331 S Richmond Street, Chicago, IL 60612

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
331 S Richmond Street,Chicago, IL 60612
$575,000
  • 7 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: manuel gonzalez, alejandro diaz
Office: realty of america
MLS#:12795866
Source:MLSNI

Price summary

  • Price:$575,000

About this home

Excellent investment opportunity in Chicago's East Garfield Park neighborhood! This three-unit property offers strong income-producing potential with extensive improvements throughout, including updated plumbing and electrical systems, new flooring, updated tile, fresh paint, newer boilers, and a newer furnace. Two of the three units have been recently renovated, while the third is currently tenant-occupied, providing an opportunity for immediate rental income. The property features an enclosed metal fence and convenient access to major expressways, public transportation, and downtown Chicago. All three units offer potential for participation in the Housing Choice Voucher program, subject to applicable program requirements and approvals. Investors may also explore the possibility of converting the property into three individual condominium units, subject to municipal approvals and applicable legal requirements. Whether you're looking to expand your rental portfolio or explore future...

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Home facts

  • Year built:1898
  • Listing ID #:12795866
  • Updated:November 09, 2026 at 12:17 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:11
  • Basement Description:Finished, Full

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1898
  • Lot area:0.07 Acres

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$575,000
  • Tax amount:$7,712 (2024)

Parking

  • Total parking spaces:1
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