$505,000
$449,000
12.5%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
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
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Bought with Jorge Rico • United Real Estate Elite