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2156 W 21st St 12 Unit Apartment Building $3,992,981 CAD ($332,748 CAD/Unit) 6.92% Cap Rate Chicago, IL 60608
INVESTMENT HIGHLIGHTS
- Twelve (12) Unit Multifamily Property in Popular Pilsen Neighborhood
- High End Residential Units with Central HVAC and In-Unit Laundry
- Brand New Systems Throughout Entire Building
- Recently Gut Renovated Project in 2024
- All Units Feature Quartz Counter tops, Stainless Steel Alliances and High End Finishes Throughout
- New Electric, Plumbing, Windows, Structure, Masonry and More
EXECUTIVE SUMMARY
Interra Realty is proud to exclusively present 2156 W 21st Street, a fully gut-renovated 12-unit multifamily property located in the vibrant and highly sought-after Pilsen neighborhood. Completed in 2024, this down-to-the-studs renovation features all-new interiors and infrastructure—offering investors a turnkey asset with zero deferred maintenance.
The building showcases spacious, high-end residential units with central HVAC, in-unit laundry, quartz countertops, and custom kitchens and bathrooms. Everything behind the walls is brand new, including joists, beams, flooring, stairwells, electric, plumbing, and water main. Additional improvements include new windows, roof, masonry, and secured rear surface parking for two vehicles. This is a rare opportunity to acquire a fully rebuilt asset in one of Chicago’s most dynamic and appreciating submarkets.
The building showcases spacious, high-end residential units with central HVAC, in-unit laundry, quartz countertops, and custom kitchens and bathrooms. Everything behind the walls is brand new, including joists, beams, flooring, stairwells, electric, plumbing, and water main. Additional improvements include new windows, roof, masonry, and secured rear surface parking for two vehicles. This is a rare opportunity to acquire a fully rebuilt asset in one of Chicago’s most dynamic and appreciating submarkets.
PROPERTY FACTS
| Price | $3,992,981 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $332,748 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.92% | Building Size | 8,304 SF |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1891/2024 |
| Property Subtype | Apartment | ||
| Zoning | B2-3 | ||
| Price | $3,992,981 CAD |
| Price Per Unit | $332,748 CAD |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 8,304 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1891/2024 |
| Zoning | B2-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Granite Countertops
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 481 |
| 2+1 | 6 | - | 638 |
| 2+2 | 1 | - | 875 |
| 3+2 | 1 | - | 1,600 |
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 17-19-316-027-0000 | Improvements Assessment | $86,606 CAD |
| Land Assessment | $15,283 CAD | Total Assessment | $101,890 CAD |
PROPERTY TAXES
Parcel Number
17-19-316-027-0000
Land Assessment
$15,283 CAD
Improvements Assessment
$86,606 CAD
Total Assessment
$101,890 CAD
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2156 W 21st St
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