2222 W 21st St - Apartments FOR SALE


Chicago, IL 60608- Lower West Side
$825,000 USD
630-640-1001
2222 W 21st St, Chicago, IL for Sale
$825,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

2222 W 21st St
Chicago, IL 60608
Lower West Side


HIGHLIGHTS

  • Approved Plans for 6 Units | 3 Car Parking
  • Generous-Sized Floor Plans
  • B2-3 Zoning
  • Majority of Building Framed Out & Ready for Completion
  • New Construction in Rear Half of Building
  • Steps to CTA Pink Line

OVERVIEW

Introducing a rare redevelopment opportunity in the heart of Chicago’s vibrant Pilsen neighborhood at 2222 W 21st Street. This expansive brick building, complemented by a newly constructed rear addition, has undergone significant structural upgrades, including full interior gutting, reinforcement, and the initial framing of approved new floor plans. All necessary permits and architectural plans have been secured and approved by the City of Chicago, offering a seamless path for a new owner to take the project across the finish line. Once completed, the property will consist of six thoughtfully designed units: a spacious 4-bedroom, 3-bathroom duplex ideal for an owner-occupant or premium rental, two 2-bedroom, 1-bathroom units, and three 1-bedroom, 1-bathroom units. Unit sizes range from approximately 906 to 2,200 square feet, offering a mix of layouts to attract a wide range of tenants or end-users. With the heavy lifting already done, this is a prime opportunity for an investor or developer to customize the final finishes and capitalize on strong rental demand in a fast-growing area.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

6

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1888

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,110 SF

ZONING

B2-3

APN/PARCEL ID

17-19-315-035-0000

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 Notice.