Closed

$334,900

3716 Polk Street, Chicago, IL 60624
9 Beds3 Baths4 days
3716 Polk Street·Chicago, IL 60624
9Bedrooms
3Bathrooms
1897Year Built
About This Home

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.

MLS# 12718929Listed July 31, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms3
Total Rooms18

Size & Structure

Year Built1897
Lot Size0.070 acres

Location

CountyCook
TownshipWest Chicago
Zip Code60624

Financial

List Price$334,900
Annual Taxes (2023)$4,658
Monthly Tax Est.$388
Parcel #16143110230000
Interior Features

Heating

Radiator(s)

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Off Site
HOA & Community

Community Features

CurbsGatedSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$4,658
Tax Year 2023
Monthly Tax Est.
$388
per month
Property Location

3716 Polk Street, Chicago, IL 60624 — Cook County

$334,900
3716 Polk Street
9 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
4 days on market
0.070 acres
$4,658/yr taxes
$2,148
estimated monthly payment
Principal & Interest
$1,760/mo
Property Tax
$388/mo
$334,900
20% — $66,980
3%50%
6.875%
3%12%
Loan Amount
$267,920
Down Payment
$66,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
RE/MAX 10 Lincoln Park
Agent: Monica Poland
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