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2222 W 21st St 6 Unit Apartment Building $825,000 ($137,500/Unit) Chicago, IL 60608
INVESTMENT HIGHLIGHTS
- Approved Plans for 6 Units | 3 Car Parking
- B2-3 Zoning
- New Construction in Rear Half of Building
- Generous-Sized Floor Plans
- Majority of Building Framed Out & Ready for Completion
- Steps to CTA Pink Line
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 7,500 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1888 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Zoning | B2-3 | ||
| Price | $825,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.07 AC |
| Building Size | 7,500 SF |
| No. Stories | 3 |
| Year Built | 1888 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | B2-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 4+3 | 1 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 17-19-315-035-0000 | Improvements Assessment | $43,456 |
| Land Assessment | $11,100 | Total Assessment | $54,556 |
PROPERTY TAXES
Parcel Number
17-19-315-035-0000
Land Assessment
$11,100
Improvements Assessment
$43,456
Total Assessment
$54,556
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2222 W 21st St
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