Address
1759 W 21st Street, Chicago, IL
Price
$ 1,200,000
Property Attributes
- MLS#11974159
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Lower West Side
- NeighborhoodLower West Side
- Zip60608
- Style
- Year Built1884
- Taxes$ 16218
- Price$ 1,200,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
1759 W. 21st St is a seven (7) unit building in Chicago's historic Pilsen Neighborhood. An attractive location for tenants, this particular property is just blocks away from 18th Street, home to some of Chicago's most underrated restaurants. Located two blocks away from Damen Train Station, the property provides quick and easy transit via public transportation to Chicago's Downtown. 1759 W. 21st is conveniently comprised of two (2) 1Bd/1Ba, four (4) 2Bd/1Ba, and one (1) 3Bd/1Ba units. Highlights include modern finishes with LVP flooring, along with updated mechanical systems. Plus, each unit has its own furnace and hot water tank, furthermore adding to a potential new owner's net operating income stream. 1759 W. 21st presents an investor with the opportunity to raise rents increasingly through a value-add approach to new ownership. In doing so, its new owner will realize a cap rate over 8% and a cash return of 10.49%.
| Price History | |
|---|---|
| 2/29/2024 | Listed $1,200,000 |
General Features
| Year Built | 1884 |
|---|---|
| Tenant Pays | Electricity,Heat,Hot Water |
| Stories | 3 |
| Tax Year | 2022 |
| Gross Income | 108000 |
| County | Cook |
| Net Operating Income | 72000 |
| Operating Expense | 32760 |
| Insurance Expense | 3000 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 1500 |
| Status | Active |
| Directions | Heading North on S. Ashland Ave,pass W Cermak Road and head two blocks north,turning left to go west down W 21st Street. Driving two blocks west,the building is on the corner of S Wood Street and W 2 |
| City | Chicago |
| Total Units | 7 |
| MLS Area | CHI - Lower West Side |
| Street Name | 21st |
| Tax Annual Amount | 16218 |
| Electric Expense | 337 |
| Fuel Expense | 457 |
| Trash Expense | 829 |
| Water Sewer Expense | 2681 |
| Additional Parcels Y/N | No |
| Days on Market | 44 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Lot Dimensions | 25' X 125' |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60608
Price
Taxes
Visits
Year Built
