Map of Property

2017 S. Throop St Listing Details & Market Data

2017 S. Throop St, Chicago, IL 60608

  • For Sale $3,000,000
  • Property Type Multi-Family
  • Property Size 2,040 SF
  • Units 15
  • Lot Size 0.1 Acre
  • Year Built 1890
  • Date Updated Feb 29, 2024
North of Cermak, East of Loomis, West of Racine and South of Cullerton.Introducing an exceptional investment opportunity in the vibrant neighborhood of Pilsen! This brand new, gut-rehabbed multifamily building boasts 15 stylish units, offering the perfect blend of modern luxury and urban convenience. With a 7.21 capitalization rate, this property presents an irresistible chance for savvy investors to maximize their returns in a rapidly growing market. Located in the heart of Pilsen, one of the hottest areas in town, this multifamily building benefits from an incredibly desirable location. Pilsen is renowned for its vibrant arts scene, trendy boutiques, popular restaurants, and lively entertainment options, making it a sought-after destination for residents and visitors alike. From world-class galleries to eclectic street art, this neighborhood exudes an electric atmosphere that draws in people from all walks of life. In addition to its superb location, this multifamily building has been meticulously renovated from top to bottom, ensuring low maintenance and minimal vacancy rates. The modern upgrades, including new plumbing, electrical systems, and energy-efficient appliances, enhance the building's overall appeal, making it an attractive choice for tenants seeking a contemporary living experience.

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Highlights

  • Cash Cow In Rapidly appreciating Neighborhood
  • Brand New Gut Rehab
  • Stabilized 7.21 Cap
  • Super Hot Pilsen
  • Pro Forma 7.93 Cap

Contacts

broker

Paul Tsakiris

First Western Properties

(773) 355-4780

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (93)

  • Transit Score ®

    Good Transit (63)

  • Bike Score ®

    Biker's Paradise (96)
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Pilsen
  • Zip Code 60608
  • Market Chicago

Points of Interest

  • 18th

    0.60 miles

  • Halsted Street

    0.70 miles

  • Halsted

    0.75 miles

  • Damen

    0.94 miles

  • Ashland

    1.11 miles

  • Polk

    1.29 miles

  • Western

    1.36 miles

  • Western Avenue

    1.39 miles

  • Cermak-Chinatown

    1.41 miles

  • Racine

    1.47 miles

  • BP

    0.43 miles

  • Midwest

    0.56 miles

  • Costco Gasoline

    0.79 miles

  • Citgo

    0.82 miles

  • BP

    0.89 miles

  • Mobil

    0.91 miles

  • Shell

    1.01 miles

  • Gas Depot

    1.20 miles

  • Citgo

    1.26 miles

  • Mobil

    1.28 miles

  • Halsted Park & Ride

    0.80 miles

  • Lot M

    0.99 miles

  • Lot F4

    1.04 miles

  • Lot K

    1.07 miles

  • Lot H

    1.07 miles

  • Lot G

    1.14 miles

  • Paulina Street Parking Structure (PSPS)

    1.16 miles

  • Wood Street Parking Structure (WSPS)

    1.17 miles

  • Lot F

    1.20 miles

  • Lot B4

    1.20 miles

  • Dunkin'

    0.14 miles

  • Pollo Express

    0.22 miles

  • S.K.Y.

    0.22 miles

  • Dusek's

    0.23 miles

  • Azul 18

    0.24 miles

  • Casa Índígō

    0.24 miles

  • Taqueria El Milagro

    0.24 miles

  • Honky Tonk BBQ

    0.24 miles

  • Furious Spoon - Pilsen

    0.24 miles

  • La Esperanza

    0.25 miles

  • Manuel Perez Elementary School

    0.04 miles

  • Acapulco Driving School

    0.25 miles

  • Saint Procopius Elementary School

    0.31 miles

  • Benito Juarez Community Academy

    0.32 miles

  • Pilsen Community Academy

    0.36 miles

  • Saint Pius School

    0.37 miles

  • Jungman Elementary School

    0.41 miles

  • Pros Arts Studio

    0.45 miles

  • Cooper Elementary School

    0.49 miles

  • Medill Elementary School

    0.58 miles

  • Taylor Tots

    1.02 miles

  • New Zion Childcare Academy

    1.12 miles

  • The Goddard School

    1.88 miles

  • Adams Street Child Care Center

    1.89 miles

  • Bright Horizons

    3.05 miles

  • Brighton Park Early Learning Center

    3.46 miles

  • Cornerstone Children's Learning Center

    3.54 miles

  • Peter Cottontail Day Nursery

    3.70 miles

  • North Avenue Day Nursery

    3.90 miles

  • UChicago Child Development Center - Drexel

    5.12 miles

Contact Listing Broker

broker

Paul Tsakiris

First Western Properties

(773) 355-4780