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$485,000
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Property Description
Fantastic investment opportunity in Chicago's East Garfield Park! This vacant 3-flat offers exceptional income potential and is being sold AS IS, making it an excellent opportunity for investors or owner-occupants looking to build equity. Ideally located with convenient access to downtown Chicago, this gated property features a detached 2.5-car garage with alley access and a fenced backyard. Each of the three units offers 2 bedrooms, 2 full bathrooms, and a private laundry room. The garden unit has its own private entrance and has been recently updated with luxury vinyl plank flooring, stylish cabinetry, and stainless steel appliances. The first and second floor units are accessed through the main building entrance and each includes a rear porch. Additional improvements include a roof replacement in 2020. With all units currently vacant, this property provides the flexibility to set your own rents, renovate to your specifications, or occupy one unit while generating rental income from the others. A rare opportunity with tremendous upside in a location offering easy access to transportation, downtown Chicago, and neighborhood amenities.
Full Property Details
Full Property Details for 327 S Richmond St
General
- Sold For: $485,000
- Taxes: $10,732 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12699296
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - East Garfield Park
- County: Cook
- Driving Directions: Van Buren & California West to Richmond North one block
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full
- Year Built: 1903
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 25 x 126
- Fence: Yes
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1903
- Tax Amount: $10,732
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16131220361001
Listed by Keller Williams Infinity
Sold by Direct Realty, LLC
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Schools
Schools serving 327 S Richmond St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Cather Elementary School 2908 West Washington Boulevard, Chicago, IL 60612 | PK-8 | 0.5 mi |
Marshall Metropolitan High School 3250 West Adams Street, Chicago, IL 60624 | 12-11 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
327 S Richmond Street, Chicago, IL 60612 (MLS# 12699296) is a Multi-Family property that was sold at $485,000 on September 01, 2026. Want to learn more about 327 S Richmond Street? Do you have questions about finding other Multi-Family real estate for sale in East Garfield Park? You can browse all East Garfield Park real estate or contact a Coldwell Banker agent to request more information.

