1. Illinois
2. Chicago
3. 2312 W 21st Street

2312 W 21st Street, Chicago, IL 60608

• 3,900 sqft

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.

Listing Status:

Active

Listing Office:

EXIT Strategy Realty : 630-881-3248

Listing Agent:

Karen Mika : 630-881-3248

MLS ID:

12357005

Interior

• Fireplace: Fireplaces: 0

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Karen Mika, EXIT Strategy Realty