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$ 1,550,000
Est. payment | /mo
6,204 SqFt
$ 1,550,000
Est. payment | /mo
6,204 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 6,204 sqft
Price per Sqft $249
MLS Listing ID 12611892
Year Built 1888
Annual Tax Amount $14,867
Tax Year 2024
Lot Size 3,049 Sqft
Lot Dimensions 24X124
Property Sub-Type Multi Family 5+
Property Description
This well-maintained 7-unit brick apartment building presents an excellent investment opportunity in Chicago's Pilsen neighborhood. The property features a desirable and diversified unit mix consisting of one (1) 3 Bed / 2 Bath unit, two (2) 2 Bed / 1 Bath units, and four (4) 1 Bed / 1 Bath units, appealing to a broad tenant base ranging from young professionals to small families. The units have been updated with modern finishes, including contemporary flooring, neutral paint palettes, and refreshed kitchens and baths, creating strong rental appeal and minimizing immediate capital expenditure requirements. As illustrated in the sample unit photo, the apartments offer clean, modern interiors with excellent natural light and functional layouts. Situated on an alley lot, the building benefits from abundant natural light and enhanced privacy across the units. The full basement features high ceilings, presenting a clear value-add opportunity for a potential future ADU (Accessory Dwelling Unit) or additional income-producing space, subject to zoning and City approval. Tenants enjoy the convenience of an on-site washer and dryer amenity, further strengthening retention and rentability. With solid masonry construction, updated interiors, and additional upside potential, this property offers both stable in-place income and a strategic opportunity for further value creation in one of Chicago's most sought-after rental submarkets.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning MULTI
Rooms
Basement Cellar, Exterior Entry
Interior
Cooling Central Individual, Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Angelo Labriola of Sperry Van Ness
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