Address
2021-29 S Ruble Street, Chicago, IL
Price
$ 1,500,000
Property Attributes
  • MLS#12046467
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Armour Square
  • NeighborhoodEast Pilsen
  • Zip60616
  • Style
  • Year Built1895
  • Taxes$ 28099
  • Price$ 1,500,000
  • Bedrooms1
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.275482 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

The Ruble Portfolio, located in the Pilsen neighborhood of Chicago. The portfolio includes five contiguous properties ideally positioned for redevelopment at 2021-2029 South Ruble Street. Currently, there are four multifamily apartment buildings (2-flats) and two garages situated on the offering. The units are a mix of studio and 1-bedroom apartments in various stages of updates and are currently leased. The gross land area is approximately 12,000 square feet and is presently zoned RT-4. The Pilsen neighborhood is one of the most active and vibrant markets in Chicago, and it is extremely rare to have the opportunity to acquire approximately 12,000 CONTIGUOUS SQUARE FEET. The current zoning allows an investor or developer a vast array of development options in this prime location.

Price History
5/3/2024 Listed $1,500,000

General Features

Zoning MULTI
Year Built 1895
Tenant Pays Electricity,Heat
Stories 2
Tax Year 2022
Gross Income 117660
County Cook
Net Operating Income 62509
Operating Expense 56551
Insurance Expense 6000
Property Type Commercial Sale
MaintenanceExpense 2600
Status Active
Directions Ruble is a one-way street going North.
City Chicago
NumberOfUnitsTotal 8
MLS Area CHI - Armour Square
Lot Size Square Feet 12000
Street Name Ruble
Tax Annual Amount 28099
Electric Expense 1771
Fuel Expense 1050
Water Sewer Expense 3673
Additional Parcels Y/N Yes
Days on Market 6
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Street

Exterior Features

Lot Dimensions 12000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60616

Price
AVG $980K
$1.5M
Taxes
AVG $11,509
$28,099
Visits
AVG 125
134
Data Provided by Inside Real Estate®
Year Built
AVG 1893
1895