See all 15 photos
15 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,500,000
Est. payment /mo
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12437527
Year Built 1889
Annual Tax Amount $12,613
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 2,976 sf
Property Sub-Type Multi Family 5+
Property Description
Incredible Value-Add Opportunity in the Heart of Pilsen! This 7-unit building offers solid in-place income with significant upside. Four front units have been fully renovated, including the owner's spacious 2-bedroom unit on the first floor, and three tenant-occupied units above. The top-floor unit is a bright, open-concept 1-bedroom with incredible city skyline views. All finished units feature modern finishes and dishwashers. The three rear units are gutted and framed for 2-bedroom layouts, with rough plumbing and electrical already in place-offering a head start for future build-out. A new rear staircase/exterior exit will be required to complete those units. Pro Forma Potential: Once the three rear units are completed, projected gross income is $166,200 annually based on market rents: 2-Bedroom Units @ $2,000/month 1-Bedroom Units @ $1,850/month Building upgrades include a recent silver-coated roof, all copper plumbing, new electrical panels, and individual furnaces and water heaters for each unit. Tenants pay their own gas and electric; owner only pays water. A common washer and dryer is available for tenants on the second floor (currently free), with additional hookups already in place for more machines. The property also includes a full side lot to the east-ideal for outdoor space, parking, or future development. The basement features a finished room with a kitchen and bathroom, currently used as a hangout space-could serve as a non-conforming studio. An excellent opportunity for investors or live-in owners in one of Chicago's most dynamic and fast-growing neighborhoods.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
Read Less Info
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tyler Jimenez • Listing Leaders Northwest, Inc
GET MORE INFORMATION
Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com