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Two to Four Units · Chicago, IL
$619,000
7 beds · 4 baths
1801 W 21st Place, Chicago, IL, 60608
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Rare 4-Unit in the Heart of Pilsen! Exceptional investment opportunity on an approximately 25' x 125' corner lot (per survey) with RT-4 zoning (buyer to verify). Rare opportunity to acquire a legal 3-unit PLUS a separate coach house in one of Chicago's most sought-after investment neighborhoods. Coach house with front door direct access to Wood Street, allowing it to function much like a standalone single-family home. The front building offers a spacious first-floor duplex-down with soaring ceilings and finished lower level, a rear first-floor 2-bedroom with excellent duplex potential, and a bright, sun-filled second-floor 2-bedroom. The coach house features its own private entrance, lofted ceilings, a 2-bedroom/1-bath layout, and a full unfinished basement offering exceptional storage and future expansion potential. Substantially renovated in 2003, the property features separate electric service and HVAC for all four units. Additional improvements include a front building roof replacement (approximately six years ago) and a new furnace and central air system in the coach house (2025). Offered AS-IS, the property is ready for thoughtful updating and presents an outstanding value-add opportunity. Lovely long-term tenants provide stable in-place income while offering significant upside through future renovations, lease optimization, and rent growth. Current Gross Income: $44,280/year ($3,690/month) Current Rent Roll * Unit 1F: 1BR/1BA duplex-down | $1,100/month | Lease through 5/31/27 * Unit 1R: 2BR/1BA | $700/month | Month-to-month * Unit 2F: 2BR/1BA | $690/month | Month-to-month * Coach House: 2BR/1BA | $1,200/month | Month-to-month Three of the four units are month-to-month, providing immediate flexibility to implement a value-add strategy while maintaining current cash flow. Ideally located in the heart of Pilsen, just steps from the vibrant 18th Street corridor featuring neighborhood favorites including 5 Rabanitos, Los Comales, Pizza Nova, and Carniceria Maribel. Conveniently located near the CTA Pink Line, UIC, the Illinois Medical District, and Downtown Chicago. First showings by appointment only July 10, 11 & 12. Buyer to independently verify zoning, legal unit count, redevelopment potential, and all property information.
— the listing agent’s description

The home

7 beds
4 baths
Built in 1873
Lot 25X125
Two to Four Units

What it’ll cost

$15,872 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$4,795/mo
Principal & interest$3,291
Property taxes$1,323
Homeowners insurance$181
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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7 days on dwello
Price history
Listed for sale
Aug 10, 2026
$619,000
Earlier records
Listed
Jul 8, 2026
$659,900
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$15,872/yr
Assessed value
2025
County assessor
$79,000~$790,000 mkt
2024
$79,000~$790,000 mkt
2023
$84,000~$840,000 mkt
2022
$84,000~$840,000 mkt
2021
$84,000~$840,000 mkt
2020
$35,469~$354,690 mkt
2019
$40,514~$405,140 mkt
2018
$40,514~$405,140 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasAluminum SidingVinyl SidingPublic Sewer

Schools

Elementary — Cooper Elementary School Dual La
High — Juarez High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Anne Connolly Rief · @properties Christie's International Real Estate
Listing last updated Aug 16, 2026 · data refreshed from the MLS Aug 16, 2026, 5:11 AM CT
Based on information submitted to the MLS GRID as of Aug 16, 2026, 5:11 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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