Property Description

Located in the heart of Pilsen, this classic Chicago brick 3-unit building presents an exceptional investment opportunity in one of the city's most vibrant and rapidly appreciating neighborhoods. Each unit features 2 bedrooms and 1 bath, offering highly desirable layouts with strong rental appeal. Current rents are: Basement - $1,300/month, Unit 1 - $1,400/month, and Unit 2 - $1,400/month, with all leases secured through Spring 2027, providing stable, long-term cash flow. Estimated cap rate of 7.5%. Situated on a quiet residential block, the property offers spacious, light-filled units featuring hardwood floors, flexible living spaces, and classic Chicago character. Additional highlights include a full rear outdoor space and easy access to public transportation, major expressways, neighborhood restaurants, coffee shops, art galleries, and the vibrant energy that makes Pilsen so sought after. Ideally located just minutes from Downtown, the Medical District, and the West Loop, this is a rare opportunity to acquire a solid, income-producing asset in a high-demand rental market.

Property Features

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