1344 W 19th Street
Chicago, IL 60608

Tools & Resources:

Description

This well-maintained 7-unit brick apartment building presents an excellent investment opportunity in Chicago's Pilsen neighborhood. The property features a desirable and diversified unit mix consisting of one (1) 3 Bed / 2 Bath unit, two (2) 2 Bed / 1 Bath units, and four (4) 1 Bed / 1 Bath units, appealing to a broad tenant base ranging from young professionals to small families. The units have been updated with modern finishes, including contemporary flooring, neutral paint palettes, and refreshed kitchens and baths, creating strong rental appeal and minimizing immediate capital expenditure requirements. As illustrated in the sample unit photo, the apartments offer clean, modern interiors with excellent natural light and functional layouts. Situated on an alley lot, the building benefits from abundant natural light and enhanced privacy across the units. The full basement features high ceilings, presenting a clear value-add opportunity for a potential future ADU (Accessory Dwelling Unit) or additional income-producing space, subject to zoning and City approval. Tenants enjoy the convenience of an on-site washer and dryer amenity, further strengthening retention and rentability. With solid masonry construction, updated interiors, and additional upside potential, this property offers both stable in-place income and a strategic opportunity for further value creation in one of Chicago's most sought-after rental submarkets.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60608
• Year Built: 1888
• Sq.Ft.: 6,204 sq ft
• Stories: 3
• Units: 7 units
• Basement: Cellar, Exterior Entry
• Lot Size: 3049 sq ft lot
• Zoning: MULTI
• # Of Dryers: 4
• # Of Ranges: 7
• # Of Refrigs: 7
• # Of Washers: 4
• # Of Window/Ac: 2
• Approximate Age: New Rehab
• Building Area Total: 6204
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.8
• Construction Materials: Brick
• Cooling: Central Individual, Window Unit(s)
• Directions: 18th Street & Loomis St, South on Loomis to 19th St, East to 1344 on the North Side of the Street along the alley.
• Electric: Separate Meters, Service - 201 to 600 Amps
• Gross Income: 168744
• Gross Rent Multiplier: 9.19
• Gross Scheduled Income: 168744
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
• Information: List Broker Must Accompany, 48-Hr Notice Required, No Sign on Property
• Lot Size Source: County Records
• Lot Size Square Feet: 2976
• Main Type: Commercial Sale
• Operating Expense: 39895
• Tax Annual Amount: 14867.18
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Combination
• Total Monthly Income: 14062
• Township: West Chicago
• Type Multi-Family: Corridor-Interior Entrance, Flats