2714 W Lexington St, Chicago, IL, 60612
About This Home
Investor and house-hacker alert. Don't miss this rare opportunity to own a piece of authentic Chicago history with serious upside in the East Garfield Park neighborhood. This timeless two-flat greystone features classic bay window architecture and solid masonry construction, offering character you simply cannot replicate in new builds. Unit 2 offers three bedrooms and one bath with original wood floors and trim. Unit 1 offers two bedrooms and one bath, with a flexible layout ideal for converting the front living room into a third bedroom, or the basement section into a duplex-down. The semi-finished basement includes a bedroom, full bath, and rough plumbing for a kitchen stove, making it perfect for a duplex-down conversion or additional living space for an owner-occupant. Major systems were refreshed approximately 12 years ago, including the roof, HVAC, and windows, plus a brand-new water heater installed in 2025. Both units are currently occupied by tenants on month-to-month leases at below-market rents, providing instant cash flow today with a clear path to higher rents tomorrow. The location couldn't be better. You will enjoy quick access to the Illinois Medical District, Roosevelt Square, Little Italy, Garfield Park, Garfield Park Conservatory, Douglass Park, Chicago Hope Academy, Altgeld Park, and Cinespace Chicago Studios. The property also sits near major developments shaping the future of the West Side, including the $7 billion United Center 1901 Project and the Chicago Fire Endeavor Health Performance Center. Easy access to I-290 and CTA transportation makes commuting effortless. Stable income, strong bones, smart location, and massive upside. The time to invest in East Garfield Park is now, before the next wave of development drives prices higher. Schedule your private tour today. Seller is a licensed real estate broker in the State of Illinois.
Getting Around
Very Walkable
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 1893
Materials
- Construction materials: Brick
Notable Dates
- Major remodel year: 2010
Type & Style
- Home type: MultiFamily
- Architectural style: Greystone
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Partially Finished,Partial
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 3
Heating
- Heating features: Natural Gas,Steam
Property
Details
- Parcel number: 16134040370000
- Zoning: MULTI
- Special condition: List Broker Must Accompany
Features
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Lot size: 3,125 sqft
- Lot size dimensions: 25 X 125
Parking
- Total spaces: 2
- Parking features: Assigned,Yes,Owned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,323 | $27,876 |
| Home Insurance * | $171 | $2,052 |
| Property Taxes | $662 | $7,944 |
| Electricity | $130 | $1,569 |
| Total | $3,286 | $39,432 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2022-08-15 | Listing removed | -- |
| 2022-07-19 | Price change | $394,900 |
| 2022-06-22 | Listed for sale | $399,900 |
| 2009-03-26 | Sold | $30,000 |
| 2008-12-11 | Listing removed | $60,000 |
| 2008-11-05 | Price change | $60,000 |
| 2008-09-27 | Listed for sale | $80,000 |
| 2005-12-20 | Sold | $335,000 |
| 1995-11-30 | Sold | $35,000 |
View on Zillow