3738 N Richmond St., Chicago, IL 60618

3738 N Richmond St., Chicago, IL 60618
Photo 1 of 53
$649,000
Beds Baths Sq. Ft. Taxes Built
4 0.00 0 $10,885.32 1925
On the market: 0 days

Est. Monthly Payment:

$4,793($3,886 + $907 taxes*)

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Classic all-brick Chicago two-flat offering solid construction, generous room sizes, and meaningful long-term upside. Located on a 36 x 126 lot, the property includes a two-car detached garage and a rear yard, providing valuable off-street parking and outdoor space. Both units feature traditional, well-proportioned layouts with separate living and dining rooms, hardwood floors, original wood trim, and excellent natural light throughout. The kitchens offer eat-in space, and the bedrooms are comfortably sized, making the layouts functional today while presenting clear opportunities for cosmetic updates and future rent growth. Original architectural details remain intact, preserving the character typical of classic Chicago masonry construction. The partially finished basement includes recreation space, multiple storage rooms, workshop and utility areas, and an additional bathroom. The lower level offers flexibility and potential to be incorporated into a duplex-down configuration or explored as a future garden-level unit, subject to zoning, permits, and buyer due diligence. The property currently provides stable income with built-in flexibility. Unit 1 is leased at $1,400 per month on a month-to-month basis, while Unit 2 is leased at $1,400 per month with a lease in place through September 2026. Total monthly income is $2,800, or $33,600 annually, allowing a buyer to generate cash flow while planning future improvements or occupancy. The property is being offered for sale in as-is condition. Conveniently located near parks, public transportation, restaurants, and neighborhood amenities, with easy access to surrounding North Side communities.
Listing courtesy of Lance Lukose, Compass