3018 West Lexington Street

Chicago, IL 60612

$347,000
Last Sold Price
3
Beds
2
Baths
3,900 Sq. Ft.
$89 / Sq. Ft.
3,900
Sq. Ft.
$89
per Sq. Ft.

Description

Motivated Seller Rare value-add opportunity to own a 2005 new construction building in Chicago's Hot East Garfield Park neighborhood. May be sold as part of a package ($1,125,000 / $375K/Building), or individually. Existing rents drastically below market and haven't been increased since 2006. Addresses Include: 3018 W Lexington St, 2949 W Arthington St, 1114 S Albany Ave, Chicago, IL 60612 Perfect for an owner occupant, or an investor. Both can take advantage of less deferred maintenance than older...Motivated Seller Rare value-add opportunity to own a 2005 new construction building in Chicago's Hot East Garfield Park neighborhood. May be sold as part of a package ($1,125,000 / $375K/Building), or individually. Existing rents drastically below market and haven't been increased since 2006. Addresses Include: 3018 W Lexington St, 2949 W Arthington St, 1114 S Albany Ave, Chicago, IL 60612 Perfect for an owner occupant, or an investor. Both can take advantage of less deferred maintenance than older buildings. Condo quality construction that features 1,300 SF units: 3 bedroom/ 2 bathroom / 2 car parking. Each unit boasts hardwood flooring, fridge, stove, laundry W/D hookup, master bathroom with balcony, central AC. Buildings located just minutes from public transportation & Kedzie-Homan Blue Line Train Station (0.7 miles), & Interstate I-290. Nearby amenities include the United Center ( Home of the Chicago Bulls & Blackhawks ), University of Illinois and Illinois Medical District (IMD). The Illinois Medical District (IMD) is one of the largest urban medical districts in the U. S. and is strategically located west of Chicago's downtown core, "The Loop." This special-use zoning district consists of 560 acres of medical research facilities, laboratories, a biotech business incubator, raw development land, universities, and more than 40 healthcare-related facilities. SCB was commissioned by the Illinois Medical District leadership to develop a new master plan to guide the district development and support economic growth. Seller is a licensed real estate broker.
  1. Listed by Jonathan Gil • Goldbay Advisors Inc.
  2. Listed by Alexander Stoyanov • Goldbay Advisors Inc.

Sold By eXp Realty LLC

Property Details for 3018 West Lexington Street

Area
CHI - East Garfield Park
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Num Of Cars
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air

Location

Add your commute
LISTING UPDATED: 05/05/2021 09:45 AM

Property Details for 3018 West Lexington Street

StatusClosed
MLS #10804159
Days on Market74
Taxes$4,542 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built2004
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Add your commute

Virtual Tour

Building Information for 3018 West Lexington Street

Stories-Residences3Year Built2004Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$2,272 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,894

Property Taxes

$379

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3018 West Lexington Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 3
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: No
  • Age: 16-20 Years
  • Lot Description: Fenced Yard
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25 X 125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: School Bus Service
  • North Coordinate: 0
  • South Coordinate: 600
  • East Coordinate: 0
  • West Coordinate: 3018
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 2
  • Document Date: 2020-08-11T03:32:30
  • Photos Count: 9
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Additional Media Type 1: Video
Multi Family
Income & Expenses
  • Gross Income: $37,788.00
  • Insurance Expense: $1,500.00
  • Maintenance Expense: $1,200.00
  • Insurance Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Water Expense Source: Combination
  • Net Operating Income: $28,146.00
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Actual Rent: $1,049.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Total Sq Ft - Unit 1: 1300
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 6
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 2
  • Appliances/Features Unit 1: Stove, Refrigerator
  • Sec Deposit $ - Unit 1: 0
  • Tenant Pays - Unit 1: Electric, Gas, Heat
Unit 2
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Total Sq Ft - Unit 2: 1300
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 6
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 2
  • Appliances/Features Unit 2: Stove, Refrigerator
  • Sec Deposit $ - Unit 2: 0
  • Tenant Pays - Unit 2: Electric, Gas, Heat
Unit 3
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Total Sq Ft - Unit 3: 1300
  • Floor # - Unit 3: 3
  • # Of Rooms - Unit 3: 6
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 2
  • Appliances/Features Unit 3: Stove, Refrigerator
  • Sec Deposit $ - Unit 3: 0
  • Tenant Pays - Unit 3: Electric, Gas, Heat

Property History for 3018 West Lexington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3018 West Lexington Street

Taxable ValueLand$3,671Additions$38,328Total$41,999
Tax Record2022$8,668 ($722 / month)
Home Facts
Baths6Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtStories3Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built2003CountyCOOKAPN16-13-305-039

Schools near 3018 West Lexington Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Charter - K to 8
Rating
School
Distance
Jensen Elementary Scholastic Academy
PublicPK to 8

Manley Career Academy High School
Public9 to 12

Locke A Elementary Charter Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Goldbay Advisors Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.