Prime Investment: Turn-Key Legal 3-Flat with ADU Potential! Seize this rare asset at 3235 W Flournoy, featuring a finished basement which provides an opportunity for a fourth unit under new Chicago ADU laws. The property boasts extensive 2025 upgrades: gut-rehabbed top units with new appliances, a new roof, and brand new windows! All units are separately metered with individual mechanicals. Unit 1 is rented and provides immediate $1,500/month cash flow. Add coin laundry for additional cashflow! The location offers excellent access, less than two blocks from I-290 and the Blue Line, making downtown less than 15 minutes away. Includes a dedicated two-spot parking pad. Broker Owned and As-is.
Property Details
Price:
$635,000
MLS #:
MRD12466375
Status:
Active Under Contract
Beds:
9
Baths:
4
Type:
Multi Family
Neighborhood:
chieastgarfieldpark
Listed Date:
Oct 16, 2025
Year Built:
1916
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Architectural Style
American 4-Sq.
Community Features
Park, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Parking Features
Driveway, Alley Access, Yes, Owned
Parking Spots
2
Roof
Flat
Financial
Tax Year
2023
Taxes
$3,599
Listing Agent & Office
Maurice Goodman
CMG Realty & Property Management LLC
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3235 W Flournoy Street
Chicago, IL
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