Home Details for 3517 W Lexington Street

This stately, income-producing legal 3-unit brick building with a fully finished garden unit in Homan Square generates $6,850 in gross monthly rents, delivering immediate cash flow across four expansive units. With 13 bedrooms and 5 bathrooms, the property offers exceptional scale for both investors and owner-occupants seeking a high-performing house hack. Up to $80,000 in improvements (2024-2025) include new flooring, refreshed bathrooms, newer windows, appliances, and fresh paint throughout. A newer roof and rear deck (2021) further enhance the asset. Unit mix includes: garden unit (2 bed / 1 bath), first floor (4 bed / 2 bath), second floor (4 bed / 1 bath), and third floor (3 bed / 1 bath). Each unit features individual furnaces, with tenants responsible for gas and electricity. Interiors offer bright, airy layouts with windows in every room, oversized living and dining areas, and generously sized bedrooms. Units 2 and 3 feature decorative fireplaces with built-in bookcases, adding character and tenant appeal. Kitchens include modern cabinetry, granite countertops, pantry storage, and appliances. Two rear parking spaces and additional storage provide up to $1,200 in extra annual income. Ideally positioned in a rapidly evolving submarket with easy access to the Medical District, this is a high-confidence acquisition with strong in-place income, recent capital improvements, and long-term upside potential.

• Basement

  • Finished
  • Full

• Heating Information

  • Natural Gas