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1639 S Blue Island Ave
Chicago, IL 60608
Multifamily Property For Sale
·
2 Units
EXECUTIVE SUMMARY
Prime mixed-use investment opportunity in the heart of Pilsen! This historic brick building, built in the late 1800's, offers approximately 4,000 sq ft across multiple units with strong potential rental income and future upside. The first floor commercial space features an open-concept layout with two large rooms, laundry, gas fireplace, a spacious kitchen, and a full bath-ideal for a live/work setup, gallery, office, or retail use. The basement is set up as garden unit apartment which is a 2 bed / 1 bath (~1,500 sq ft) with 9ft ceilings. The second floor offers a full 3 bed / 2 bath residence with an enclosed porch with a gas fireplace and wet bar for year-round entertaining. The master suite also has a gas fireplace and full bath. There is also an outdoor rooftop deck boasting stunning skyline views. Interiors include hardwood and tile flooring, in-unit laundry, recessed lighting, generous closets. Rare attached 2-car garage included. Property is currently set up as a single-family home and building will be vacant at closing. Located on bustling Blue Island Ave, just steps from 18th Street, CTA Pink Line, UIC, and the Medical District, this property benefits from a 96 Walk Score and a 99 Bike Score. Surrounded by Pilsen's vibrant dining, art, and cultural scene, this is an unbeatable live-work-invest opportunity. Whether you're looking to stabilize income, renovate for higher rents, or add a boutique storefront, 1639 S Blue Island delivers exceptional potential. Property sold "As Is"
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 17-20-305-017-0000 | Improvements Assessment | $71,359 CAD |
| Land Assessment | $12,396 CAD | Total Assessment | $83,755 CAD |
PROPERTY TAXES
Parcel Number
17-20-305-017-0000
Land Assessment
$12,396 CAD
Improvements Assessment
$71,359 CAD
Total Assessment
$83,755 CAD
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