1837 South Canalport Avenue, Chicago, 60616

$3,250,000 - Multi Family 5+ For Sale

$3,250,000

Beds
Baths
Sqft
½Acres
2020Built
MLS® #: 11155574
Temporarily No Showings, 97 Days on Website

Beautifully Finished High Quality 6 unit Building in River's Edge(Southwest Loop) along East Pilsen. This pocket of Chicago is just over the bridge from the "already developed" South Loop. Buy and collect the cashflow as you watch the surrounding development bloom in this hot pocket. Appreciation is predictable here with over 350 units within 6 blocks passed through Chicago Plan Commission and/or being built. Construction on this 15,000 plus square foot premium building just finished in 2020. They are ALL desirable three bedrooms units so you will not compete in the saturated 2 bed rental market during this work-at-home era when most tenants want more "work at home" space/home offices...etc... MORE UNIT DETAILS: The duplex Up's are ~2400 sf with 3 beds and 2.1 baths and 3 outdoor spaces Roof walkout, rear large deck and front private balcony-unique & impressive. The duplex down has 3 beds and 2.1 baths and even larger bedrooms w windows that pop light into the space so it does not "feel" like it is on a lower level... The duplexes all beat the competition: The top level of the duplex up is a to-die-for amazing open space and the duplex down is so over-sized your tenants will never leave. The center simplex units(sandwiched nicely between the duplex up and duplex downs) are stylish 3 bed 2 about 1250 sf each with front balcony and large deck. Each unit has amazing window placement to give you light, bright and easy to rent space with all the amenities..... LOCATION DETAILS: This hot location offers more than the tired and older lower callers of the "already-baked and already-boomed" areas north of the loop. Forbes did not call this location (East Pilsen) "One of the Globes Coolest 12 Neighborhoods" for nothing. The movement IS to this magnet now. ON THE MAP: A 4000 seat music venue(Radius) is 2 blocks south(640 w cermak) and a land parcel around corner has 300+ unit planned unit development (19th Jefferson-was submitted to the city in 2019). Many other scattered sites of development within blocks. As This pocket of Pilsen has more land to build on, Jewel is 3 blocks up Canal, Whole Foods/Icon Theatres and Roosevelt District is at 1200 south ( that is 6 blocks north). The south loop is A walk East over 18th st bridge at Canal/18th. Metra stop at Halsted/16th. Red line (cermak / wentworth) and orange line(halsted/archer) are walkable just under a mile for either. Tenants have a plethora of options for transportation.

Additional Information: This property is located in the CHI - Lower West Side neighborhood, IL. This bedrooms multi family 5+ property is priced at $3,250,000.

Price & Status History

Date Details
Status Changed from Contingent to Temporarily No Showings

Essential Information

MLS® #: 11155574
Price: $3,250,000
Taxes: $28,000
Acres: 0.05
Year Built: 2020
Type: Commercial Sale
Sub-Type: Multi Family 5+
Status: Temporarily No Showings

Community Information

Address: 1837 South Canalport Avenue
Area: CHI - Lower West Side
City: Chicago
County: Cook
State: IL
Zip Code: 60616

Amenities

Parking Spaces: 6

Exterior

Exterior: Brick
Roof: Membrane
Foundation: Concrete Perimeter

Listing Details

Listing Office: Better Living Realty

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Listing information last updated on October 18th, 2021 at 11:38am CDT.