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2312 W 21st ST Chicago, IL 60608
3,900 SqFt
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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
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Listed by Karen Mika • EXIT Strategy Realty