Chicago, IL 60608,2224 W 21st Street
See all 31 photos
Chicago, IL 60608,2224 W 21st Street
Chicago, IL 60608,2224 W 21st Street
Chicago, IL 60608,2224 W 21st Street
Chicago, IL 60608,2224 W 21st Street

$505,000

Est. payment /mo

$449,000

12.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2224 W 21st Street Chicago, IL 60608

11 Beds

3 Baths

SOLD DATE : 03/01/2021

Key Details

Sold Price $505,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

Subdivision Heart Of Chicago

MLS Listing ID 10915893

Sold Date 03/01/21

Style Greystone

Bedrooms 11

Full Baths 3

Year Built 1885

Tax Year 2019

Lot Dimensions 24.1 X 129.3

Property Description

OPPORTUNITY ALERT!!! Solid GREYSTONE 3Flat in Coveted Historic #PILSEN Heart of Chicago Corridor! This Property has been in the family over a lifetime. Competitive priced Estate Sale will yield an AVG After Repair Fair Market Value of $850K. Build sweat equity and improve over time or flip now! Market times in the area are averaging 48 days. All units need updating, however, the first floor tenant is paying $875/mo on a MTM contract. The AVG Market Rent for a 3 bed "as is" property is $950/mo ($32,400/annual income). The Average Market rents for 3 bedroom rehabbed apartments are $1,900-$2,200/mo. That's an estimated $68,400 in annual rental income. These spacious units are currently a variation of 3-4bed/1bath floor plans with separate dining rooms, eat-in kitchens, hardwood floors and tall ceilings on all three levels. Basement ground is broken. A dig out was started but not completed. Charming Decorative Vintage Fire Places in some of the units. Extra Wide 2-Car Flat Roof Brick Garage is ready for a Large deck! Loads of potential. Buy & Flip or Buy, Improve and rent out! Property is being sold "as is." Located walking distance to the "Little Tuscany" dining district, Western & Damen Pink L-Train stops. Enjoy Easy Access to the Medical District, I-290/55, Mariano's, Target, Costco, downtown and all the arts, culture and fun vibes that Pilsen has to offer, from dining to shopping! See 3D tour for more information.

Location

State IL

County Cook

Community Curbs, Gated, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Full

Interior

Heating Space Heater

Fireplace N

Exterior

Exterior Feature Deck, Patio

Garage Detached

Garage Spaces 2.0

Waterfront false

View Y/N true

Roof Type Flat

Building

Lot Description Fenced Yard, Sidewalks, Streetlights

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

Elementary Schools Pickard Elementary School

High Schools Juarez High School

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Karla Mina • MPower Residential Brokerage LLC
Bought with Jorge Rico • United Real Estate Elite

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Free Account Required