3716 W Polk Street, Chicago, IL 60624
Local realty services provided by:ERA Naper Realty
3716 W Polk Street,Chicago, IL 60624
$315,000
- 9 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: monica poland
Office: re/max 10 lincoln park
MLS#:12718929
Source:MLSNI
Sorry, we are unable to map this address
Price summary
- Price:$315,000
About this home
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....
Contact an agent
Home facts
- Year built:1897
- Listing ID #:12718929
- Updated:October 12, 2026 at 07:40 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:18
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Radiator(s)
Structure and exterior
- Year built:1897
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$315,000
- Tax amount:$4,658 (2023)
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 3716 W Polk Street
- New
$295,000Active4 beds 2 baths3,729 sq. ft.8020 S Muskegon Avenue, Chicago, IL 60617
MLS# 12771736Listed by: COLDWELL BANKER REALTY - New
$519,999Active5 beds 2 baths2510 N Rutherford Avenue, Chicago, IL 60707
MLS# 12782142Listed by: KELLER WILLIAMS SUCCESS REALTY - New
$160,000Active6 beds 2 baths5529 S Winchester Avenue, Chicago, IL 60636
MLS# 12770653Listed by: CENTURY 21 IMPACT - New
$499,900Active3 beds 3 baths1,100 sq. ft.3318 N Page Avenue, Chicago, IL 60634
MLS# 12782892Listed by: ZERILLO REALTY INC. - New
$318,000Active3 beds 2 baths1,500 sq. ft.4355 W Potomac Avenue, Chicago, IL 60651
MLS# 12741323Listed by: KORAL REALTY - New
$709,000Active3 beds 3 baths1450 W Erie Street #1E, Chicago, IL 60642
MLS# 12769038Listed by: COMPASS - New
$330,000Active4 beds 4 baths1,739 sq. ft.7846 S Saint Lawrence Avenue, Chicago, IL 60619
MLS# 12775833Listed by: EXP REALTY - New
$259,000Active2 beds 2 baths1,400 sq. ft.5000 S Cornell Avenue #14B, Chicago, IL 60615
MLS# 12781332Listed by: COMPASS - New
$250,000Active7 beds 2 baths646 N Lorel Avenue, Chicago, IL 60644
MLS# 12782810Listed by: BAIRD & WARNER - New
$365,900Active4 beds 3 baths1,574 sq. ft.6732 S Dorchester Avenue, Chicago, IL 60637
MLS# 12782771Listed by: COMPASS
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.