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The subject property consists of seven apartment units with significant upside in the rents, either as-is or after renovation. The exact unit mix is currently comprised of six two-bedroom/one-bath, and a singular one-bedroom/one-bath. Six of the units can be converted into three-bedroom/one-baths or three-bedroom/two-baths. The building has many long-term tenants with below market rents so it's not realizing its full potential. The electrical service was recently replace with a new 600AMP electrical service. Additionally, the property is in Chicago's ADU Ordinance zone, therefore adding an eighth unit is a possibility.

Property Details of 2173 West Wilson Avenue

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Listed by Stephen Rachman of Marcus & Millichap Chicago Apartment Brokers

Based on information submitted to MRED  as of September 25, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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