7-Unit Gut-Rehabilitated Apartment
For Sale
$1,115,000
3100 W Lexington Street, Chicago, IL 60612
Commercial Sale, Chicago, IL
Property SizeContact for details
Days on Market240
Property Features for 3100 W Lexington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
40
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 24, Bathroom 14, Bathroom 16, Bedroom 31, Bedroom 5, Bedroom 32, Bedroom 39, Bathroom 8, Bedroom 19, Bathroom 4, Bedroom 34, Bathroom 11, Bedroom 2, Bedroom 4, Bedroom 29, Bathroom 3, Bathroom 9, Bedroom 26, Bathroom 7, Bathroom 15, Bedroom 12, Bedroom 9, Bedroom 35, Bathroom 1, Bathroom 12, Bedroom 37, Bedroom 16, Bedroom 6, Bedroom 38, Bedroom 11, Bedroom 22, Bedroom 40, Bedroom 10, Bedroom 27, Bedroom 15, Bathroom 6, Bedroom 7, Bathroom 13, Bathroom 5, Bedroom 14, Bedroom 20, Basement, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 33, Bedroom 30, Bedroom 36, Bedroom 25, Bedroom 18, Bathroom 2, Bathroom 10, Bedroom 28, Bedroom 17, Bedroom 13, Bedroom 21, Bedroom 23
Basement
Finished
Directions
Kedzie Ave, north or south to Harrison St. East 1 block to Albany, Albany south to Lexington (1 block)
Subdivision
CHI - East Garfield Park
Standard status
Active
APN
16133040420000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
16455
Utilities
Utilities
Water Available
Cooling system
Central Air
Amenities
newer appliances
granite counters
hardwood floors
walk-in showers
laundry room
coin machines
iron gate
Building Details
Year built
1905
Floors in Building
2
Number of units
7
Listing Agency:
Charles Rutenberg Realty of IL
(630) 929-1100
Listed By:
Marguerite Dooley · License #475142245
(847) 226-6208
Added: Jan 29
Changed: Sep 12
Last Checked: Sep 26 at 7:06AM
MLS# 12558606
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 7-unit apartment property was gut rehabilitated with updated appliances, granite countertops, hardwood flooring, and tiled bathrooms, including walk-in showers in most units. Central air serves the building, and a first-floor laundry room provides coin-operated machines for residents. Tenants pay heat and electricity. A heavy iron gate secures two sides of the corner property, while available street parking is located along Albany. Built in 1905 and zoned MULTI, the property also includes water availability and a basement. The units are fully leased, with a reported 6.4 cap rate. The property is minutes from I-290 and the Blue Line, with UIC Campus approximately a 7-minute drive east.
Key Highlights
- 7 apartment units, fully leased
- Gut rehabilitation with newer appliances, granite counters, hardwood floors, and updated bathrooms
- 6.4 cap rate
Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily property with updated interiors, central air, tenant-paid utilities, and shared laundry facilities.
Where is this apartment building located?
The property is located at 3100 W Lexington Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,115,000.
What are key features of this property?
This property features: 7 apartment units, fully leased; Gut rehabilitation with newer appliances, granite counters, hardwood floors, and updated bathrooms; 6.4 cap rate
