2737 W Congress Parkway, Chicago, IL 60612
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
2737 W Congress Parkway,Chicago, IL 60612
$249,900
- 10 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:michael applegate
Office:straight-a realty, llc.
MLS#:12346378
Source:MLSNI
Price summary
- Price:$249,900
About this home
***Asking price is only $249,900 - Estimated After-Repair-Value is $677,000*** Incredible opportunity to own a legal 2-flat with a bonus garden apartment in the rapidly developing East Garfield Park (Tri-Taylor) neighborhood-steps from the Western Blue Line, 15 minutes to UIC via I-290, and surrounded by new construction, including the $7B "1901 Project" near the United Center that's set to transform the area with thousands of new residences, parks, retail, and entertainment. The property features a new back porch (2021), roof replaced within the last 6 years, and will be delivered fully vacant at closing. Zoned RM-5 and located in the West ADU zone, it qualifies for conversion into a legal 3-unit under the City's ADU Ordinance-unlocking major value and rental income potential. Renovated 2-units in the area have recently sold for an average of $546,000, while a full 3-unit conversion pushes the estimated after-repair value to $677,000. Renovated 3-4 bedroom apartments in this neighborhood rent for $2,916-$2,974/month, creating a projected rental income of nearly $9,000/month when fully occupied. Whether you're an investor looking for cash flow or an owner-occupant hoping to "house hack" by living in one unit and letting the other two cover most-if not all-of your expenses, this is a smart buy with serious upside. Excellent candidate for an FHA 203k renovation loan-bring your vision and build equity from day one.
Contact an agent
Home facts
- Year built:1901
- Listing Id #:12346378
- Added:113 day(s) ago
- Updated:August 13, 2025 at 07:39 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1901
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$249,900
- Tax amount:$8,825 (2023)
Copyright 2025 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 2737 W Congress Parkway
- Open Sat, 11am to 1pmNew
$399,000Active2 beds 2 baths226 N Clinton Street #227, Chicago, IL 60661
MLS# 12432373Listed by: KELLER WILLIAMS ONECHICAGO - New
$210,000Active1 beds 1 baths3100 N Lake Shore Drive #611, Chicago, IL 60657
MLS# 12439694Listed by: KELLER WILLIAMS ONECHICAGO - New
$325,000Active1 beds 1 baths760 sq. ft.1000 N Kingsbury Street #304, Chicago, IL 60610
MLS# 12446384Listed by: JAMESON SOTHEBY'S INTERNATIONAL REALTY - New
$199,000Active2 beds 2 baths7074 N Ridge Boulevard #1E, Chicago, IL 60645
MLS# 12446416Listed by: COLDWELL BANKER REALTY - New
$199,900Active3 beds 1 baths1,016 sq. ft.7845 S Kilpatrick Avenue, Chicago, IL 60652
MLS# 12446855Listed by: CENTURY 21 NEW BEGINNINGS - New
$250,000Active4 beds 2 baths5805 S La Salle Street, Chicago, IL 60621
MLS# 12447602Listed by: CHARLES RUTENBERG REALTY - New
$449,995Active2 beds 2 baths1560 N Sandburg Terrace #1412J, Chicago, IL 60610
MLS# 12448064Listed by: AMERICORP, LTD - New
$206,000Active6 beds 3 baths2,136 sq. ft.10335 S Hoxie Avenue, Chicago, IL 60617
MLS# 12448506Listed by: BALANOFF REALTY - New
$155,000Active-- beds 1 baths550 sq. ft.1360 N Sandburg Terrace #1209C, Chicago, IL 60610
MLS# 12448780Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$299,900Active3 beds 2 baths3,286 sq. ft.9118 S Marshfield Avenue, Chicago, IL 60620
MLS# 12448835Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each Office is Independently Owned and Operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.