2714 W Lexington Street, Chicago, IL 60612
Local realty services provided by:Better Homes and Gardens Real Estate Connections
2714 W Lexington Street,Chicago, IL 60612
$459,500
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Jul 1111:00 am - 01:00 pm
Listed by: josh reighard, gonzalo del rio
Office: baird & warner
MLS#:12699187
Source:MLSNI
Price summary
- Price:$459,500
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 #:12699187
- Updated:July 10, 2026 at 11:09 AM
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:$459,500
- Tax amount:$5,848 (2024)
Parking
- Total parking spaces:2
- Parking description:Assigned
New listings near 2714 W Lexington Street
- New
$1,200,000Active3 beds 3 baths1133 S Wabash Avenue #806, Chicago, IL 60605
MLS# 12662059Listed by: VESTA PREFERRED LLC - New
$3,300,000Active2 beds 4 baths2,500 sq. ft.111 W Maple Street #3402-3404, Chicago, IL 60610
MLS# 12667187Listed by: COMPASS - New
$395,000Active4 beds 2 baths1,100 sq. ft.3123 W Howard Street, Chicago, IL 60645
MLS# 12695971Listed by: REAL BROKER LLC - New
$879,900Active4 beds 4 baths3,555 sq. ft.4906 N Kruger Avenue, Chicago, IL 60630
MLS# 12698496Listed by: HOMESMART CONNECT LLC - New
$249,900Active3 beds 1 baths988 sq. ft.6456 S Lockwood Avenue, Chicago, IL 60638
MLS# 12698979Listed by: PLATINUM PARTNERS REALTORS - Open Sat, 10am to 12pmNew
$650,000Active4 beds 3 baths2,700 sq. ft.5818 W Byron Street, Chicago, IL 60634
MLS# 12699047Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$310,000Active1 beds 1 baths33 W Ontario Street #31C, Chicago, IL 60654
MLS# 12699228Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$700,000Active3 beds 2 baths1,670 sq. ft.100 E 14th Street #1501, Chicago, IL 60605
MLS# 12700056Listed by: COMPASS - New
$2,897,747Active4 beds 4 baths3,320 sq. ft.180 E Pearson Street #7203, Chicago, IL 60611
MLS# 12701195Listed by: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO - New
$1,575,000Active5 beds 4 baths4,300 sq. ft.2638 W Superior Street, Chicago, IL 60612
MLS# 12701208Listed by: RCI REALTY LLC