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Listed by Reed Meyerof Lease312INC
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Est. payment /mo
New
1801 W 21st ST Chicago, IL 60608
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12697652
Year Built 1884
Annual Tax Amount $16,675
Tax Year 2024
Lot Dimensions 25' X 125'
Property Sub-Type Multi Family 5+
Property Description
5-unit multifamily investment opportunity in Chicago's historic Pilsen neighborhood! The property features four 2BR/1BA units and an incredibly spacious, detached rear Coach House (3BR/1BA) - offering a high-demand mix with strong rental upside. Interiors feature updated finishes and classic wood flooring throughout. Units have central heat and shared laundry. Laundry is shared in the basement. Highly desired location just blocks from 18th Street's dining scene and a quick two-block walk to the Damen Pink Line station for an effortless downtown commute. Current revenue is 107K and market revenue is ~115k. Buy at a 10x GRM and stabilize at a 9.5x GRM or ~7 per cent Cap Rate
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
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