7-Unit East Pilsen Multifamily

2007 S Allport Street, Chicago, IL 60608

  • For Sale $1,700,000
  • Property Type Multi-Family
  • Property Size 8,500 SF
  • Units 7
  • Lot Size 0.07 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Renovated 2019
  • Date Updated Jul 2, 2024
Discover the vibrant neighborhood surrounding the 7-unit East Pilsen Multifamily property. Nestled in the heart of Pilsen, a thriving community known for its artsy vibe and rich culture, the location offers a diverse array of dining, entertainment, and shopping options. Enjoy a stroll through the historic Pilsen streets, visit the National Museum of Mexican Art, or sample authentic Mexican cuisine at local eateries. With convenient access to public transportation and a variety of parks, the area is attractive to both residents and investors seeking a dynamic and lively urban environment. Experience the unique charm and potential of this sought-after location in Chicago's thriving real estate market.Introducing a beautifully renovated 7-unit East Pilsen Multifamily, located at 2007 S Allport Street in Chicago's dynamic Pilsen neighborhood. This modern, 8,500 SF property includes a beautifully renovated sprinklered brick building with 6 units and a Large coach house featuring a large Duplexed unit and a large 950 SF +/- ground level space used for storage but can easily be converted into an additional unit. The 2019 gut renovation with modern finishes and sprinkler system add to the allure of this investment opportunity that features 2 full-floor units. The property holds an attractive 7.65% CAP rate with a current NOI of $130,033 and full occupancy. Ideal for Airbnb with below-market rents and proximity to Thalia Hall, 18th Street Retail Corridor and public transportation options, this property maximizes income potential. Immerse yourself in Pilsen's cultural vibrancy, artsy ambiance, and diverse entertainment scene with this prime multifamily asset in the heart of Chicago.

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Attachments

Highlights

  • 8,500 SF building with 7 units, renovated in 2019
  • Zoned RT-4, potential to add an additional 8th unit (±950 SF)
  • Steps to Thalia Hall, Breweries, Award Winning Restaurants & 18th Street Retail Corridor
  • Perfect location for Airbnb, 100% occupancy, below market rents for Future Value
  • Sprinklered building with full basement
  • Features two full-floor units and a 2-story CH unit
  • Modern Kitchens & Baths

Contacts

broker

Paul Cawthon

SVN | Chicago Commercial

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    64/100 Good Transit

  • Bike Score ®

    94/100 Biker's Paradise
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Pilsen
  • Zip Code 60608
  • Market Chicago

Points of Interest

  • Halsted Street

    0.64 miles

  • Halsted

    0.72 miles

  • UIC-Halsted (Morgan Street)

    1.45 miles

  • Racine

    1.46 miles

  • UIC-Halsted (Halsted Street)

    1.52 miles

  • Cermak-McCormick Place

    1.60 miles

  • Clinton

    1.66 miles

  • Polk

    1.93 miles

  • LaSalle - Blue Line

    1.97 miles

  • Harrison Red Line

    2.03 miles

  • BP

    0.50 miles

  • Midwest

    0.61 miles

  • Citgo

    0.79 miles

  • Costco Gasoline

    0.82 miles

  • Mobil

    0.92 miles

  • BP

    0.96 miles

  • Shell

    1.07 miles

  • Gas Depot

    1.15 miles

  • Citgo

    1.21 miles

  • Mobil

    1.23 miles

  • Halsted Park & Ride

    0.77 miles

  • Lot M

    1.02 miles

  • Lot F4

    1.06 miles

  • Lot K

    1.08 miles

  • Lot H

    1.09 miles

  • Lot G

    1.15 miles

  • Paulina Street Parking Structure (PSPS)

    1.18 miles

  • Wood Street Parking Structure (WSPS)

    1.20 miles

  • Lot F

    1.21 miles

  • UIC Halsted Street Parking Structure

    1.23 miles

  • Jaslin Hotel

    1.19 miles

  • SpringHill Suites by Marriott Chicago Chinatown

    1.37 miles

  • Marriott at Medical District/UIC

    1.39 miles

  • Hyatt House Chicago - Medical / University District

    1.52 miles

  • Hyatt Place Chicago - Medical / University District

    1.55 miles

  • Chicago Parthenon Hostel

    1.64 miles

  • Holiday Inn Chicago-Downtown

    1.65 miles

  • Chicago South Loop Hotel

    1.67 miles

  • Hotel Chicago West Loop

    1.69 miles

  • Hilton Garden Inn, Hampton Inn, & Home2 Suites

    1.78 miles

  • Dunkin'

    0.18 miles

  • Dusek's

    0.20 miles

  • S.K.Y.

    0.21 miles

  • Honky Tonk BBQ

    0.21 miles

  • Caire's Pizza

    0.22 miles

  • Azul 18

    0.22 miles

  • Pilsen Yards

    0.22 miles

  • Pollo Express

    0.23 miles

  • La Vaca Margarita Bar

    0.24 miles

  • Casa Índígō

    0.25 miles

  • Manuel Perez Elementary School

    0.06 miles

  • Acapulco Driving School

    0.26 miles

  • Saint Procopius Elementary School

    0.29 miles

  • Jungman Elementary School

    0.36 miles

  • Benito Juarez Community Academy

    0.38 miles

  • Pros Arts Studio

    0.38 miles

  • Pilsen Community Academy

    0.39 miles

  • Saint Pius School

    0.43 miles

  • Walsh Elementary School

    0.52 miles

  • Cooper Elementary School

    0.55 miles

  • Taylor Tots

    1.02 miles

  • New Zion Childcare Academy

    1.16 miles

  • The Goddard School

    1.82 miles

  • Adams Street Child Care Center

    1.90 miles

  • Bright Horizons

    3.00 miles

  • Cornerstone Children's Learning Center

    3.50 miles

  • Brighton Park Early Learning Center

    3.51 miles

  • Peter Cottontail Day Nursery

    3.77 miles

  • North Avenue Day Nursery

    3.90 miles

  • UChicago Child Development Center - Drexel

    5.10 miles

Frequently Asked Questions

How much does 7-Unit East Pilsen Multifamily cost?

The space currently listed for sale at 7-Unit East Pilsen Multifamily asks for $1,700,000.

What is the total square footage of 7-Unit East Pilsen Multifamily?

7-Unit East Pilsen Multifamily totals 8,500 square feet.

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Contact Listing Broker

broker

Paul Cawthon

SVN | Chicago Commercial