2632 W 21st St - 2025 Build in West Pilsen 3 Unit Apartment Building Offered at $885,000 at a 8.59% Cap Rate in Chicago, IL 60608
EXECUTIVE SUMMARY
Brand New 3-unit in Booming West Pilsen. Fully Rented for a total rent roll of 8,075/month!!! Beautiful, modern units perfect for a seasoned investor looking to add a great long-term hold to their real estate portfolio. It is located in a great pocket of West Pilsen, which has strong rental demand and upside appreciation. All units include every luxury amenity that you would expect, including 3 beds/ 2 baths, in-unit laundry, off-street parking, modern kitchens and bathrooms. Property Management can be arranged for any out-of-state investors. 10% Investor loan available from Federal Savings Bank
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $885,000 |
| Price Per Unit | $295,000 |
| Sale Type | Investment |
| Cap Rate | 8.59% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,750 SF |
| Average Occupancy | 66% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.8/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | $2,600 | - |
1 of 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 16-24-416-035-0000 | Total Assessment | $4,315 (2024) |
| Land Assessment | $4,315 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
