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Image 1 - 1801 West 21st Street, Chicago, IL 60608, USA - House for sale
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Home For Sale In Chicago, Illinois
1801 West 21st Street, Chicago, IL 60608, USA

Home For Sale In Chicago, Illinois

house for sale
Listed: 03/09/24

1801 West 21st Street, Chicago, IL 60608, USA

Studio Bed:
2 Bath:
Save
Price
$ 950,000

About This House

1801 W.21st St, a five (5) unit building in Chicago's historic Pilsen Neighborhood. An attractive location for tenants, this particular property is just blocks away from 18th Street, home to some of Chicago's most underrated restaurants. Located two blocks away from Damen Train Station, the property provides quick and easy transit via pubic transportation to Chicago's Downtown. 1759 W.21st is comprised of four (4) 2Bd/1Ba and one (1) 3Bd/1Ba units. Highlights include modern finishes with wood flooring, along with updated mechanical systems. Included in the unit mix is an incredibly spacious, unattached Coach House in the rear of the building, with ample opportunity to raise rental income. 1759 W.21st presents an investor with the opportunity to raise rents increasingly through a value-add approach to new ownership. In doing so, its new owner will realize a cap rate over 8% and a cash return of 9.18%.

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Lower West Side Housing & Living

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.