 60614
MLS# 12730629Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - Open Sun, 11am to 3pmNew
$899,900Active3 beds 3 baths1081 N Marshfield Avenue #1, Chicago, IL 60622
MLS# 12731186Listed by: JAMESON SOTHEBY'S INTL REALTY - Open Sat, 1 to 3pmNew
$399,000Active6 beds 2 baths2,000 sq. ft.3836 W 85th Street, Chicago, IL 60652
MLS# 12731658Listed by: REMAX LEGENDS - New
$329,900Active1 beds 1 baths939 W Madison Street #504, Chicago, IL 60607
MLS# 12731700Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - Open Thu, 10am to 3pmNew
$525,000Active1 beds 1 baths1,031 sq. ft.850 N Lake Shore Drive #1306, Chicago, IL 60611
MLS# 12731705Listed by: WOLF RESIDENTIAL GROUP LLC - Open Sat, 1 to 3pmNew
$574,990Active2 beds 2 baths1,400 sq. ft.2040 W Belmont Avenue #308, Chicago, IL 60618
MLS# 12731720Listed by: COMPASS - New
$495,000Active2 beds 2 baths1,100 sq. ft.420 W Ontario Street #410, Chicago, IL 60654
MLS# 12689805Listed by: BAIRD & WARNER - New
$435,000Active9 beds 3 baths5931 S Elizabeth Street, Chicago, IL 60636
MLS# 12725220Listed by: KELLER WILLIAMS ONECHICAGO