2312 W 21st St - Multi-Family FOR SALE


Chicago, IL 60608- Lower West Side
$1,050,000 USD
773-294-7534
2312 W 21st St, Chicago, IL for Sale
$1,050,000 USD
Multi-Family - FOR SALE
1/69
null | 4.38% Cap Rate

2312 W 21st St
Chicago, IL 60608
Lower West Side


HIGHLIGHTS

  • THIS IS READY FOR A RENT UPSIDE, MOST TENANTS ARE MONTH TO MONTH
  • 9 TO 10 CAP IS POSSIBLE
  • FIVE OF SIX UNITS ARE REHABBED
  • RIGHT NEXT TO THE PINK LINE
  • EASY ACCESS TO THE EISENHOWER, STEVENSON, DOWNTOWN CHICAGO

OVERVIEW

P I L S E N 6-FLAT FOR SALE 2312 West 21st St.,Chicago, Illinois 60608 (Just east of Western, west of Damen, 2 way street) COME GET YOUR 6 FLAT IN RED HOT PILSEN FIRST TIME ON THE MARKET IN 40 YEARS!---SIX UNITS Great investment opportunity in a terrific neighborhood!    Well maintained property with three 2-bedrooms and three one-bedrooms.  FIVE of the six units are very nicely rehabbed, the sixth one in decent condition, all have separate heat, 2R has actual AC.   The fourth level has the front half finished with a vacant studio The rest is semi-finished--this could be a large seventh unit, rear deck is also FOUR stories.  Most mechanicals have been updated including plumbing, electrical, heating, hot water tanks, tuckpointing.   The roof is in good condition as well.  The rents are currently below market, cap rate at 4.3.  4 tenants are M-T-M, two are on leases.  Two car garage will also add additional income.  There is room to improve. Owner constantly gets requests from the locals to rent there as well.   At pro-forma numbers a cap rate of about 9.8  is possible with the existing units  OR about 10.3 if the fourth level is made into an additional unit.  TWO CAR GARAGE RT-4 ZONING 3096 SF lot (per the county 24X129 About 3900 building square feet Low---2024 TAXES---$8650 VERY ACCESSIBLE LOCATION  Only half a block to the PINK LINE!  10 MINUTES TO EISENHOWER OR THE STEVENSON  Right by Petes Market and Harrison Park, easy access to the Loop  Close to lots of shopping and restaurants and a lot more

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

6

PRICE/UNIT

$175,000

CAP RATE

4.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SIX FLAT IN PILSEN

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1898

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RT-4

APN/PARCEL ID

17-19-314-040-0000

ASK ABOUT THIS PROPERTY

Alberto GonzalezExit Strategy RealtyMore Info
773-294-7534

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Alberto GonzalezExit Strategy RealtyMore Info
773-294-7534

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