2120 W Cullerton St - Apartments FOR SALE


Chicago, IL 60608- Lower West Side
$775,000 USD
630-640-1001
2120 W Cullerton St, Chicago, IL for Sale
$775,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

2120 W Cullerton St
Chicago, IL 60608
Lower West Side


HIGHLIGHTS

  • In-Unit W/D | Tankless Water Heaters
  • Private Outdoor Space for Each Unit
  • Full Gut renovation (2018)
  • Modern Kitchens & Baths
  • Opportunity to Live in One Unit & Collect Rent
  • Assumable FHA Loan | 3.125%

OVERVIEW

This striking red brick three-unit building underwent a full gut renovation in 2018, completed with permits and attention to every detail. Modern upgrades include central air conditioning, new plumbing and electrical systems, fully redesigned kitchens and bathrooms with contemporary finishes, new flooring throughout, and tankless water heaters. Spacious new master bedrooms, private outdoor spaces, and a shared rear patio offer residents an elevated living experience. The building also features on-site parking for 2-3 vehicles, a premium amenity in the area. The current ownership intends not to renew the Unit 2 lease, providing an ideal opportunity for an owner-occupant to move in and enjoy the property while collecting rental income from the remaining two units. With rents currently positioned below market rates, new ownership has significant potential to increase income through rent adjustments. This is a rare opportunity to acquire a beautifully renovated, income-producing asset with both immediate and long-term upside.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

3

PRICE/UNIT

$258,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,052 SF

ZONING

RT-4

APN/PARCEL ID

17-19-312-040-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.