1754 21St PlChicago, IL 60608

Property Details for 1754 21St Pl

Year built

1883

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

1,971 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

17-19-424-024

APU

1719424024

Description

This exceptional 3-unit multifamily property in Chicago's vibrant 60608 zip code presents a compelling investment opportunity. The building, situated on a 3,125 square foot lot, boasts a total of 4,800 square feet and features a spacious 4-bedroom, 2-bathroom duplex unit, along with two additional full-floor units. Renovated in 2018, the property includes modern amenities such as in-unit laundry and dishwashers, enhancing tenant appeal. The building's three stories are permitted under RT-4 zoning. Conveniently located near the CTA Pink Line, residents enjoy easy access to public transportation. Gated rear parking provides security and convenience for residents. The property's current rents are below market value, offering significant potential for increased income upon lease renewal. This owner-user opportunity allows for the possibility of living in one unit while generating rental income from the others. The property's proximity to cultural attractions like the National Museum of Mexican Art and Thalia Hall, combined with nearby parks and local businesses, creates a desirable living environment. This is a fantastic opportunity for an investor seeking a strong return in a thriving Chicago neighborhood. The asking price is $850,000, translating to $177.08 per square foot and $283,333.33 per unit. Financing options include a 30-year mortgage.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8534

Longitude

-87.6707

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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