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$ 445,000
Est. payment | /mo
5 Beds
3 Baths
$ 445,000
Est. payment | /mo
5 Beds
3 Baths
Open House
Sun May 31, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12659072
Bedrooms 5
Year Built 1875
Annual Tax Amount $5,782
Tax Year 2024
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Located in the heart of Pilsen, this classic Chicago brick 3-unit building presents an exceptional investment opportunity in one of the city's most vibrant and rapidly appreciating neighborhoods. Each unit features 2 bedrooms and 1 bath, offering highly desirable layouts with strong rental appeal. Current rents are: Basement - $1,300/month, Unit 1 - $1,400/month, and Unit 2 - $1,400/month, with all leases secured through Spring 2027, providing stable, long-term cash flow. Estimated cap rate of 7.5%. Situated on a quiet residential block, the property offers spacious, light-filled units featuring hardwood floors, flexible living spaces, and classic Chicago character. Additional highlights include a full rear outdoor space and easy access to public transportation, major expressways, neighborhood restaurants, coffee shops, art galleries, and the vibrant energy that makes Pilsen so sought after. Ideally located just minutes from Downtown, the Medical District, and the West Loop, this is a rare opportunity to acquire a solid, income-producing asset in a high-demand rental market.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Other
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Frame, No
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition REO/Lender Owned
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Christine Jankelow of Compass
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Aaron Gaines
REALTOR® | Lic# 475177288