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1515 W 17Th Street, Chicago
$880,000
12660079 MLS ⋅ CLOSED Status
PRIME PILSEN DEVELOPMENT AND INVESTMENT OPPORTUNITY. Situated in one of Chicago's most sought-after and rapidly evolving neighborhoods, this property offers exceptional potential for investors, developers, and visionaries alike. The existing solid brick, building consists of 6 units (two units on each floor) providing immediate income while plans for future redevelopment are explored. (Units 1F and 1R were used as owner's suite.) Rarely available outdoor patio space and detached 2 car brick garage. With all units leased on a month-to-month basis, buyers benefit from maximum flexibility for repositioning, renovation, or redevelopment. The property's highly desirable location-just steps from public transit, Harrison Park, Illinois Medical District (UIC and Rush), UIC campus, and Pilsen's renowned dining, arts, and cultural scene-makes it an outstanding candidate for long-term appreciation and future development opportunities. Whether your strategy is to generate current cash flow, a value-add renovation, or capitalize on the area's strong redevelopment momentum, this property offers a rare chance to secure a premier site in one of Chicago's most dynamic investment corridors. (Property is zoned RT-4 and is being sold "AS IS".) Serious pre-approved buyers only. Property is tenant occupied - 48 hrs. notice required for all showings.

1515 W 17Th Street, Chicago

927 W Cullerton Street, Chicago
$550,000
12661977 MLS ⋅ CLOSED Status
Rare redevelopment or restoration opportunity in the heart of Pilsen. Property features two buildings on one lot. The front building consists of three stories plus a full basement and attic, with approximately 5,000+ square feet of building area. Property is being sold strictly AS-IS. STRICTLY CASH OFFERS ONLY. Building requires substantial rehabilitation and is best suited for experienced investors, developers, or rehabbers. Ideally located in one of Chicago's most dynamic and rapidly evolving neighborhoods, this property offers convenient access to Downtown Chicago, the Illinois Medical District, University Village, public transportation, and major expressways including I-55, I-90, and I-94. The surrounding area has experienced substantial redevelopment and investment activity, with numerous renovated properties, new construction homes, and condominium developments contributing to the neighborhood's continued growth and revitalization. Utilities are not active and will not be turned on for inspections or buyer due diligence. Due to the property's condition, interior access will not be provided prior to acceptance. Buyers are encouraged to perform exterior inspections and submit their highest and best offer. Upon seller acceptance of an offer, the buyer will be granted access to conduct inspections and complete their due diligence. Buyer is responsible for all due diligence regarding zoning, legal use, permits, court matters, code violations, building condition, square footage, unit count, and redevelopment potential. Seller will make no repairs, provide no credits, and offers no warranties.

927 W Cullerton Street, Chicago

1838 S Racine Avenue, Chicago
$865,000
8 Beds ⋅ 4 Baths ⋅ 12433143 MLS ⋅ CLOSED Status
1838 S Racine Ave is a fully renovated four-unit multifamily property located in the heart of East Pilsen-one of Chicago's most culturally vibrant and rapidly appreciating neighborhoods. Offering a strong 7.8% in-place cap rate, this asset is just off 18th Street and surrounded by award-winning dining, art, and community energy. In fact, Pilsen has been recognized as one of the coolest neighborhoods in the world, celebrated for its rich culture, dynamic food scene, and thriving art galleries. It's the only Chicago neighborhood to earn this global recognition, underscoring its distinct character and widespread appeal. The property features two three-bedroom, one-bath units and two one-bedroom, one-bath units, all of which were fully renovated in 2018. Renovations include modern kitchens with Samsung stainless steel appliances, granite countertops, updated cabinets, gas ranges, and French-door refrigerators with pull-out freezers. Each unit offers full-size in-unit laundry, updated bathrooms, new flooring, and individual HVAC systems with central heat. The building also benefits from a tear-off roof replacement in 2014 and newer windows installed in 2002. Interiors are bright and welcoming, with wood laminate flooring throughout, spacious queen-sized bedrooms with walk-in closets, and open-concept living and dining areas. Select units include window A/C units for added comfort. Residents enjoy private access to a shared backyard-perfect for relaxing outdoors-and the convenience of two parking spaces in the rear, including one garage and one surface spot. Located within walking distance to popular spots like La Luna, Pilsen Yards, and Rabbanitos, and just over a mile from UIC, the property boasts a Walk Score of 97-making it a true "Walker's Paradise." Divvy bike stations, CTA stops, and proximity to downtown further enhance connectivity and rental demand. The building is fully leased through 2026 with excellent in-place rents and responsible tenants. Tenants pay for gas, electricity, and internet, while the owner covers water, trash, sewer, and recycling. This is a turnkey investment opportunity in one of the most exciting neighborhoods Chicago has to offer-with both cash flow stability and long-term upside.

1838 S Racine Avenue, Chicago



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