ON MARKET - MULTI-FAMILY
1610-12 W. 17th St. Chicago, IL 60608
NEIGHBORHOOD
Pilsen
PRICE
$1,775,000
NUMBER OF UNITS
6
PROPERTY LISTED

Essex Realty Group, LLC has been exclusively engaged to market for sale 1610-12 W. 17th Street, a center entrance six-unit apartment building located in Chicago’s vibrant Pilsen neighborhood. Substantially renovated in 2013, the building consists of four (4) 2 bed/1 bath apartments and two (2) 4 bed/2 bath duplex-up residences. With significant capital improvements completed, a desirable unit mix, and an exceptional location near public transportation and major employment centers, the property presents an attractive opportunity to acquire a well-maintained investment asset with meaningful rental upside.

The 2013 renovation included a complete roof tear-off, installation of new 400-amp electrical service, conversion to copper plumbing, and substantial interior improvements. Both duplex-up units offer central air conditioning and in-unit laundry, while the remaining apartments benefit from shared laundry facilities. Four units are leased through July 2027, with the remaining two operating on month-to-month agreements, providing an incoming investor with near-term flexibility to capture rental upside.

Ideally situated just one block from the 18th St. Pink Line station, the property offers convenient access to downtown Chicago, with train service to the Loop in approximately 12 minutes. The Illinois Medical District and University of Illinois Chicago are located approximately one mile north, providing proximity to two of the area’s major employment and institutional anchors. Continued investment in the surrounding area, including the nearby 84-unit Pilsen Foundry Lofts project, further reinforces the neighborhood’s ongoing evolution and long-term investment appeal.

LOCATION DETAILS

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HIGHLIGHTS
  • Coveted Center-Entrance Six-Flat in Pilsen
  • Substantially Renovated in 2013 – Major Capital Improvements Include a New Roof, 400-Amp Electrical Service, Copper Plumbing & Updated Apartment Interiors
  • Ideal Unit Mix – Four (4) 2 Bed/1 Baths and Two (2) Expansive 4 Bed/2 Bath Duplex-Ups
  • Exceptional Transit-Oriented Location, Just One Block from the 18th Street Pink Line Station
  • Two Month-to-Month Leases Offer Immediate Flexibility, While Four Additional Leases Expire in July 2027
LISTING BROKERS
Principal
847.834.9868
Director
708.466.2626