1827 South May Street

1827 South May Street, Chicago, IL 60608

  • For Sale $1,600,000
  • Property Type Multi-Family
  • Property Size 6,400 SF
  • Units 8
  • Lot Size 0.06 Acre
  • Date Updated Jun 20, 2025
West of Halsted, East of Racine, Just South of 18th Pl and North of 19th StDiscover an extraordinary investment opportunity in the thriving neighborhood of Pilsen! This multifamily building, featuring 8 units, presents a compelling proposition with a unique value-add opportunity and below-market rents. Situated in the heart of Pilsen, this property offers the perfect combination of urban convenience and potential for significant financial upside. Each unit within this remarkable building offers spacious and well-designed layouts, catering to the diverse needs of tenants. Whether it's charming studios or comfortable 1- and 2-bedroom apartments, the potential for attracting a wide range of residents is abundant. With below-market rents in place, you have the chance to capitalize on the current upward trajectory of rental prices in Pilsen, unlocking substantial income growth. Pilsen, known for its vibrant cultural scene, artistic flair, and culinary delights, has emerged as one of Chicago's most sought-after neighborhoods. Its trendy galleries, eclectic shops, and diverse dining options create a dynamic and energetic atmosphere that draws in residents and visitors alike.
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Highlights

  • 6,400 SF building with 8 spacious and modern units
  • Efficient layout and well-designed floor plans
  • Gated Parking Available
  • High-demand rental market with low vacancy rates
  • Prime location in desirable Chicago area
  • Proximity to public transportation and major conveniences
  • Strong rental income with opportunity for value appreciation
  • Updated amenities and modern features throughout
  • Well-maintained property with attractive curb appeal

Contacts

broker
Paul Tsakiris

First Western Properties

Location

Getting Around

  • Walk Score ®

    96/100 Walker's Paradise

  • Transit Score ®

    64/100 Good Transit

  • Bike Score ®

    97/100 Biker's Paradise
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Pilsen
  • Zip Code 60608
  • Market Chicago

Points of Interest

  • Halsted Street

    0.44 miles

  • Halsted

    0.79 miles

  • UIC-Halsted (Morgan Street)

    1.28 miles

  • UIC-Halsted (Peoria Street)

    1.30 miles

  • UIC-Halsted (Halsted Street)

    1.33 miles

  • Ashland

    1.35 miles

  • Clinton

    1.45 miles

  • Cermak-McCormick Place

    1.50 miles

  • Quincy

    1.84 miles

  • Harold Washington Library-State/Van Buren

    1.90 miles

  • BP

    0.69 miles

  • Blink

    0.71 miles

  • eVgo

    0.71 miles

  • Midwest

    0.71 miles

  • Shell

    0.82 miles

  • Costco Gasoline

    0.83 miles

  • EVgo

    0.87 miles

  • Mobil

    0.87 miles

  • Citgo

    1.00 miles

  • Tesla Supercharger

    1.12 miles

  • UIC Lot 14

    0.72 miles

  • UIC Lot 5

    0.79 miles

  • Halsted Park & Ride

    0.83 miles

  • UIC Lot 20

    0.83 miles

  • UIC Lot 6

    0.87 miles

  • UIC Lot 3

    0.89 miles

  • Lot M

    1.01 miles

  • Lot F4

    1.02 miles

  • Lot K

    1.02 miles

  • Halsted Street Parking Structure

    1.02 miles

  • Jaslin Hotel

    1.09 miles

  • SpringHill Suites Chicago Chinatown

    1.29 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    1.30 miles

  • Benedictine Bed and Breakfast

    1.36 miles

  • Holiday Inn Chicago-Downtown

    1.44 miles

  • Sonder Greektown

    1.45 miles

  • Chicago Parthenon Hostel

    1.45 miles

  • Hyatt House Chicago - Medical / University District

    1.46 miles

  • Hyatt Place Chicago - Medical / University District

    1.50 miles

  • Hotel Chicago West Loop

    1.59 miles

  • Don Pedro Carnitas

    0.06 miles

  • Bobijoa

    0.07 miles

  • Pilsen Yards

    0.07 miles

  • Golden Gai Sushi & Bar

    0.07 miles

  • Caire's Pizza

    0.08 miles

  • HaiSous Vietnamese Kitchen

    0.08 miles

  • La Vaca Margarita Bar

    0.09 miles

  • Honky Tonk BBQ

    0.11 miles

  • La Luna

    0.12 miles

  • Mariscos San Pedro

    0.15 miles

  • Jungman Elementary School

    0.15 miles

  • Saint Procopius Elementary School

    0.19 miles

  • Pros Arts Studio

    0.22 miles

  • Manuel Pérez Jr. Elementary School

    0.23 miles

  • Walsh Elementary School

    0.41 miles

  • Pilsen Community Academy

    0.43 miles

  • Chicago Tech Academy

    0.49 miles

  • Smyth Elementary School

    0.55 miles

  • Benito Juárez Community Academy

    0.56 miles

  • Saint Pius School

    0.58 miles

  • Taylor Tots

    0.92 miles

  • New Zion Childcare Academy

    1.18 miles

  • LadyBug and Friends Daycare & Preschool

    1.41 miles

  • Kids & Company

    1.45 miles

  • KinderCare

    1.46 miles

  • Sonnets Academy

    1.48 miles

  • The Goddard School

    1.54 miles

  • Blocks Child Care Center

    1.55 miles

  • A Child’s Space

    1.69 miles

  • Adams Street Child Care Center

    1.85 miles

Frequently Asked Questions

How much does 1827 South May Street cost?

The space currently listed for sale at 1827 South May Street asks for $1,600,000.

What is the total square footage of 1827 South May Street?

1827 South May Street totals 6,400 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Paul Tsakiris

First Western Properties

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