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 Apr 11, 2024
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

  • Cash Cow With Below Market Rents
  • Slight Value Add
  • Super Hot Pilsen

Contacts

broker

Paul Tsakiris

First Western Properties

(773) 355-4780

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

  • 18th

    0.75 miles

  • Halsted

    0.78 miles

  • Damen

    1.16 miles

  • Cermak-Chinatown

    1.23 miles

  • Polk

    1.25 miles

  • UIC-Halsted (Morgan Street)

    1.28 miles

  • UIC-Halsted

    1.29 miles

  • Racine

    1.32 miles

  • UIC-Halsted (Halsted Street)

    1.33 miles

  • BP

    0.69 miles

  • Midwest

    0.71 miles

  • Citgo

    0.82 miles

  • Costco Gasoline

    0.83 miles

  • Mobil

    0.87 miles

  • Citgo

    1.00 miles

  • Mobil

    1.02 miles

  • Tesla Supercharger

    1.12 miles

  • BP

    1.13 miles

  • Gas Depot

    1.15 miles

  • Halsted Park & Ride

    0.83 miles

  • Lot M

    1.01 miles

  • Lot F4

    1.02 miles

  • Lot K

    1.02 miles

  • UIC Halsted Street Parking Structure

    1.02 miles

  • Lot H

    1.04 miles

  • Lot G

    1.09 miles

  • Paulina Street Parking Structure (PSPS)

    1.12 miles

  • Lot 1B

    1.14 miles

  • Lot 1A

    1.14 miles

  • Jaslin Hotel

    1.09 miles

  • SpringHill Suites by Marriott Chicago Chinatown

    1.29 miles

  • Marriott at Medical District/UIC

    1.30 miles

  • Holiday Inn Chicago-Downtown

    1.44 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

  • Chicago South Loop Hotel

    1.62 miles

  • Hotel BnB

    1.66 miles

  • Pilsen Yards

    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

  • Dusek's

    0.15 miles

  • S.K.Y.

    0.18 miles

  • Azul 18

    0.18 miles

  • Dia De Los Tamales

    0.23 miles

  • Pollo Express

    0.26 miles

  • Jungman Elementary School

    0.15 miles

  • Saint Procopius Elementary School

    0.19 miles

  • Pros Arts Studio

    0.22 miles

  • Manuel Perez Elementary School

    0.23 miles

  • Acapulco Driving School

    0.29 miles

  • Walsh Elementary School

    0.41 miles

  • Pilsen Community Academy

    0.42 miles

  • Medill Elementary School

    0.49 miles

  • Smyth Elementary School

    0.55 miles

  • Benito Juarez Community Academy

    0.56 miles

  • Taylor Tots

    0.92 miles

  • New Zion Childcare Academy

    1.18 miles

  • The Goddard School

    1.69 miles

  • Adams Street Child Care Center

    1.85 miles

  • Bright Horizons

    2.79 miles

  • Cornerstone Children's Learning Center

    3.31 miles

  • Brighton Park Early Learning Center

    3.72 miles

  • North Avenue Day Nursery

    3.79 miles

  • Peter Cottontail Day Nursery

    3.95 miles

  • UChicago Child Development Center - Drexel

    5.17 miles

Frequently Asked Questions

What is the lease rate for 1827 South May Street?

Rental asking rate at 1827 South May Street is $800,000.00/YR.

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?

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Contact Listing Broker

broker

Paul Tsakiris

First Western Properties

(773) 355-4780