Essex Realty Group, Inc. is pleased to present 2216 W. 21st Pl., a 6-unit brick, walk-up building in Chicago’s vibrant Pilsen neighborhood.

This property boasts a unit mix of six (6) two-bedroom / one-bath unit apartments. In 2023, the property had undergone a significant renovation, and some of the apartment improvements consisted of new kitchens (cabinetry, stone countertops, stainless steel appliances), updated bathrooms (vanity, sink, faucet, toilet, tile work), and flooring. All the units feature individual HVAC systems and domestic hot water tanks.

Additional building upgrades included upgrading the electric service to 400 AMP, brick tuck pointing, and copper plumbing throughout. The property also offers two (2) surface parking spaces in the rear that provide additional income.

This turnkey opportunity in Pilsen offers savvy investors the chance to acquire a well-maintained, income-generating asset with significant growth potential. With rental rates below market value, investors can easily enhance cash flow while capitalizing on the property’s strong performance.

Pilsen is a culturally rich neighborhood situated roughly 3.5 miles southwest of Chicago’s Loop. The neighborhood of Pilsen features a diverse population mix including families, creative professionals, business professionals, medical students, and grad students. 18th Street is a bustling retail corridor that is home to many local cafes, coffee shops, bodegas, and restaurants. While Pilsen has a strong cultural presence filled with many local restaurants, several Chicago restaurant chains as well as critically acclaimed new chefs have opened up restaurants in recent years.

The property is also situated approx. less than two miles from Thalia Hall, a historic landmark and neighborhood cultural arts and events center as well as a concert hall. Thalia Hall is a prime example of the ever-growing art community that Pilsen is.

Not only are residents extremely close to downtown Chicago but they are also just west of McCormick Place, the largest convention center in North America. The property’s convenient location makes commuting around the city quite easy. The Subject Property is two blocks from the Damen Metra Station, Western Metra Station, and in proximity to numerous bus stops.

• Completely Gut-Renovated 6-Unit Apartment Building
• All Two-Bedroom / One-Bathroom Layouts
• Individual HVAC, Laundry, and Utilities
• Exceptionally Well-Maintained Asset
• Significant Rent Upside Potential
• Two (2) Exterior Parking Spaces