1837 South Canalport AvenueChicago, IL 60616Price: $3,250,000

  • Price: $3,250,000
  • 95 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.05Acreage
  • 14,400Square Feet
  • 2020Year Built

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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.

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Listed by Phillip Buoscio of Better Living Realty

Based on information submitted to MRED  as of October 17, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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