2213 W 23rd Pl - Apartments FOR SALE


Chicago, IL 60608- Lower West Side
$1,050,000 USD
312-286-0427
2213 W 23rd Pl, Chicago, IL for Sale
$1,050,000 USD
Apartments - FOR SALE
1/16
null | 8.38% Cap Rate

2213 W 23rd Pl
Chicago, IL 60608
Lower West Side


HIGHLIGHTS

  • 2213 W 23rd Place presents the market with a rare opportunity to acquire a modern, recently renovated five-unit multifamily building in Chicago.
  • Located in the highly desirable Pilsen neighborhood just two miles from Downtown Chicago with access to Metra CTA stations and restaurants.
  • Turnkey investment opportunity presenting an investor with recently modernized units and 100% occupancy.
  • Offers a rare opportunity to acquire a stake in the thriving Chicago Multifamily Market with dwindling vacancy and rapidly increasing rates.
  • Current ownership invested heavily with updates to the electric and plumbing in all units and a full gut renovation in 2020.

OVERVIEW

2213 W 23rd Pl is a five-unit multifamily property in the popular Pilsen neighborhood. Located in the heart of Italy pocket of Pilsen, this property is in a popular area for residents looking for a quieter, more residential area while enjoying the restaurants in the area. This asset was completely gut renovated in 2020 and features an attractive unit mix of two two-bedroom, one-bath units and three three-bedroom, two-bath units. All units in the front include high-end kitchens and baths with in-unit washers and dryers and central HVAC, while the coach house units have in-unit washers and dryers and central heat and window AC. The building includes many capex updates, including updated electric and plumbing in all units. The monthly rent roll averages $9,200.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

3

PRICE/UNIT

$350,000

CAP RATE

8.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1887

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RS-3

APN/PARCEL ID

17-30-113-019-0000

ASK ABOUT THIS PROPERTY

Lawrence DunningMain Street Real Estate GroupMore Info
312-286-0427

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Lawrence DunningMain Street Real Estate GroupMore Info
312-286-0427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.