2173 West Wilson AvenueChicago, IL 60625Price: $1,600,000

  • Price: $1,600,000
  • 43 Days on Market
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Federal 30-year interest rate: 6.7% last updated on Sep 29, 2022
* 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.
  • 1926Year Built

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The subject property consists of seven apartment units with significant upside in the rents, either as-is or after renovation. The exact unit mix is currently comprised of six two-bedroom/one-bath, and a singular one-bedroom/one-bath. Six of the units can be converted into three-bedroom/one-baths or three-bedroom/two-baths. The building has many long-term tenants with below market rents so it's not realizing its full potential. The electrical service was recently replace with a new 600AMP electrical service. Additionally, the property is in Chicago's ADU Ordinance zone, therefore adding an eighth unit is a possibility.

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Listed by Stephen Rachman of Marcus & Millichap Chicago Apartment Brokers

Based on information submitted to MRED  as of September 30, 2022 . 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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