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Gut-Renovated 5-Unit Apartment Building
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2213 W 23rd Pl, Chicago, IL 60608

Legal multifamily property with two buildings, open layouts, and in-unit laundry.

Property SizeContact for details
Days on Market142

Property Features for 2213 W 23rd Pl

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 3 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units 5

Additional Details

Gross Income $108,000

Amenities

central heat & air
in-unit laundry

Building Details

Buildings 2
Listing Agency: @properties Rental Division
Listed By: Jason Dell · License #IL 475169587
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 1:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties Rental Division

Investment Insights

Based on property information with market context.

This legal 5-unit apartment property includes three 3BR/2BA residences in the front building and two 2BR/1BA units in a separate coach house. The renovation reached the building’s framing, with updated interiors featuring gray flooring, white cabinetry, granite countertops, open-plan layouts, central heat and air, and laundry within each unit.

The property is one block from Chicago’s Heart of Chicago neighborhood on Oakley, where Italian restaurants and local shops contribute to the surrounding setting. All five units are leased, providing an occupied multifamily configuration across the front building and coach house.

Key Highlights

  • Legal 5‑unit layout with three 3BR/2BA units and two 2BR/1BA units
  • Gut renovation taken to the studs
  • Separate front building and coach house configuration

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Clothing & Fashion Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,397
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Legal multifamily property with two buildings, open layouts, and in-unit laundry.
Where is this apartment building located?
The property is located at 2213 W 23rd Pl Chicago, IL.
What are key features of this property?
This property features: Legal 5‑unit layout with three 3BR/2BA units and two 2BR/1BA units; Gut renovation taken to the studs; Separate front building and coach house configuration
More about this property
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