1837 S Canalport

Prior Listing (under contract in Summer 2021) and now off market. Beautifully finished high quality 6-unit building in River's Edge (Southwest Loop) along East Pilsen. This pocket of Chicago is just over the bridge from the "already developed" South Loop. The 6 top end units are rented for a gross income over $23,000 a month, with this hovering a 7 cap. Buy and collect the cashflow as you watch the surrounding development bloom in this hot pocket. Appreciation is predictable here with over 350 units within 6 blocks passed through Chicago plan commission and/or being built. This pocket has a more pro-development politics than Pilsen west of 90-94. This is a superior location.

Construction on this 15,000+ sf building just finished in June 2020. We rented units quickly for July and August.

Layouts: 6 units with 3 different layouts. There are 2 duplex up, 2 duplex down, and 2 simplexes between. They are ALL desirable 3 bedroom units so you will not be competing in the more saturated 2-bed rental market during this work-at-home era where most tenants want home offices.

The duplexes upstairs are ~2400 sf with 3 beds, 2.1 baths, and 3 outdoor spaces. Roof walkout, rear large deck, and private front balconies.

The duplexes down have 3 beds, 2.1 baths, and even larger bedrooms with windows that pop light into the space so it doesn’t feel like a lower level.

The center simplex units are stylish 3-bed 2-bath ~1250 sf units with front balcony and large deck. Each unit has amazing window placement.