Description
Rare 4-Unit in the Heart of Pilsen! Exceptional investment opportunity on an approximately 25' x 125' corner lot (per survey) with RT-4 zoning (buyer to verify). Rare opportunity to acquire a legal 3-unit PLUS a separate coach house in one of Chicago's most sought-after investment neighborhoods. Coach house with front door direct access to Wood Street, allowing it to function much like a standalone single-family home. The front building offers a spacious first-floor duplex-down with soaring ceilings and finished lower level, a rear first-floor 2-bedroom with excellent duplex potential, and a bright, sun-filled second-floor 2-bedroom. The coach house features its own private entrance, lofted ceilings, a 2-bedroom/1-bath layout, and a full unfinished basement offering exceptional storage and future expansion potential. Substantially renovated in 2003, the property features separate electric service and HVAC for all four units. Additional improvements include a front building roof replacement (approximately six years ago) and a new furnace and central air system in the coach house (2025). Offered AS-IS, the property is ready for thoughtful updating and presents an outstanding value-add opportunity. Lovely long-term tenants provide stable in-place income while offering significant upside through future renovations, lease optimization, and rent growth. Current Gross Income: $44,280/year ($3,690/month) Current Rent Roll * Unit 1F: 1BR/1BA duplex-down | $1,100/month | Lease through 5/31/27 * Unit 1R: 2BR/1BA | $700/month | Month-to-month * Unit 2F: 2BR/1BA | $690/month | Month-to-month * Coach House: 2BR/1BA | $1,200/month | Month-to-month Three of the four units are month-to-month, providing immediate flexibility to implement a value-add strategy while maintaining current cash flow. Ideally located in the heart of Pilsen, just steps from the vibrant 18th Street corridor featuring neighborhood favorites including 5 Rabanitos, Los Comales, Pizza Nova, and Carniceria Maribel. Conveniently located near the CTA Pink Line, UIC, the Illinois Medical District, and Downtown Chicago. First showings by appointment only July 10, 11 & 12. Buyer to independently verify zoning, legal unit count, redevelopment potential, and all property information.
Details
| MLS # | 12729584 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1873 |
| Days On Site | 30 |
| Listing Provided By | @properties Christie's International Real Estate | Anne Connolly Rief |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 |
| Zoning | MULTI |
Interior
| Rooms Total | 21 |
|---|---|
| Heating | Natural Gas |
Exterior
| Exterior Features | Balcony |
|---|---|
| Construction Materials | Aluminum Siding, Vinyl Siding, Steel Siding |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 15871.75 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60608 |
| Area | CHI Lower West Side |
| School District | Juarez High School |
| Elementary School | Cooper Elementary School Dual La |
| High School | Juarez High School |
| Listing VS Median (in 60608) | |
Price: $619,000 low | high Med: $326,500 On site: 30 low | high Med: 21 | |
Market Activity 60608
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60608 |
| Area | CHI Lower West Side |
| School District | Juarez High School |
| Elementary School | Cooper Elementary School Dual La |
| High School | Juarez High School |
| Listing VS Median (in 60608) | |
Price: $619,000 low | high Med: $326,500 On site: 30 low | high Med: 21 | |
 | $2,300,0001759 W 21st StreetChicago, IL 60608 |