21st Street Pilsen Portfolio

Property Overview

Interra Realty has been exclusively engaged to bring to market a two (2) property, eleven (11) unit multifamily portfolio at 1724 and 1726 W 21st St in the popular Pilsen neighborhood. Located adjacent to one another, these properties are within a 5 minute walk to the 18th St CTA and 18th St which according to publication “Time Out” is now ranked among the 30 coolest streets from around the Globe (2024 publication).

Investors are presented a unique opportunity to acquire scale in a highly sought-after neighborhood with a completely updated envelope of properties inclusive of market rate rental upside.

Both properties feature gut renovated units consisting of quartz countertops, stainless steel appliances, dishwashers, hardwood flooring, parking and new central HVAC, high speed internet, double pane windows, roofs, and porches.

Highlights

  • Prime Pilsen Location – 5 Minute Walk to 18th St CTA
  • Economies of Scale in Highly Desirable Pilsen Market
  • Attractive Unit Mix with 100% Modernized Units
  • Professionally Managed and Well-Maintained with Rental Upside
  • Gut Renovated Units with New Electric, Plumbing, HVAC, Windows
    and Roofs

Key Details

Sale Price
$2,395,000
Number of Units
Eleven (11) Total Units
Submarket
Pilsen
Number of Buildings
Two (2)
Cap Rate
6.50%