1754 21St PlChicago, IL 60608

For Sale
$850,000

Renovated 3-flat, prime location, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Renovated 3-unit multifamily building with modern updates.
  • Spacious 4-bedroom, 2-bathroom duplex unit, plus two additional full-floor units.
  • Below-market rents offering significant income growth potential.
  • In-unit laundry and dishwashers.
  • Conveniently located near the CTA Pink Line.
  • Gated rear parking.

Property Details for 1754 21St Pl

Property type
Multifamily properties, Apartment buildings
Square Feet
4,800 SF
Year Renovated
2018
Buildings
1
Stories
3
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.853173354692
Longitude
-87.670702727062
1754 21St Pl, Chicago, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1754 21St Pl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message