2152 W 21st St - Multi-Family FOR SALE


Chicago, IL 60608- Lower West Side
$990,000 USD
630-640-1001
2152 W 21st St, Chicago, IL for Sale
$990,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

2152 W 21st St
Chicago, IL 60608
Lower West Side


HIGHLIGHTS

  • Approved for 9 Units With Plan
  • B2-3 Zoning
  • Located in a TOD
  • Steps to CTA Pink Line
  • Walking Distance to Retail
  • 2 Renovated Units | Value-Add Opportunity | No Common Gas or Electric

OVERVIEW

This well-maintained brick multifamily property presents a compelling investment opportunity with both strong in-place income and significant upside potential. The asset is currently configured as a 6-unit building with a 7th non-conforming unit (4R), which is presently duplexed into the 3rd-floor rear unit (3R), creating an expansive 4-bedroom, 2-bath residence. The remaining units offer a desirable unit mix, with two units already renovated, allowing investors to immediately benefit from increased rents while continuing to execute a value-add strategy across the balance of the property. Additional features include a 2-car garage, basement storage, and common laundry, further enhancing tenant appeal and operational efficiency. Located just steps from the CTA Pink Line, the property offers excellent accessibility and strong rental demand driven by proximity to public transit and surrounding neighborhood amenities. Ownership has secured approvals to expand the property to a total of 9 units, including the addition of two affordable units, providing a clear path to increased density and long-term value creation. With the ability to further renovate units and capitalize on the approved expansion, this offering represents an attractive opportunity for investors seeking both stabilized cash flow and meaningful upside in a transit-oriented location.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

7

PRICE/UNIT

$141,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,000 SF

ZONING

B2-3

APN/PARCEL ID

17-19-316-028-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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