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2021-2029 S Ruble St

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Address: 2021 S Ruble St, Chicago, IL 60616, USA

Chicago & Midwest + Apartment Buildings

Created date: June 24, 2024

Date last updated: September 23, 2024

5 Contiguous Parcels
Four (4) 2-Flats & One (1) Vacant lot
Eight (8) Apartments
Studio and 1- Bedroom Apartment Layouts
RT-4 Zoning
Vast Array of Multifamily Development Options

Property Description

Essex Three-Twelve, LLC. has been exclusively retained to market for sale, The Ruble Portfolio, located in the Pilsen neighborhood of Chicago. The portfolio includes five contiguous properties ideally positioned for redevelopment at 2021-2029 South Ruble Street. Currently, there are four multifamily apartment buildings (2-flats) and two garages situated on the offering. The units are a mix of studio and 1-bedroom apartments in various stages of updates and are currently leased. The gross land area is approximately 12,000 square feet and is presently zoned RT-4. The Pilsen neighborhood is one of the most active and vibrant markets in Chicago, and it is extremely rare to have the opportunity to acquire approximately 12,000 contiguous square feet. The current zoning allows an investor or developer a vast array of development options in this prime location.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,200,000
No. of Units:	8
Opportunity Zone:	No
Price per unit:	$150,000
Property Website	Click Here