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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 910-5022

$ 925,000

Est. payment -/mo

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Price Dropped by $50K

2152 W 21st ST Chicago, IL 60608

5,978 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,978 sqft

Price per Sqft $154

MLS Listing ID 12628812

Year Built 1888

Annual Tax Amount $14,465

Tax Year 2024

Lot Size 3,049 Sqft

Lot Dimensions 24 X 129.6

Property Sub-Type Multi Family 5+

Property Description

This well-maintained brick multifamily property presents a compelling investment opportunity with both strong in-place income and significant upside potential. The asset is currently configured as a 6-unit building with a 7th non-conforming unit (4R), which is presently duplexed into the 3rd-floor rear unit (3R), creating an expansive 4-bedroom, 2-bath residence. The remaining units offer a desirable unit mix, with two units already renovated, allowing investors to immediately benefit from increased rents while continuing to execute a value-add strategy across the balance of the property. Additional features include a 2-car garage, basement storage, and common laundry, further enhancing tenant appeal and operational efficiency. Located just steps from the CTA Pink Line, the property offers excellent accessibility and strong rental demand driven by proximity to public transit and surrounding neighborhood amenities. Ownership has secured approvals to expand the property to a total of 9 units, including the addition of two affordable units, providing a clear path to increased density and long-term value creation. With the ability to further renovate units and capitalize on the approved expansion, this offering represents an attractive opportunity for investors seeking both stabilized cash flow and meaningful upside in a transit-oriented location.

Location

State IL

County Cook

Area Chi - Lower West Side

Zoning MULTI

Rooms

Basement Partially Finished, Unfinished, Exterior Entry, Storage Space

Interior

Cooling Central Air, Central Individual

Fireplace N

Exterior

Roof Type Fiberglass

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Concrete,Aluminum Siding,Block

Listed by Angelo Labriola of Sperry Van Ness

Nearby School & Business

AFFORDABILITY CALCULATOR

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Your debt-to-income ratio is 36%
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MY BLOGS

Vacant Land Scams are REAL

About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow

less is more, unless, it’s for less.

I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds

Contact Us

Phone

+1(847) 910-5022

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL, 60005, USA