Contact us: 563.441.1776
Description
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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 5,978
County: Cook
Listed By:
Sperry Van Ness
312-676-1866
MRED MLS
MLS ID: 12628812
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2152 W 21st Street , Chicago, IL 60608.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $990,000 | $990,000 | $990,000 |
| Down Payment | $198,000 | $34,650 | $247,500 |
| Monthly Mortgage Amount | $4,685 | $5,906 | $6,018 |
| Taxes | $1378 | $1378 | $1378 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $594 | $0 |
| Monthly Estimated Total | $6,352 | $8,167 | $7,685 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/27/2026. The listing information on this page last changed on 04/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/27/2026 12:19:31 AM EST) or MRED MLS (last updated Mon 04/27/2026 12:12:50 AM EST) or SCWMLS (last updated Sun 04/26/2026 11:54:34 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 04/26/2026 10:15:22 PM EST) or Cedar Rapids MLS (last updated Sun 04/26/2026 10:44:15 PM EST) or NEIRBR MLS (last updated Mon 04/27/2026 12:18:40 AM EST) or ICAAR MLS (last updated Sun 04/26/2026 11:37:30 PM EST) or ECIMLS (last updated Sun 04/26/2026 11:44:17 PM EST) or RMLSA (last updated Mon 04/27/2026 12:10:57 AM EST) or Muscatine MLS (last updated Mon 04/27/2026 12:15:10 AM EST) or No Coast MLS (last updated Mon 04/27/2026 12:14:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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