2737 Congress Parkway, East Garfield Park, Chicago, Illinois 60612
$249,900
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For Sale
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| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 10 |
| Baths: | 0 |
| Year Built: | 1901 |
| Property Taxes: | $8,825 |
| Days On Market: | 190 |
| Lot Size: | 0,00 |
Description
***Asking price is only $249,900 - Estimated After-Repair-Value is $677,000*** Incredible opportunity to own a legal 2-flat with a bonus garden apartment in the rapidly developing East Garfield Park (Tri-Taylor) neighborhood-steps from the Western Blue Line, 15 minutes to UIC via I-290, and surrounded by new construction, including the $7B "1901 Project" near the United Center that's set to transform the area with thousands of new residences, parks, retail, and entertainment. The property features a new back porch (2021). The propery is fully vacant! Zoned RM-5 and located in the West ADU zone, it qualifies for conversion into a legal 3-unit under the City's ADU Ordinance-unlocking major value and rental income potential. Renovated 2-units in the area have recently sold for an average of $546,000, while a full 3-unit conversion pushes the estimated after-repair value to $677,000. Renovated 3-4 bedroom apartments in this neighborhood rent for $2,916-$2,974/month, creating a projected rental income of nearly $9,000/month when fully occupied. Whether you're an investor looking for cash flow or an owner-occupant hoping to "house hack" by living in one unit and letting the other two cover most-if not all-of your expenses, this is a smart buy with serious upside. Excellent candidate for an FHA 203k renovation loan-bring your vision and build equity from day one. ***The property is fully vacant***
Property Specifics
| Multi-unit | |
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| 1901 | |
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| No | |
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| Cook | |
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| 12346378 | |
| 16132350150000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 1 Oct, 2025 | Under contract | $249,900 | MRED MLS |
| 25 Apr, 2025 | Listed for sale | $249,900 | MRED MLS |
Room Specifics
Total Bedrooms: 10
Bedrooms Above Ground: 10
Bedrooms Below Ground: 0
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Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
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Other Specifics
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| 25X125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2025 | $8,825 |
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Listing Provided By
Straight-A Realty, LLC
