2312 W 21st ST Chicago, IL 60608

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $256

MLS Listing ID 12357005

Maintenance Fees $500

Year Built 1888

Annual Tax Amount $8,650

Tax Year 2023

Lot Dimensions 24 X 129

Property Sub-Type Multi Family 5+

Property Description

FIRST TIME ON THE MARKET IN 40 YEARS!---SIX UNITS---great investment opportunity in super-hot Pilsen! 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. 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 get requests from the locals to rent there as well. At pro-forma numbers a cap rate of about 9.8 with the existing units OR about 10.3 if the fourth level is made into an additional unit. The Pink Line L is only a half block away, Both the Eisenhower and the Stevenson are only about 10 minutes away as well. This is a very accessible location, lots of shopping and restaurants are near by. ADDITIONAL DETAILS AVAILABLE BY EMAIL---just ask.

Location

State IL

County Cook

Area Chi - Lower West Side

Zoning MULTI

Interior

Fireplace N

Exterior

Utilities Available Sewer Connected, Cable Available

Building

Dwelling Type Multi Family 5+

Water Municipal Water

Level or Stories 4

Structure Type Brick

Listed by Karen Mika • EXIT Strategy Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106