1754 W 21st Place
Chicago, IL 60608

Status: Active
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $850,000
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About this home

Introducing a prime investment opportunity in Chicago's thriving market! This renovated 3-flat low-rise presents the ideal blend of modern convenience and urban comfort. With a spacious 4-bed/2-bath duplex layout, high ceilings, in-unit laundry, and dishwashers, each unit offers a premium living experience. The property's close proximity to the CTA Pink Line ensures convenient citywide access for residents. Boasting gated parking in the rear, this well-maintained building provides security and convenience. Renovated in 2018 and zoned RT-4, this 4, 800 SF property exemplifies the potential for a multifamily/low-rise/garden investor seeking a standout opportunity in Chicago's dynamic real estate landscape. Fantastic opportunity for owner occupant looking for rental income to assist with mortgage. Current rents are way below market allowing for new ownership to add value upon lease renewal.

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 25X125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1880
Parking Total 2
Exterior Building Type Brick
Parking Space/s
Rehab Year 2018
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Lower West Side
Corporate Limits Chicago
Directions 18th St & Ashland Ave, South to 21st Pl, West 2 blocks to 1754 on the North Side of the Street.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Slab
Basement Bathrooms No
Basement None
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 25
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1700
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 06/24
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number G
Square Feet 1097
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1925
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1073
unit 3
Beds Total 4
Baths Total 2
Actual Rent 2500
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 08/24
Rooms Total 12
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 2070

Financials

Gross Rental Income $78,657
Net Oper Income $63,344
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 17194240240000
Special Assessments U
Taxes $8,751
Tax Exemptions None
Tax Year 2022
$850,000 Listing Price:
MLS # 12028236
Investment Profile Residential Income
Listing Market Time 21 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 04/12/2024
Year Built 1880
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