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7 Beds
3 Baths

$575,000

331 S Richmond Street, Chicago IL, 60612

Built in1898
Property typeMulti-family
Listed by Manuel Gonzalez with Realty of America 773-851-0749

Overview

Active

New

Listed Oct 28, 2026

Updated 11h ago

Excellent investment opportunity in Chicago's East Garfield Park neighborhood! This three-unit property offers strong income-producing potential with extensive improvements throughout, including updated plumbing and electrical systems, new flooring, updated tile, fresh paint, newer boilers, and a newer furnace. Two of the three units have been recently renovated, while the third is currently tenant-occupied, providing an opportunity for immediate rental income. The property features an enclosed metal fence and convenient access to major expressways, public transportation, and downtown Chicago. All three units offer potential for participation in the Housing Choice Voucher program, subject to applicable program requirements and approvals. Investors may also explore the possibility of converting the property into three individual condominium units, subject to municipal approvals and applicable legal requirements. Whether you're looking to expand your rental portfolio or explore future investment opportunities, this well-located three-flat offers flexibility and long-term potential. Schedule your showing today!

$3,825/mo

Est. mortgage payment based on a $575,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12795866

Interior Features

Bedrooms
7
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$7,712
Tax Frequency
Annually
Municipality
West Chicago
MLS provider logo

Listed by Manuel Gonzalez with Realty of America 773-851-0749

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Elizabeth Amidon are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data is refreshed every 3 hours. Listing last updated 3:46 AM UTC on 10/29/2026. 

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