3716 W Polk Street, Chicago, IL 60624
Local realty services provided by:Better Homes and Gardens Real Estate Connections
3716 W Polk Street,Chicago, IL 60624
$334,900
- 9 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: monica poland
Office: re/max 10 lincoln park
MLS#:12698613
Source:MLSNI
Price summary
- Price:$334,900
About this home
INVESTOR ALERT! VALUE-ADD OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and rehabbers looking for their next value-add opportunity! This rapidly growing neighborhood continues to experience exciting redevelopment, making this an exceptional opportunity for a complete renovation with tremendous upside. This oversized 3-story brick three-flat features three spacious 3-bedroom units, a full unfinished basement, and is perfectly positioned directly across from a neighborhood school on a quiet residential block. Conveniently located near transportation, shopping, parks, schools, and everyday conveniences, this property is ideally situated in one of East Garfield Park's most active and closely watched investment communities. This property presents exceptional upside for the right buyer and is ready for a complete renovation. Investors, developers, and rehabbers will immediately recognize the opportunity to reimagine this oversized three-flat and create significant long-term value. The full unfinished basement adds another layer of potential, offering exciting possibilities for future expansion. Whether transformed into additional living space, enhanced amenities, or explored as a potential income-producing opportunity, the lower level provides tremendous flexibility for buyers looking to increase the property's overall value, equity, and future 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, forced-air heating, 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, and improve long-term investment performance. These strategic improvements have the potential to increase efficiency, strengthen cash flow, and further enhance the property's long-term value. The property is being sold AS-IS. The buyer will be responsible for all required city 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 with this combination of size, location, and redevelopment potential are becoming increasingly difficult to find. Whether you're expanding your portfolio, planning your next redevelopment project, or searching for your next value-add opportunity, this oversized brick three-flat offers the foundation to create something truly exceptional. Bring your vision. Execute your plan. Unlock the full potential of this outstanding investment opportunity....
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Home facts
- Year built:1897
- Listing ID #:12698613
- Updated:July 10, 2026 at 02:03 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:18
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Electric, Natural Gas
Structure and exterior
- Year built:1897
- Lot area:0.07 Acres
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$334,900
- 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
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