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Two-Unit Multifamily Property
For Sale
Under Contract
$245,000

2854 W 38th Place, Chicago, IL 60632

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market40

Property Features for 2854 W 38th Place

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Parking 2
Parking features Off Street
Fencing Fenced
Elementary school district 299
Middle school district 299
High school district 299
Directions California Ave TO 38th Pl. South to address
Subdivision CHI - Brighton Park
Standard status Active Under Contract
APN 16363190270000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3027

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1888
Building materials Aluminum Siding, Frame
Roof type Asphalt
Architectural style Other
Listing Agency: RE/MAX 10 in the Park · RE/MAX International
Listed By: Thomas Domasik · License #475129362
Added: Jul 24 Changed: Aug 27 Last Checked: Sep 1 at 10:06PM
MLS# 12712270

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-unit multifamily property at 2854 W 38th Place includes four bedrooms and two bathrooms across its residential layout. The building dates to 1888 and features aluminum siding with frame construction, natural-gas heating, an asphalt roof, public sewer service, and a fenced site. Off-street parking is provided.

The property is located in Chicago’s 60632 ZIP code, with access to an expressway and nearby shopping, restaurants, and daily services. Both units are leased, providing existing occupancy for an owner or investor. MULTI zoning supports the property’s multifamily classification.

Key Highlights

  • Two‑unit multifamily property with 4 bedrooms and 2 bathrooms
  • Both units currently rented
  • MULTI zoning

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Daycare Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

948
Businesses Nearby

Demographics for 60632, IL

92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences are occupied and include off-street parking.
Where is this duplex located?
The property is located at 2854 W 38th Place Chicago, IL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit multifamily property with 4 bedrooms and 2 bathrooms; Both units currently rented; MULTI zoning
More about this property
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