ON MARKET – MULTI-FAMILY
1417 West Cullerton Street Chicago, IL 60608
NEIGHBORHOOD
Pilsen
PRICE
Please Call for Sale Price
NUMBER OF UNITS
6
CAP RATE
7.03%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 1417 West Cullerton Street, located in the heart of Chicago’s Pilsen neighborhood. The front building contains two 2 bed/1 bath units, along with large full floor 2 bed + 2 den/1 bath and 3 bed + 2 den/2 bath apartment. The charming coach house houses two 2 bed/1 bath units. All of the apartments feature beautiful hardwood floors, stainless steel appliances with granite counters, separate HVAC & hot water tanks, and laundry in basement. Unit 1F includes in-unit laundry. An opportunity exists for an investor to further improve the property by adding laundry into the remaining apartments to raise current rents to market level. The building boasts all copper plumbing and updated electric service.

The property is located on the south side of Cullerton Street, just west of Loomis Street, and is conveniently located less than 1 mile from both the 18th St & Damen Pink Line CTA Stations and several bus stops. 1417 W Cullerton sits in a prime location of Pilsen as the property is close to public transportation and only a few blocks from the popular 18th Street, which includes an endless stream of restaurants, bars & entertainment options.

LOCATION DETAILS

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 a mile 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 four blocks from the Halsted Metra Station, and in proximity to numerous bus stops.

HIGHLIGHTS
  • Renovated Apartments
  • Updated Mechanicals; Individual HVAC & Water Tanks
  • Updated Electric with 100 AMPs to Each Apartment
  • Rents 20% Below Market; Average $645 Per Bedroom
  • Perfect Pilsen Location, Short Walk to Nightlife and Train
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922