2737 W Congress Parkway
Chicago, IL, 60612
$249,900
10 Beds
5 Baths
0 SqFt
0 Acres
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$249,900
2737 W Congress Parkway
Chicago, IL, 60612
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***Asking price is only $249,900 – Estimated After-Repair-Value is $677,000*** Incredible opportunity to own a legal 2-flat with a bonus garden apartment in the rapidly developing East Garfield Park (Tri-Taylor) neighborhood-steps from the Western Blue Line, 15 minutes to UIC via I-290, and surrounded by new construction, including the $7B “1901 Project” near the United Center that’s set to transform the area with thousands of new residences, parks, retail, and entertainment. The property features a new back porch (2021). The propery is fully vacant! Zoned RM-5 and located in the West ADU zone, it qualifies for conversion into a legal 3-unit under the City’s ADU Ordinance-unlocking major value and rental income potential. Renovated 2-units in the area have recently sold for an average of $546,000, while a full 3-unit conversion pushes the estimated after-repair value to $677,000. Renovated 3-4 bedroom apartments in this neighborhood rent for $2,916-$2,974/month, creating a projected rental income of nearly $9,000/month when fully occupied. Whether you’re an investor looking for cash flow or an owner-occupant hoping to “house hack” by living in one unit and letting the other two cover most-if not all-of your expenses, this is a smart buy with serious upside. Excellent candidate for an FHA 203k renovation loan-bring your vision and build equity from day one. ***The property is fully vacant***

Property Details

Price:
$249,900
MLS #:
MRD12346378
Status:
Active Under Contract
Beds:
10
Baths:
5
Type:
Multi Family
Neighborhood:
chieastgarfieldpark
Listed Date:
Apr 25, 2025
Year Built:
1901
Chi – East Garfield ParkChieastgarfieldpark

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Community Features
Sidewalks, Street Lights
Construction Materials
Brick
Parking Features
Off Alley, On Site
Parking Spots
2
Roof
Rubber

Financial

Tax Year
2023
Taxes
$8,825
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Oct 07, 2025
1,488
Multi Family Listed
80
Avg DOM
$499,778
Avg List Price

Community

Subdivisions in Chicago

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Property Summary

    2737 W Congress Parkway Chicago IL is a Multi Family for sale in Chicago, IL, 60612. It is listed for $249,900 To schedule a showing of MLS#mrd12346378 at 2737 W Congress Parkway in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
2737 W Congress Parkway
Chicago, IL