2157 W 21st Street
Chicago, IL 60608

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Description

Prime investment opportunity in the vibrant Heart of Chicago! This mixed-use property offers two street-level commercial units totaling 2,700 sq ft, plus a 3,000 sq ft basement ideal for storage, expansion, or added income. The upper floors feature five spacious residential units-two 2-bed/1-bath, two 3-bed/1-bath, and one 4-bed/1.5-bath-each boasting beautiful original stained-glass windows and elegant ceiling moldings that infuse timeless charm. A rare 6-car garage provides convenience and security. Just a 9-minute walk to the L, 17 minutes to Rush University Medical Center by train (10 by car), and close to shopping and dining, this property combines size, location, and exceptional investment potential. Property vacant. Sold AS-IS.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60608
• Year Built: 1883
• Sq.Ft.: 6,504 sq ft
• Stories: 3
• Units: 7 units
• Zoning: COMMR
• # Of Apts: 5
• # Of Stores: 3
• Approximate Age: Older
• Building Area Total: 6504
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Western South, Left on W 21st Street, 2 blocks down, located corner of W 21st St and Leavitt St.
• Electric Expense: 3670
• Electric Expense Source: Owner Projection
• Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
• Flooring: Wood
• Foundation Details: Concrete Perimeter
• Fuel Expense: 800
• Geographic Locale: Chicago West, Chicago Southwest
• Gross Income: 124800
• Gross Rent Multiplier: 7.6
• Gross Scheduled Income: 124800
• Heat/Ventilation: Central Bldg Heat
• Indoor Parking: Detached
• Information: Standard
• Insurance Expense: 3500
• Insurance Expense Source: Owner Projection
• Location: Corner, Mixed Use Area
• Lot Size Square Feet: 5871
• Main Type: Commercial Sale
• Misc Inside: Skylight/s, Storage Inside, Basement, Laundry Room
• Misc Outside: Enclosed Porch
• Original Rental Price: 7.32
• Other Expense Source: Owner Projection
• Property Sub Type: Mixed Use
• Rental Price: 7.32
• Roof Structure: Flat
• Tax Annual Amount: 15409
• Tax Year: 2023
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 10400
• Township: West Chicago
• Trash Expense: 250
• Trash Expense Source: Owner Projection
• Water Expense Source: Owner Projection
• Water Sewer Expense: 600