2440 W Lexington Street Chicago, IL 60612
Solid-as-they-come all-brick Chicago vintage row-house - built in the 1890s and still delivering. This 4 bed/2 bath single-family home is tenant-occupied at $2,200/month with a 2-car detached garage, generating $26,400 annually with no unit turnover complexity. Over 130 years of Chicago winters haven't slowed it down - newer mechanicals mean the bones are matched by the systems. Thick masonry walls, character details, and the kind of construction quality you simply can't replicate at this price point. A clean, uncomplicated cash-flow asset for the investor who knows what they're looking for. TIMING NOTE: This property is being marketed in coordination with 2442 W Fillmore St (MLS#12606245), a fully rented all-brick 3-flat with three 3bd/2 bath units listed at $825,000. Each property may be purchased independently - buyers are not required to acquire both. However, seller is requiring that closings on both properties occur within a close timeframe of one another, as this transaction is part of a 1031 exchange. Buyers should be prepared for a time-sensitive, coordinated closing schedule.
Baird & Warner Karen MacAdam Email
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Listing Office: Berg Properties
Listing Office Phone: 888-276-9959
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