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  • Price$1,950,000
  • Built1960

3245 West 23rd Street, Chicago

Welcome to the perfect investment opportunity in the vibrant neighborhood of Little Village! Presenting a 10-unit multifamily building that combines the benefits of a prime location, below market rents, and recently rehabbed units. This property offers tremendous potential for both immediate cash flow and long-term growth. One of the standout features of this multifamily building is its below market rents. With rental rates lower than the prevailing market rates in the area, this property provides a unique advantage. This presents an excellent opportunity for an investor to capitalize on the potential for increased cash flow. By gradually raising the rents to market levels, you can significantly boost your monthly income and enhance the overall profitability of the investment. Located in the vibrant community of Little Village, this building is situated in an area experiencing rapid growth and development.

Essential Information

  • MLS® #11876743
  • Price$1,950,000
  • Bathrooms0.00
  • Acres0.00
  • Year Built1960
  • TypeCommercial Sale
  • Sub-TypeMulti Family 5+
  • StatusActive
  • Taxes$7,843

Additional Information

  • Days on Market245

Community Information

  • Address3245 West 23rd Street
  • AreaCHI - South Lawndale
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60623

Listing Details

  • Listing OfficeFirst Western Properties

Price Change History for 3245 West 23rd Street, Chicago, IL (MLS® #11876743)

Date Details Price Change
Active (from New)
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Gold Coast Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on May 6th, 2024 at 10:38pm CDT.