1827 S May St, Chicago, IL 60608

Land Info

• Lot Size Acres: 0.0573921
• Lot Size Dimensions: 100X25
• Lot Size Square Feet: 2500

Homeowners Association

• Association: No
• Calculated Total Monthly Association Fees: 0

Multi-Unit Info

• Number of Units: 8
• Bedrooms in Unit-1: 2
• Bedrooms in Unit-2: 1
• Total Bathrooms in Unit-1: 1
• Total Bathrooms in Unit-2: 1
• Full Bathrooms in Unit-1: 1
• Full Bathrooms in Unit-2: 1
• Total Rooms in Unit-1: 2
• Total Rooms in Unit-2: 1

Rental Info

• Tenant Pays: Electricity, Heat

Other Property Info

• Annual Tax Amount: 14389.00
• Source Listing Status: Active
• County: Cook
• Directions: Discover an extraordinary investment opportunity in the thriving neighborhood of Pilsen! This multifamily building, featuring 8 units, presents a compelling proposition with a unique value-add opportunity and below-market rents. Situated in the heart of Pilsen, this property offers the perfect combination of urban convenience and potential for significant financial upside. Each unit within this remarkable building offers spacious and well-designed layouts, catering to the diverse needs of tenants. Whether it's charming studios or comfortable 1- and 2-bedroom apartments, the potential for attracting a wide range of residents is abundant. With below-market rents in place, you have the chance to capitalize on the current upward trajectory of rental prices in Pilsen, unlocking substantial income growth. Pilsen, known for its vibrant cultural scene, artistic flair, and culinary delights, has emerged as one of Chicago's most sought-after neighborhoods.
• Tax Year: 2021
• Source Property Type: Multi-Family
• Parcel Number: 17204090020000
• Property Subtype: Multi Family 5+
• Source System Name: C2C

Commercial Info

• Net Operating Income: 108542

Building and Construction

• Year Built: 1940
• Property Age: 84
• Levels or Stories: 3