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$315,000
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Property Description
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.
Full Property Details
Full Property Details for 3716 W Polk St
General
- Sold For: $315,000
- Taxes: $4,658 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12718929
- Added to Site: 73 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Parking
- Parking Features: Off Site
Location
- Area: CHI - East Garfield Park
- County: Cook
- Driving Directions: Central Park Ave to Polk St
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Radiator(s)
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Foundation: Concrete Perimeter
- Year Built: 1897
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 123
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1897
- Tax Amount: $4,658
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16143110230000
Listed by RE/MAX 10 Lincoln Park
Sold by Weichert,Realtors-FirstChicago
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Schools
Schools serving 3716 W Polk St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Gregory Math & Sci Elementary Academy 3715 West Polk Street, Chicago, IL 60624 | PK-8 | 0 mi |
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612 | 12-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3716 W Polk St
Date
Details
Price
Change
Source
9/30/2026
Sold
$315,000
-5.94%
MLS
7/31/2026
Listed
$334,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3716 W Polk Street, Chicago, IL 60624 (MLS# 12718929) is a Multi-Family property that was sold at $315,000 on September 30, 2026. Want to learn more about 3716 W Polk 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.

