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1801 W 21st Place

Chicago, IL 60608
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Bed 7

Bed

Bath 4

Bath

Rare 4-Unit in the Heart of Pilsen! Exceptional investment opportunity on an approximately 25' x 125' corner lot (per survey) with RT-4 zoning (buyer to verify). Rare opportunity to acquire a legal 3-unit PLUS a separate coach house in one of Chicago's most sought-after investment neighborhoods. Coach house with front door direct access to Wood Street, allowing it to function much like a standalone single-family home. The front building offers a spacious first-floor duplex-down with soaring ceilings and finished lower level, a rear first-floor 2-bedroom with excellent duplex potential, and a bright, sun-filled second-floor 2-bedroom. The coach house features its own private entrance, lofted ceilings, a 2-bedroom/1-bath layout, and a full unfinished basement offering exceptional storage an d future expansion potential. Substantially renovated in 2003, the property features separate electric service and HVAC for all four units. Additional improvements include a front building roof replacement (approximately six years ago) and a new furnace and central air system in the coach house (2025). Offered AS-IS, the property is ready for thoughtful updating and presents an outstanding value-add opportunity. Lovely long-term tenants provide stable in-place income while offering significant upside through future renovations, lease optimization, and rent growth. Current Gross Income: $44,280/year ($3,690/month) Current Rent Roll * Unit 1F: 1BR/1BA duplex-down | $1,100/month | Lease through 5/31/27 * Unit 1R: 2BR/1BA | $700/month | Month-to-month * Unit 2F: 2BR/1BA | $690/month | Month-to-month * Coach House: 2BR/1BA | $1,200/month | Month-to-month Three of the four units are month-to-month, providing immediate flexibility to implement a value-add strategy while maintaining current cash flow. Ideally located in the heart of Pilsen, just steps from the vibrant 18th Street corridor featuring neighborhood favorites including 5 Rabanitos, Los Comales, Pizza Nova, and Carniceria Maribel. Conveniently located near the CTA Pink Line, UIC, the Illinois Medical District, and Downtown Chicago. First showings by appointment only July 10, 11 & 12. Buyer to independently verify zoning, legal unit count, redevelopment potential, and all property information.

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Detail Ic Property Details

Property Type : Residential Income

Price : $659,900

AD Id : 87776227

MLS Id : MRD12644428

Beds : 7

Year Built : 1873

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 7

    Bathroom Information

    Total Baths: 4

    Room Information

    Rooms Total: 21
  • Flooring Information

    Construction Materials: Aluminum Siding, Vinyl Siding, Steel Siding
  • Heating & Cooling

    Heating: Natural Gas WaterSource: Public

  • Building Information

    Year Built: 1873
  • Exterior Features

    Balcony Construction Materials: Aluminum Siding, Vinyl Siding, Steel Siding

  • Lot Information

    Lot Dimensions: 25X125 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$659900

  • Tax Information

    Annual Tax: $15871.75 Tax Year: 2024 Parcel Number: 17194270240000

  • School Information

    Elementary School: Cooper Elementary School Dual La Senior High School: Juarez High School
  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    City: Chicago Direction: Wood & 21st Place, Ashland south to 21st Place, west to Wood
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ByOwner last updated this listing 07/12/2026 @ 06:20

MLS: MRED #12644428 LISTED BY: Anne Connolly Rief, @properties Christie's International Real Estate 773-862-0200 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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