2312 W 21st Street
Chicago, IL, 60608
$1,000,050
Beds
0 Baths
3,900 SqFt
0 Acres
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$1,000,050
2312 W 21st Street
Chicago, IL, 60608
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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.

Property Details

Price:
$1,000,050
MLS #:
MRD12357005
Status:
Active
Beds:
0
Baths:
0
Address:
2312 W 21st Street
Type:
Commercial
Neighborhood:
CHI – Lower West Side
City:
Chicago
Listed Date:
May 21, 2025
State:
IL
Finished Sq Ft:
3,900
Total Sq Ft:
3,900
ZIP:
60608
Year Built:
1888

Schools

Interior

Exterior

Construction Materials
Brick

Financial

Maintenance Fee
$500
Net Operating Income
$45,960
Tax Year
2023
Taxes
$8,651
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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2312 W 21st Street
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