3034 W 38th Place
Chicago, IL, 60632
$474,900
9 Beds
5 Baths
0 SqFt
0 Acres
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$474,900
3034 W 38th Place
Chicago, IL, 60632
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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

Price:
$474,900
MLS #:
MRD12453484
Status:
Active Under Contract
Beds:
9
Baths:
5
Type:
Multi Family
Neighborhood:
chibrightonpark
Listed Date:
Aug 22, 2025
Year Built:
1903
Chi – Brighton ParkChibrightonpark

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Parking Features
On Site, Owned
Parking Spots
4

Financial

Tax Year
2023
Taxes
$5,095
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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 06, 2025
1,487
Multi Family Listed
80
Avg DOM
$499,539
Avg List Price

Community

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Property Summary

    3034 W 38th Place Chicago IL is a Multi Family for sale in Chicago, IL, 60632. It is listed for $474,900 To schedule a showing of MLS#mrd12453484 at 3034 W 38th Place in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
3034 W 38th Place
Chicago, IL