1801 West 21st, Chicago IL 60608
Property Description
5-unit multifamily investment opportunity in Chicago's historic Pilsen neighborhood! The property features four 2BR/1BA units and an incredibly spacious, detached rear Coach House (3BR/1BA) - offering a high-demand mix with strong rental upside. Interiors feature updated finishes and classic wood flooring throughout. Units have central heat and shared laundry. Laundry is shared in the basement. Highly desired location just blocks from 18th Street's dining scene and a quick two-block walk to the Damen Pink Line station for an effortless downtown commute. Current revenue is 107K and market revenue is ~115k. Buy at a 10x GRM and stabilize at a 9.5x GRM or ~7 per cent Cap Rate
Features & Information
Key Details
- List Price $1,095,000
- Property Taxes $16,675.39
- Price/ Sq. Ft. Unavailable
- Year Built 1884
- Status Active
Building Information
- Age of Building Older
- Heating & Cooling Gas
Location
- County Cook
- Directions to Property Heading North On S. Ashland Ave, Pass W Cermak Road And Head Two Blocks North, Turning Left To Go West Down W 21st Street. Driving Two Blocks West, The Building Is On The Corner Of S Wood Street And W 21st Street.
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Property Taxes
- Tax 16675.39
- Parcel Identification Number 17194230240000
Listed by: Lease312INC | Phone: 773.232.3469
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 7/28/2026 6:32 PM. 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.
Explore Pilsen
A vibrant neighborhood situated on the city’s Lower West Side, Pilsen is one of Chicago’s oldest communities. Weathered stone castles, colorful turrets, and ornamental accents harken back to the area’s Bohemian roots. Building on its working-class roots, Pilsen has become a destination for the arts in Chicago—striking murals and vivid mosaics can be found throughout the neighborhood. Pilsen is home to a variety of galleries and museums, such as the National Museum of Mexican Art, one of the most prominent institutions for Mexican art and culture in the United States. Multi-generational mom and pop shops sit side-by-side some of the city’s finest dining. From off the beaten track locales to hip eateries, Pilsen offers a wide variety ideal for all. Vintage shops, independent cafes, and offbeat markets add to the neighborhood’s charm.
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