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Brick 2-Flat Residential Income
For Sale
$409,900

4046 W 21st Street, Chicago, IL 60623

Solid brick 2-flat with two vacant units and in-unit laundry, plus a full unfinished basement.

Property SizeContact for details
Days on Market171

Property Features for 4046 W 21st Street

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood South Lawndale

Additional Details

Multifamily Units 2

Amenities

Natural Gas

Building Details

Year Built 1908
Listing Agency: RE/MAX Mi Casa
Listed By: Jose Martinez · License #471019209
Source: Kw
Added: May 8 Changed: Oct 3 Last Checked: Oct 24 at 9:22PM

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 RE/MAX Mi Casa

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Investment Insights

Based on property information with market context.

This solid brick 2-flat offers a versatile residential income layout with two spacious, currently vacant units. The first-floor unit features 2 bedrooms and 1 bath with a living room, kitchen, and laundry. The second-floor unit features 3 bedrooms and 1 bath with a living room, kitchen, and laundry. Each unit includes kitchen appliances including a stove, refrigerator, and microwave. Both units also have tenants responsible for gas and electric.

The property includes a full unfinished basement that provides additional storage and potential for future use. It is described as conveniently located near major streets, public transportation, schools, and local amenities in the North Lawndale area.

Overall, the configuration supports either a traditional rental setup or owner occupancy with rental income potential, with straightforward, self-contained unit layouts on two levels.

Key Highlights

  • Solid brick 2‑flat built in 1908 with two spacious, separate units
  • 1st‑floor unit: 2 bedrooms, 1 bath, living room, kitchen, and in‑unit laundry
  • 2nd‑floor unit: 3 bedrooms, 1 bath, living room, kitchen, and in‑unit laundry

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,098
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Solid brick 2-flat with two vacant units and in-unit laundry, plus a full unfinished basement.
Where is this duplex located?
The property is located at 4046 W 21st Street Chicago, IL.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Solid brick 2‑flat built in 1908 with two spacious, separate units; 1st‑floor unit: 2 bedrooms, 1 bath, living room, kitchen, and in‑unit laundry; 2nd‑floor unit: 3 bedrooms, 1 bath, living room, kitchen, and in‑unit laundry
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