2152 W 21st St

Situated in the heart of Chicago’s vibrant Pilsen neighborhood, 2152 W 21st Street benefits from exceptional connectivity and strong neighborhood fundamentals. The property is within close proximity to multiple CTA Pink Line stations, providing direct access to downtown Chicago and surrounding neighborhoods. Additionally, the location offers convenient access to major expressways, including I-90/94 and I-55, allowing for efficient regional travel. The nearby Illinois Medical District—one of the largest urban medical districts in the country—serves as a major employment hub, driving consistent housing demand from medical professionals, students, and support staff. Pilsen continues to experience strong growth fueled by its rich cultural identity, expanding retail corridors, and ongoing development. The property is just minutes from the Chicago Fire FC Practice Facility, further enhancing neighborhood visibility and activity. Residents benefit from a wide array of nearby retail, dining, and entertainment options along 18th Street and surrounding corridors, featuring a mix of local boutiques, restaurants, and national retailers. This combination of transit access, employment drivers, and neighborhood amenities positions the property as an attractive investment within one of Chicago’s most dynamic submarkets.This well-maintained brick multifamily property presents a compelling investment opportunity with both strong in-place income and significant upside potential. The asset is currently configured as a 6-unit building with a 7th non-conforming unit (4R), which is presently duplexed into the 3rd-floor rear unit (3R), creating an expansive 4-bedroom, 2-bath residence. The remaining units offer a desirable unit mix, with two units already renovated, allowing investors to immediately benefit from increased rents while continuing to execute a value-add strategy across the balance of the property. Additional features include a 2-car garage, basement storage, and common laundry, further enhancing tenant appeal and operational efficiency. Located just steps from the CTA Pink Line, the property offers excellent accessibility and strong rental demand driven by proximity to public transit and surrounding neighborhood amenities. Ownership has secured approvals to expand the property to a total of 9 units, including the addition of two affordable units, providing a clear path to increased density and long-term value creation. With the ability to further renovate units and capitalize on the approved expansion, this offering represents an attractive opportunity for investors seeking both stabilized cash flow and meaningful upside in a transit-oriented location.