For Sale
$1,250,000

2159 Adams St Chicago, IL 60612

Chicago 3-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 2017-built, three-unit apartment building at 2159 West Adams Street in Chicago's vibrant United Center Park neighborhood presents a compelling investment opportunity. Boasting 4,500 square feet on a 3,300 square foot lot, this property features three condo-quality units, each offering three bedrooms and two bathrooms. Modern kitchens and bathrooms, hardwood floors, and steel decks enhance the appeal. Each unit averages $2,750 in monthly rent, generating a gross annual income of $96,000. The property's design prioritizes minimal landlord expenses, maximizing profitability. On-site parking is available for residents. The building is currently fully occupied, providing immediate cash flow. Located in Cook County, IL, zip code 60612, this property is zoned RM-5. This is a rare chance to acquire a high-performing multifamily asset in a desirable Chicago location. The asking price is $1,250,000.

Highlights

  • All three units are currently occupied, generating immediate cash flow.
  • Gross annual income of $96,000, with average monthly rent of $2,750 per unit.
  • Low landlord expenses maximize profitability.
  • Each of the three units features three bedrooms and two bathrooms.
  • Condo-quality finishes throughout.
  • Units include private steel decks.

Property Details for 2159 Adams St

Property type
Apartment buildings
Square Feet
4,500 SF
Year Built
2017
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.878386
Longitude
-87.681287
2159 Adams St, Chicago, Illinois

FAQs

What type of property is this?
Apartment building - Chicago 3-unit apartment building, high ROI.
Where is the apartment building located?
The property is located at 2159 Adams St Chicago, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: All three units are currently occupied, generating immediate cash flow.; Gross annual income of $96,000, with average monthly rent of $2,750 per unit.; Low landlord expenses maximize profitability.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2159 Adams St
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