Essex Realty Group, Inc. is pleased to present 2216 W. 21st Pl., a 6-unit brick, walk-up building in Chicago’s vibrant Pilsen neighborhood.
This property boasts a unit mix of six (6) two-bedroom / one-bath unit apartments. In 2023, the property had undergone a significant renovation, and some of the apartment improvements consisted of new kitchens (cabinetry, stone countertops, stainless steel appliances), updated bathrooms (vanity, sink, faucet, toilet, tile work), and flooring. All the units feature individual HVAC systems and domestic hot water tanks. Additional building upgrades included upgrading the electric service to 400 AMP, brick tuck pointing, and copper plumbing throughout. The property also offers two (2) surface parking spaces in the rear that provide additional income.
This turnkey opportunity in Pilsen offers savvy investors the chance to acquire a well-maintained, income-generating asset with significant growth potential. With rental rates below market value, investors can easily enhance cash flow while capitalizing on the property's strong performance.