2222 W 21st Street
Chicago, IL 60608

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Description

Introducing a rare redevelopment opportunity in the heart of Chicago's vibrant Pilsen neighborhood at 2222 W 21st Street. This expansive brick building, complemented by a newly constructed rear addition, has undergone significant structural upgrades including full interior gutting, reinforcement, and the initial framing of approved new floor plans. All necessary permits and architectural plans have been secured and approved by the City of Chicago, offering a seamless path for a new owner to take the project across the finish line. Once completed, the property will consist of six thoughtfully designed units: a spacious 4-bedroom, 3-bathroom duplex ideal for an owner-occupant or premium rental, two 2-bedroom, 1-bathroom units, and three 1-bedroom, 1-bathroom units. Unit sizes range from approximately 906 to 2,200 square feet, offering a mix of layouts to attract a wide range of tenants or end-users. With the heavy lifting already done, this is a prime opportunity for an investor or developer to customize the final finishes and capitalize on strong rental demand in a fast-growing area.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60608
• Year Built: 1888
• Sq.Ft.: 7,500 sq ft
• Stories: 3
• Units: 6 units
• Lot Size: 3049 sq ft lot
• Zoning: MULTI
• Approximate Age: Under Construction
• Building Area Total: 7500
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick, Concrete
• Directions: 21st St & Damen Ave, West to 2222 on the North Side of the Street
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas, Other
• Information: List Broker Must Accompany
• Lot Size Source: Survey
• Lot Size Square Feet: 3000
• Main Type: Commercial Sale
• Tax Annual Amount: 10997.68
• Tax Year: 2023
• Township: West Chicago
• Type Multi-Family: Flats
• Utilities: Sewer Connected, Water Available
• Water Source: Municipal Water