Greystone Two-Flat with Semi-Finished Basement

2714 W LEXINGTON Street Chicago, IL 60612

Claim this Listing
New
For Sale
$459,500

MULTI_FAMILY - Other - Chicago, IL

Added:
Jul 8, 2026
Days on Market:
5
Last Refresh:
Jul 12 at 1:06 am

Property Features for 2714 W LEXINGTON Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Basement, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 5
Parking
2
Parking features
Owned, Assigned
Patio and Porch features
Porch
Fencing
Fenced
Basement
Partially Finished, Partial
Standard status
Active
APN
16134040370000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
5848

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Steam

Building Details

Year built
1893
Building materials
Brick
Architectural style
Other

Listing agent Josh Reighard License #475204886

Listing office Baird & Warner 1950 N Sedgwick St, Chicago, IL

Listing date Jul 8, 2026

MLS# 12699187 Listing URL

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 classic Chicago greystone two-flat offers two separate units with distinctive bay window architecture and solid masonry construction. The exterior profile has been freshly updated from foundation to roof, with major improvements completed in 2026. The building includes two brand-new water heater tanks, a fully resurfaced roof, and structural reinforcements. Unit 2 features three bedrooms, one bath, and original hardwood floors. Unit 1 offers two bedrooms, one bath, and a flexible layout. Beneath the units, the semi-finished basement includes a living room, bedroom, full bath, half-bath, and rough plumbing for a future kitchen.

Located in Chicago at 2714 W Lexington Street, the property is in a MULTI-zoned area and is presented for both investors and owner-occupants. The seller describes the area as within minutes of the Illinois Medical District, Little Italy, Garfield Park Conservatory, and Cinespace Chicago Studios, with easy access to I-290 and the CTA Blue Line.

Both units are currently tenant-occupied on month-to-month leases at below-market rents, supporting day-one cash flow while allowing for potential re-tenanting and rent adjustments. The semi-finished basement’s rough plumbing may appeal to buyers looking to explore a duplex-down configuration or an in-law suite arrangement, subject to applicable requirements.

Key Highlights

  • Chicago brick greystone two‑flat built in 1893 with steam heat and natural gas service
  • Major 2026 improvements include two brand‑new water heater tanks and a fully resurfaced roof, plus structural reinforcements
  • Tenant‑occupied on month‑to‑month leases with below‑market rents for both units

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Computer & Electronic Repair Acupuncture Tech Support Center Veterinary Clinic Accounting Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Travel Agency Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Chicago two-flat with updated 2026 systems and month-to-month occupancy, plus a semi-finished basement with rough plumbing.
Where is this duplex located?
The property is located at 2714 W LEXINGTON Street Chicago, IL.
What is the asking price?
The asking price for this property is $459,500.
What are key features of this property?
This property features: Chicago brick greystone two‑flat built in 1893 with steam heat and natural gas service; Major 2026 improvements include two brand‑new water heater tanks and a fully resurfaced roof, plus structural reinforcements; Tenant‑occupied on month‑to‑month leases with below‑market rents for both units
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