5-Unit Apartment
For Sale
$1,499,000
1701 W 21st Street, Chicago, IL 60608
Commercial Sale, Chicago, IL
Property SizeContact for details
Days on Market57
Property Features for 1701 W 21st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
10
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 6, Bedroom 5, Bathroom 3, Bedroom 10, Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 9, Bathroom 5, Bathroom 7, Basement, Bedroom 6
Basement
Concrete, Finished, Storage Space
Directions
Southwest Corner of 21st St and Paulina St, 1 block west of Ashland Ave.
Subdivision
CHI - Lower West Side
Standard status
Active
APN
17194240220000
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22653
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Amenities
in-unit washer/dryer
central air conditioning
hardwood flooring
quartz countertops
stainless steel appliances
tiled baths
basement storage
Building Details
Year built
1883
Floors in Building
2
Number of units
5
Building materials
Brick
Roof type
Rubber
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(404) 388-9441
Added: Aug 11
Changed: Sep 29
Last Checked: Oct 6 at 8:06AM
MLS# 12730594
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-unit apartment property in Chicago is a brick building constructed in 1883. Renovation work took place from 2013 through 2023. The apartments have central air conditioning, individual furnaces, and separate tank or tankless water heaters. Gas and electric service is separately metered, and tenants pay their own utilities. An attached two-car garage is accessed from the alley, while the unfinished basement contains building utilities and tenant storage areas.
The first-floor apartment is a 1,500-square-foot, one-bedroom, one-bathroom loft, and its tenant is scheduled to vacate. The sale includes the addresses 1701 W 21st Street and 2102 S Paulina Street on one PIN. The property has MULTI zoning and public sewer service, with access to Pilsen public transit. The stated current cap rate is 7.15%, and projected debt coverage ratio is 1.42.
The first-floor apartment is a 1,500-square-foot, one-bedroom, one-bathroom loft, and its tenant is scheduled to vacate. The sale includes the addresses 1701 W 21st Street and 2102 S Paulina Street on one PIN. The property has MULTI zoning and public sewer service, with access to Pilsen public transit. The stated current cap rate is 7.15%, and projected debt coverage ratio is 1.42.
Key Highlights
- Five‑unit brick apartment building constructed in 1883
- Renovated between 2013 and 2023
- First‑floor 1,500‑square‑foot loft has 1 bedroom and 1 bathroom; tenant is vacating
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,022
Businesses Nearby
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Business Placement
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Separate gas and electric meters, individual furnaces, and unit-specific water heaters serve the apartments.
Where is this apartment building located?
The property is located at 1701 W 21st Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Five‑unit brick apartment building constructed in 1883; Renovated between 2013 and 2023; First‑floor 1,500‑square‑foot loft has 1 bedroom and 1 bathroom; tenant is vacating
