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Turnkey New Construction in West Pilsen 2655 W 21st St 3 Unit Apartment Building $900,000 ($300,000/Unit) 8.67% Cap Rate Chicago, IL 60608
Executive Summary
Recent New Construction perfect for investors looking for a cash flow positive building in an appreciating area of West Pilsen.Three units, each 3 bed/2 bath, featuring modern finishes and thoughtful design throughout. Step inside to find open-concept layouts with abundant natural light, in-unit laundry, and stainless steel appliances in every kitchen. A rear parking pad provides off-street parking for residents. Fully Rented and completely turnkey with a monthly rent roll of $8,250. Located near public transit, parks, and other new construction developments, this is a rapidly appreciating area, with lots of upside for investors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $900,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 3,750 SF |
| Cap Rate | 8.67% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Price | $900,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 8.67% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,750 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.8/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Carpet
- Handrails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,750 | 1,250 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-24-423-012-0000 | Improvements Assessment | $19,580 |
| Land Assessment | $4,420 | Total Assessment | $24,000 |
Property Taxes
Parcel Number
16-24-423-012-0000
Land Assessment
$4,420
Improvements Assessment
$19,580
Total Assessment
$24,000
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Turnkey New Construction in West Pilsen | 2655 W 21st St
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