4
See all 4 photos
$334,900
Est. payment /mo
9 Beds
3 Baths
3,049 Sqft Lot
New
3716 W Polk ST Chicago, IL 60624
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12718929
Bedrooms 9
Year Built 1897
Annual Tax Amount $4,658
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 25X123
Property Sub-Type Two to Four Units
Property Description
THE CASH COW!!!! INCOME-PRODUCING INVESTMENT OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and savvy buyers looking for their next income-producing asset! Located in one of Chicago's rapidly growing neighborhoods, this oversized 3-story brick three-flat offers the perfect combination of immediate rental income and tremendous long-term upside. Featuring three spacious 3-bedroom units, the property currently has month-to-month tenants occupying the first and second floors, while the third-floor unit is also livable, offering flexibility for future occupancy or continued rental income. Built with solid bones and a classic brick exterior, this property provides an exceptional foundation for long-term investment. Perfectly positioned directly across from a neighborhood school on a quiet residential block, you'll also enjoy convenient access to transportation, shopping, parks, schools, and everyday amenities\. East Garfield Park continues to experience exciting redevelopment, making this an outstanding opportunity to build equity while generating rental income in one of Chicago's most promising investment corridors. The full unfinished basement presents the property's greatest value-add opportunity, offering exciting possibilities for future expansion, additional living space, enhanced amenities, or other improvements that could further increase the property's overall value and long-term earning potential. Buyers are encouraged to conduct their own due diligence regarding future improvement possibilities. Investors may also wish to explore opportunities to individually meter utilities, install separate gas, and water systems, add individual water heaters for each unit where feasible, and reconfigure utility services to help shift utility responsibilities, reduce owner operating expenses, improve efficiency, strengthen long-term cash flow, and maximize the property's investment performance. The property is being sold AS-IS and is subject to violation case the City of Chicago. Also, subject to any tenants. The buyer will assume responsibility for complying with all City of Chicago inspections, municipal requirements, property clean-out, and any repairs. No survey or seller disclosures will be provided. Proof of funds or a lender pre-approval letter must accompany all offers. Taxes will be prorated at 100%, and all earnest money must be submitted in certified funds. Room counts, dimensions, lot size, and other property details are believed to be accurate but are not guaranteed. Properties offering immediate rental income, spacious unit layouts, solid brick construction, and exceptional value-add potential are becoming increasingly difficult to find. Whether you're expanding your investment portfolio, seeking a cash-flowing asset with future upside, or searching for your next strategic acquisition, this oversized brick three-flat delivers an exceptional opportunity to create long-term wealth while capitalizing on the continued growth of East Garfield Park. Bring your vision, maximize its potential, and make this outstanding investment your next success story.
Location
State IL
County Cook
Area Chi - East Garfield Park
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Electric
Fireplace N
Exterior
Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Monica Poland of RE/MAX 10 Lincoln Park