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Listed by Angelo Labriolaof Sperry Van Ness
$ 825,000
Est. payment | /mo
7,500 SqFt
$ 825,000
Est. payment | /mo
7,500 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $110
MLS Listing ID 12489913
Year Built 1888
Annual Tax Amount $10,997
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 24X125
Property Sub-Type Multi Family 5+
Property Description
Introducing a rare redevelopment opportunity in the heart of Chicago's vibrant Pilsen neighborhood at 2222 W 21st Street. This expansive brick building, complemented by a newly constructed rear addition, has undergone significant structural upgrades including full interior gutting, reinforcement, and the initial framing of approved new floor plans. All necessary permits and architectural plans have been secured and approved by the City of Chicago, offering a seamless path for a new owner to take the project across the finish line. Once completed, the property will consist of six thoughtfully designed units: a spacious 4-bedroom, 3-bathroom duplex ideal for an owner-occupant or premium rental, two 2-bedroom, 1-bathroom units, and three 1-bedroom, 1-bathroom units. Unit sizes range from approximately 906 to 2,200 square feet, offering a mix of layouts to attract a wide range of tenants or end-users. With the heavy lifting already done, this is a prime opportunity for an investor or developer to customize the final finishes and capitalize on strong rental demand in a fast-growing area.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Sewer Connected, Water Available
View Y/N true
Building
Water Municipal Water
Structure Type Brick,Concrete
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States