3034 W 38th Place, Chicago, IL 60632
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3034 W 38th Place,Chicago, IL 60632
$474,900
- 9 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:carlos matos
Office:core realty & investments inc.
MLS#:12453484
Source:MLSNI
Price summary
- Price:$474,900
About this home
Rare, Cash-Flowing 4-Unit in Red-Hot Brighton Park! This incredibly spacious and fully legal 4-unit brick building in the heart of Brighton Park offers a rare opportunity to own a cash-positive investment property. When fully rented, this property generates positive cash flow even after mortgage payments. The property is in high demand-vacancies typically generate 100+ inquiries, and two units are already occupied by excellent long-term tenants. The other two units are move-in ready, allowing the new owner the flexibility to live on-site or lease them out immediately. The owner, a retiring investor with a long and successful portfolio history, has made extensive updates, including:Exterior masonry renovations in 2022: (tuckpointing, parapet wall, coping tiles, chimney, and roof repairs);Most windows replaced in 2013-2014; New flooring in one unit (2025); New furnaces in rear second-floor unit (2021 & 2022); Two water heaters replaced (2019 & 2020); Boilers replaced in 2014 & 2019; Electrical service upgraded in 2013, with new outlets run to every room in each 2-bedroom unit. Additional features include: 4 large storage units (one for each apartment); 4 parking spaces generating extra income; Separate utilities: Each unit is separately metered for gas and electric-tenants pay their own utilities; Zoned for 4 units - fully legal in the City of Chicago There is also a basement space with additional finished living area (including a kitchen, living room, full bath, and bedroom) that may serve as related living. Discuss with your agent how best to present this space depending on financing requirements. This property will sell fast. Bring your best offer and don't miss your chance to own a turn-key, income-producing building in one of Chicago's most rapidly appreciating neighborhoods.
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Home facts
- Year built:1903
- Listing Id #:12453484
- Added:1 day(s) ago
- Updated:August 23, 2025 at 10:48 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:5
- Full bathrooms:5
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1903
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$474,900
- Tax amount:$5,095 (2023)
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