3034 W 38th Place Chicago, IL 60632
Brighton Park NeighborhoodEstimated payment $3,012/month
Total Views
1,223
9
Beds
5
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Rare, Cash-Flowing 4-Unit in Red-Hot Brighton Park! This incredibly spacious and fully legal 4-unit brick building in the heart of Brighton Park offers a rare opportunity to own a cash-positive investment property. When fully rented, this property generates positive cash flow even after mortgage payments. The property is in high demand-vacancies typically generate 100+ inquiries, and two units are already occupied by excellent long-term tenants. The other two units are move-in ready, allowing the new owner the flexibility to live on-site or lease them out immediately. The owner, a retiring investor with a long and successful portfolio history, has made extensive updates, including: Exterior masonry renovations in 2022: (tuckpointing, parapet wall, coping tiles, chimney, and roof repairs); Most windows replaced in 2013-2014; New flooring in one unit 2025; New furnaces in rear second-floor unit 2021-2022; Two water heaters replaced in 2019-2020; Boilers replaced in 2014-2019; Electrical service upgraded in 2013. Additional features include: 4 large storage units; 4 parking spaces (extra income); Separate meters for gas and electricity, Tenants pay all utilities. Zoned for 4 units - fully legal. There is also a basement space with additional finished living area (including a kitchen, living room, full bath, and bedroom) that may serve as related living area. This property will sell fast. Bring your best offer and don't miss your chance to own a turn-key, income-producing building in one of Chicago's most rapidly appreciating neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,095
Year Built
- Built in 1903
Parking
- 4 Parking Spaces
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 5 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 125x 25
Community Details
- 4 Units
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | For Sale | $474,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12453484
APN: 16363170260000
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