1824 W 22nd Place
Chicago, IL 60608

Status: Active
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $829,000
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About this home

Welcome to this legal 4-unit multifamily that is fully leased. The building is nestled in the heart of Pilsen, one of Chicago's most vibrant and culturally rich neighborhoods. Professionally rehabbed in 2021 and updated with new plumbing, HVAC, mechanicals, and meticulous attention to detail. This multifamily gem offers four distinct 2-bedroom, 1-bathroom units. The brand new kitchens boast high-end stainless steel appliances, quartz counter tops, and ample storage space. There is an in building laundry room with a designated W/D per unit. Tenants cover their electric and gas expenses. There are two parking pads in the rear of the building. The property sits on a quiet culdesac street. Walking distance from CTA pink line and multiple CTA bus stops. The building has been professionally managed, and easy to rent with some of the highest rents in the neighborhood. Whether you're a seasoned investor looking for a profitable addition to your portfolio or a newcomer seeking an income-generating property, this 4-unit multifamily with its prime location and modern finishes is an opportunity not to be missed. Listing agent MUST accompany 48 hour noticed REQUIRED.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1895
Parking Total 2
Exterior Building Type Brick
Parking Features Enclosed
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2019
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Lower West Side
Corporate Limits Chicago
Directions Wood st to 22nd PL - West to Property
Equipment CO Detectors, Multiple Water Heaters
Elementary School Abbott Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Water Lake Michigan
Jr High/Middle Dist 299
Subdivision Pilsen
Township West Chicago
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 20
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1645
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Range Hood
Full Baths Total 1
Lease Expiration Date 5/25
Rooms Total 5
Security Deposit NONE
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1550
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Range Hood
Full Baths Total 1
Lease Expiration Date 6/25
Rooms Total 5
Security Deposit NONE
Tenant Pays Electric,Gas
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1705
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 7/25
Rooms Total 5
Security Deposit NONE
Tenant Pays Electric,Gas
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1600
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 7/25
Rooms Total 5
Security Deposit NONE
Tenant Pays Electric,Gas
Floor Number 2
Property / Lot Details
Lot Dimensions 2400
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Rental Income 74040
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 17302010310000
Special Assessments N
Taxes $3,165
Tax Exemptions None
Tax Year 2023
$829,000 Listing Price:
MLS # 12123798
Investment Profile Residential Income
Listing Market Time 50 days
Basement None
Type Unit 4 Flat
Number of Units in Building 4
Parking Space/s
List Date 08/08/2024
Year Built 1895
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