2152 W 21st Street, Chicago, IL 60608
2152 W 21st Street, Chicago, IL 60608
2152 W 21st Street, Chicago, IL 60608
2152 W 21st Street, Chicago, IL 60608
2152 W 21st Street, Chicago, IL 60608
2152 W 21st Street, Chicago, IL 60608
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Listed by Angelo Labriolaof Sperry Van Ness
$ 975,000
Est. payment | /mo

5,978 SqFt


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$ 975,000
Est. payment | /mo
Save

5,978 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,978 sqft

Price per Sqft $163

MLS Listing ID 12628812

Year Built 1888

Annual Tax Amount $14,465

Tax Year 2024

Lot Size 3,049 Sqft

Lot Dimensions 24 X 129.6

Property Sub-Type Multi Family 5+

Property Description

This well-maintained brick multifamily property presents a compelling investment opportunity with both strong in-place income and significant upside potential. The asset is currently configured as a 6-unit building with a 7th non-conforming unit (4R), which is presently duplexed into the 3rd-floor rear unit (3R), creating an expansive 4-bedroom, 2-bath residence. The remaining units offer a desirable unit mix, with two units already renovated, allowing investors to immediately benefit from increased rents while continuing to execute a value-add strategy across the balance of the property. Additional features include a 2-car garage, basement storage, and common laundry, further enhancing tenant appeal and operational efficiency. Located just steps from the CTA Pink Line, the property offers excellent accessibility and strong rental demand driven by proximity to public transit and surrounding neighborhood amenities. Ownership has secured approvals to expand the property to a total of 9 units, including the addition of two affordable units, providing a clear path to increased density and long-term value creation. With the ability to further renovate units and capitalize on the approved expansion, this offering represents an attractive opportunity for investors seeking both stabilized cash flow and meaningful upside in a transit-oriented location.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Partially Finished, Unfinished, Exterior Entry, Storage Space

Interior

Cooling Central Air, Central Individual

Fireplace N

Exterior

View Y/N true

Roof Type Fiberglass

Building

Foundation Concrete Perimeter

Structure Type Brick,Concrete,Aluminum Siding,Block

Midwest Real Estate Data (MRED) VOW

NEARBY SCHOOLS & PROPERTIES

Serene Realty, Inc

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+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States

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2152 W 21st Street