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28060513
28060517

1610-1612 W 17th St, Chicago, IL 60608

SC
IL 481011345
33 Realty LLC
JM
475142902
33 Realty
Listed by 33 Realty LLC, 33 Realty
$1,800,000
202 days on market
Updated 40 days ago

1610-1612 W 17th St Chicago, IL 60608

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,000
Net Rentable (SqFt) 6,200
Units 6
Cap Rate 6.78%
NOI $122,000
Occupancy 100%
Pro-Forma Cap Rate 7.42%
Pro-Forma NOI $133,500
Price per SqFt $257
Broker Co-Op Yes
Year Built 1889
Year Renovated 2025
Buildings 1
Stories 3
Investment Type Value Add

Multifamily | 6 Units | Pilsen Neighborhood in Chicago

Marketing description

33 Realty's pleased to present for sale 1610-1612 W. 17th Street in Chicago's thriving and rapidly appreciating Pilsen neighborhood. Located only 2 miles from downtown Chicago, this 6 unit property offers an array of improvements in recent years including updated kitchens with stainless steel appliances, microwaves and dishwashers in all 6 units. The 2 duplex units are incredibly spacious with 1,500 of rentable square footage and include individual central air conditioning and in unit washers and dryers. In 2025 the owner renovated previous storage space to usuable tenant space in units 1610-3 and 1612-3 adding 200 SF to already huge apartments.

Investment highlights

  • 2013 Gut Renovation

  • Stainless Steel Appliances

  • Rapidly Appreciating Location

  • Individual Furnaces

  • In Unit Laundry in 2 Units

  • Hardwood Floors

  • One Block North of Pink Line Train

  • Gorgeous Red Brick Exterior

  • Historic Charm

  • No Deferred Maintenance

  • New Modified Bitumen Roof in 2013

  • 2 Duplex Units With Central Air Conditioning

  • Basement Storage

  • On Site Laundry

  • 5 Units New Individual Furnaces

  • Minutes From Illinois Medical District

  • 200 SF of Rentable Space Recently Added to Two Units

Listing Contacts

SC
IL 481011345
33 Realty LLC
JM
475142902
33 Realty
Listed by 33 Realty LLC, 33 Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$122,000.00
$10,166.67/mo

Valuation Metrics

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DSCR
6.78%
Cap Rate
6.78%
ROI

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