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$490,000
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Property Description
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.
Full Property Details
Full Property Details for 3034 W 38th Pl
General
- Sold For: $490,000
- Taxes: $5,095 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12453484
- Added to Site: 146 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 9
Parking
- Total Spaces: 4
- Parking Features: Yes, Owned
Location
- Area: CHI - Brighton Park
- County: Cook
- Driving Directions: California Ave, then west to 38th Ave for a block then turn left to 38th Place to property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Partially Finished, Full, Walk-Out Access
- Year Built: 1903
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 125 x 25
Financial Considerations
- Assessment Year: 1903
- Tax Amount: $5,095
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16363170260000
Listed by Core Realty & Investments Inc.
Sold by Upturn Properties LLC
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Schools
Schools serving 3034 W 38th Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Calmeca Academy Elementary School 3456 West 38th Street, Chicago, IL 60632 | PK-8 | 0.5 mi |
Thomas Kelly College Preparatory 4136 South California Avenue, Chicago, IL 60632 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3034 W 38th Pl
Date
Details
Price
Change
Source
10/31/2025
Sold
$49,000
-89.68%
MLS
8/22/2025
Listed
$474,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3034 W 38th Place, Chicago, IL 60632 (MLS# 12453484) is a Multi-Family property that was sold at $490,000 on October 31, 2025. Want to learn more about 3034 W 38th Place? Do you have questions about finding other Multi-Family real estate for sale in Brighton Park? You can browse all Brighton Park real estate or contact a Coldwell Banker agent to request more information.

