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Two to Four Units · Chicago, IL
$245,000
4 beds · 2 baths
2854 W 38th Place, Chicago, IL, 60632
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Come grow your investment in the booming Brighton Park neighborhood with this 2-flat offering long-term income potential. Its convenient location near the expressway provides an easy downtown commute, while nearby shopping, restaurants, and everyday conveniences make it an attractive choice for tenants. Whether you're looking to live in one unit while renting the other or add an income-producing property to your investment portfolio, this property offers excellent upside. Both units are currently rented with below-market rents, providing immediate rental income today and strong potential for increased future returns. Offered as a long-term owner estate sale, this is a rare opportunity to acquire a well-located multi-unit property. It can be purchased separately or as part of a package with the neighboring buildings at 2858 W. 38th Place and 2856 W. 38th Place, creating an exceptional investment opportunity. Easy to buy and ready for its next owner-schedule your viewing today!
— the listing agent’s description

The home

4 beds
2 baths
Built in 1888
Lot 25X125
Two to Four Units
Traditional

What it’ll cost

$3,027 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$1,626/mo
Principal & interest$1,303
Property taxes$252
Homeowners insurance$71
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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7 days on dwello
Price history
Listed for sale
Jul 24, 2026
$245,000
Property taxes
2025
Annual tax bill (MLS)
$3,027/yr
Assessed value
2025
County assessor
$15,000~$150,000 mkt
2024
$15,000~$150,000 mkt
2023
$13,564~$135,640 mkt
2022
$13,564~$135,640 mkt
2021
$13,564~$135,640 mkt
2020
$13,425~$134,250 mkt
2019
$15,431~$154,310 mkt
2018
$15,431~$154,310 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasAluminum SidingFramePublic SewerOff StreetYes

Schools nearby

Acero: Sandra Cisneros Elementary School · 0.1 mi
Brighton Park Elementary School · 0.2 mi
Nathan S. Davis Elementary School · 0.3 mi
Kelly High School · 0.4 mi
Burroughs Elementary School · 0.4 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Thomas Domasik · RE/MAX 10 in the Park
Listing last updated Jul 30, 2026 · data refreshed from the MLS Jul 30, 2026, 5:08 AM CT
Based on information submitted to the MLS GRID as of Jul 30, 2026, 5:08 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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