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3034 W 38th Place, 
Chicago, IL 60632

$474,900


9

Beds


5

Baths


-

Sq Ft


Multi-Family

Pending

Listed by

Carlos Matos

Core Realty & Investments Inc.

Last updated:

September 3, 2025, 04:37 PM

MLS#

12453484

Source:

MLSNI

About This Home

3034 W 38th Place

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.

Home Facts

Multi-Family

5 Baths

9 Bedrooms

Built in 1903

Price Summary

474,900

MLS #:

12453484

Last Updated:

September 3, 2025, 04:37 PM

Added:

19 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5


Structure

Structure

Year Built:

1903


Finances & Disclosures

Finances

Price:

$474,900

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