3716 W Polk Street
Chicago, IL, 60624
$334,900
9 Beds
3 Baths
0 SqFt
0.07 Acres
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$334,900
3716 W Polk Street
Chicago, IL, 60624
MLS #MRD12718929 image #0MLS #MRD12718929 image #1MLS #MRD12718929 image #2MLS #MRD12718929 image #3MLS #MRD12718929 image #4MLS #MRD12718929 image #5MLS #MRD12718929 image #6MLS #MRD12718929 image #7MLS #MRD12718929 image #8
THE CASH COW!!!! INCOME-PRODUCING INVESTMENT OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and savvy buyers looking for their next income-producing asset! Located in one of Chicago’s rapidly growing neighborhoods, this oversized 3-story brick three-flat offers the perfect combination of immediate rental income and tremendous long-term upside. Featuring three spacious 3-bedroom units, the property currently has month-to-month tenants occupying the first and second floors, while the third-floor unit is also livable, offering flexibility for future occupancy or continued rental income. Built with solid bones and a classic brick exterior, this property provides an exceptional foundation for long-term investment. Perfectly positioned directly across from a neighborhood school on a quiet residential block, you’ll also enjoy convenient access to transportation, shopping, parks, schools, and everyday amenities\. East Garfield Park continues to experience exciting redevelopment, making this an outstanding opportunity to build equity while generating rental income in one of Chicago’s most promising investment corridors. The full unfinished basement presents the property’s greatest value-add opportunity, offering exciting possibilities for future expansion, additional living space, enhanced amenities, or other improvements that could further increase the property’s overall value and long-term 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, 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, improve efficiency, strengthen long-term cash flow, and maximize the property’s investment performance. The property is being sold AS-IS and is subject to violation case the City of Chicago. Also, subject to any tenants. The buyer will assume responsibility for complying with all City of Chicago 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 offering immediate rental income, spacious unit layouts, solid brick construction, and exceptional value-add potential are becoming increasingly difficult to find. Whether you’re expanding your investment portfolio, seeking a cash-flowing asset with future upside, or searching for your next strategic acquisition, this oversized brick three-flat delivers an exceptional opportunity to create long-term wealth while capitalizing on the continued growth of East Garfield Park. Bring your vision, maximize its potential, and make this outstanding investment your next success story.

Property Details

Price:
$334,900
MLS #:
MRD12718929
Status:
Active Under Contract
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chieastgarfieldpark
Listed Date:
Jul 31, 2026
Year Built:
1897
Chi – East Garfield ParkChieastgarfieldpark

Schools

School District:
299

Interior

Heating
Radiator(s)

Exterior

Community Features
Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Parking Features
Off Site

Financial

Tax Year
2023
Taxes
$4,658
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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 Aug 07, 2026
1,425
Multi Family Listed
82
Avg DOM
$530,785
Avg List Price

Community

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Property Summary

    3716 W Polk Street Chicago IL is a Multi Family for sale in Chicago, IL, 60624. It is listed for $334,900 To schedule a showing of MLS#mrd12718929 at 3716 W Polk Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
3716 W Polk Street
Chicago, IL