1801 W 21st Place
Chicago, IL, 60608
$619,000
7 Beds
4 Baths
0 SqFt
0 Acres
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MLS #MRD12729584 image #0
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 and 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.

Property Details

Price:
$619,000
MLS #:
MRD12729584
Status:
Active Under Contract
Beds:
7
Baths:
4
Type:
Multi Family
Neighborhood:
chilowerwestside
Listed Date:
Aug 10, 2026
Year Built:
1873
Chi – Lower West SideChilowerwestsideCooper Elementary School Dual LaJuarez High School

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Schools

School District:
299
Elementary School:
Cooper Elementary School Dual La
High School:
Juarez High School

Interior

Heating
Natural Gas

Exterior

Construction Materials
Aluminum Siding, Vinyl Siding, Steel Siding
Exterior Features
Balcony

Financial

Tax Year
2024
Taxes
$15,872

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Oct 07, 2026
1,358
Multi Family Listed
77
Avg DOM
$530,656
Avg List Price

Property Summary

    1801 W 21st Place Chicago IL is a Multi Family for sale in Chicago, IL, 60608. It is listed for $619,000

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