1754 W 21st Place, Chicago, IL, 60608

1754 W 21st Place Chicago, IL 60608

1754 W 21st Place, Chicago, IL, 60608
1754 W 21st Place, Chicago, IL, 60608 1754 W 21st Place, Chicago, IL, 60608 1754 W 21st Place, Chicago, IL, 60608 1754 W 21st Place, Chicago, IL, 60608 1754 W 21st Place, Chicago, IL, 60608 1754 W 21st Place, Chicago, IL, 60608 1754 W 21st Place, Chicago, IL, 60608
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$850,000
Last Verified:
Apr 18, 2024

Highlights

  • Renovated 3-flat building with modern updates
  • Spacious 4-bed/2-bath duplex units
  • High ceilings for an airy, open feel
  • Below Market Rents
  • In-unit laundry and dishwashers for convenience
  • Short walk to CTA Pink Line for easy transit
  • Gated parking in the rear for added security
  • Qualifies for 30-year mortgage for financing options
  • Option to live in one unit and have rental income opportunity

Description

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.

Discover the vibrant potential of this exciting Chicago neighborhood! Situated in the heart of Chicago, this area offers proximity to Pilsen's trendy art scene, renowned dining experiences, and excellent public transportation options. The property is a stone's throw away from the National Museum of Mexican Art and Thalia Hall, providing an array of cultural and entertainment opportunities for future tenants. Surrounded by community parks and a variety of local businesses, the location offers the perfect fusion of urban energy and neighborhood charm. With its strategic positioning and the area's growing appeal, the property presents an enticing opportunity for a Multifamily/Low-Rise/Garden investor seeking to capitalize on Chicago's thriving market.

Building Size: 4800sq ft
Lot Size: 0.07 acres


Documents

1754 W 21st Place | Sales Offering | 4/24

Map of 1754 W 21st Place, Chicago, IL, 60608

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.