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2007 S Allport Street

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Address: 2007 S Allport St, Chicago, IL 60608, USA

Chicago & Midwest + Apartment Buildings

Created date: February 19, 2024

Date last updated: October 4, 2024

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

Property Description

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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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,700,000
No. of Units:	7
Lot Size:	0.07 Sq ft
Opportunity Zone:	No
Price per unit:	$242,857
Property Website	Click Here