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$775,000
3,900
square ft

2312 W 21st Street
Chicago, Illinois 60608

Closed / MLS #12357005 / Multiple Family / Lower West Side
Listing information updated 10/30/2025 at 6:03am
FIRST TIME ON THE MARKET IN 40 YEARS!---SIX UNITS---great investment opportunity in super-hot Pilsen! Well maintained property with three 2-bedrooms and three one-bedrooms. FIVE of the six units are very nicely rehabbed, the sixth one in decent condition, all have separate heat, 2R has actual AC. **The fourth level has the front half finished with a vacant studio, the rest is semi-finished--this could be a large seventh unit**, rear deck is also FOUR stories. Most mechanicals have been updated including plumbing, electrical, heating, hot water tanks, tuckpointing. Roof is in good condition as well. The rents are currently below market, cap rate at 4.3. 4 tenants are M-T-M, two are on leases. Two car garage will also add additional income. There is room to improve. Owner constantly get requests from the locals to rent there as well. At pro-forma numbers a cap rate of about 9.8 with the existing units OR about 10.3 if the fourth level is made into an additional unit. The Pink Line L is only a half block away, Both the Eisenhower and the Stevenson are only about 10 minutes away as well. This is a very accessible location, lots of shopping and restaurants are near by. ADDITIONAL DETAILS AVAILABLE BY EMAIL---just ask.
Exterior Type:
Brick
Water Front:
No
Square Feet:
3,900
Built:
1888
Stories:
4
Current Use:
Multi-Family
Zoning:
MULTI
Building Square Feet:
3,900
Current Net Income:
$45,960
Unit 1:
4 room(s) / 1 bed(s) / 1 bath(s)
Unit 2:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 3:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 4:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 5:
4 room(s) / 1 bed(s) / 1 bath(s)
Tax Amount:
$8,650
Tax Year:
2023
Zip Code:
60608
City:
Chicago
County:
Cook

Listing Office: EXIT Strategy Realty

Listing Office Phone: 312.554.5478

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/30/2025 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Lower West Side, IL

Situated just three miles southwest of The Loop, The Lower West Side has evolved as a diverse hub with neighborhoods such as Pilsen and Heart of Chicago. In Pilsen, bold murals and street art can be found in seemingly unexpected places, highlighting the neighborhood’s artistic energy and vibe. Loc...

Metra

Metra
BNSF Railway line at S Western Ave Metra

CTA

CTA
Pink line at Western
$505,846
Average Sale Price
84
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 2312 W 21st Street, Chicago, IL 60608
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2312 W 21st Street, Chicago, IL 60608 is a multiple family which sold for $775,000. This multiple family has been listed on @properties Christie's International Real Estate since May 21st, 2025 and was built in 1888. The nearest transit stops include Western CTA Pink line and S Western Ave Metra Metra BNSF Railway line.

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