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$ 334,900
Est. payment /mo
New
3716 W Polk ST Chicago, IL 60624
9 Beds
3 Baths
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12698613
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
INVESTOR ALERT! VALUE-ADD OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and rehabbers looking for their next value-add opportunity! This rapidly growing neighborhood continues to experience exciting redevelopment, making this an exceptional opportunity for a complete renovation with tremendous upside. This oversized 3-story brick three-flat features three spacious 3-bedroom units, a full unfinished basement, and is perfectly positioned directly across from a neighborhood school on a quiet residential block. Conveniently located near transportation, shopping, parks, schools, and everyday conveniences, this property is ideally situated in one of East Garfield Park's most active and closely watched investment communities. This property presents exceptional upside for the right buyer and is ready for a complete renovation. Investors, developers, and rehabbers will immediately recognize the opportunity to reimagine this oversized three-flat and create significant long-term value. The full unfinished basement adds another layer of potential, offering exciting possibilities for future expansion. Whether transformed into additional living space, enhanced amenities, or explored as a potential income-producing opportunity, the lower level provides tremendous flexibility for buyers looking to increase the property's overall value, equity, and future 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, forced-air heating, 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, and improve long-term investment performance. These strategic improvements have the potential to increase efficiency, strengthen cash flow, and further enhance the property's long-term value. The property is being sold AS-IS. The buyer will be responsible for all required city 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 with this combination of size, location, and redevelopment potential are becoming increasingly difficult to find. Whether you're expanding your portfolio, planning your next redevelopment project, or searching for your next value-add opportunity, this oversized brick three-flat offers the foundation to create something truly exceptional. Bring your vision. Execute your plan. Unlock the full potential of this outstanding investment opportunity.
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
