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7-Unit Gut-Renovated Apartment Building
For Sale
$1,189,000

3100 West Lexington Street, Chicago, IL 60612

Updated apartments offer modern finishes, in-unit utility responsibility, and shared laundry facilities.

Property SizeContact for details
Days on Market227

Property Features for 3100 West Lexington Street

General Information

Standard status Active
Property subtype Multi Family 5+ / Flats
Zoning MULTI
Net Operating Income $71,212

Taxes and HOA fees

Annual Taxes $16,455

Building Details

Year Built 1905
Stories 2
Listing Agency: Berkshire Hathaway HomeServices KoenigRubloff
Listed By: Marguerite
Source: Compass
Added: Jan 15 Changed: Aug 30 Last Checked: Aug 30 at 9:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices KoenigRubloff

Investment Insights

Based on property information with market context.

This MULTI-zoned apartment property contains 7 gut-rehabbed units in a building originally constructed in 1905. Interior improvements include newer appliances, granite countertops, hardwood flooring, and tiled walk-in showers in most bathrooms. A first-floor laundry room with coin-operated machines serves tenants, while tenant-paid heat and electricity reduce owner-provided utility obligations. An iron security gate extends along two sides of the building.

The property occupies a corner location with easy street parking on Albany. It is situated minutes from I-290 and the Blue Line, with UIC Campus approximately a 7-minute drive east. The units are fully leased.

Key Highlights

  • 7 gut‑rehabbed apartment units
  • Newer appliances, granite countertops, and hardwood floors
  • Tiled walk‑in showers in most bathrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Law Firm Computer & Electronic Repair Skin Care Clinic Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

896
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Updated apartments offer modern finishes, in-unit utility responsibility, and shared laundry facilities.
Where is this apartment building located?
The property is located at 3100 West Lexington Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: 7 gut‑rehabbed apartment units; Newer appliances, granite countertops, and hardwood floors; Tiled walk‑in showers in most bathrooms
More about this property
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