2120 W Cullerton St Chicago, IL 60608
Heart of Chicago NeighborhoodEstimated payment $4,684/month
Total Views
5,119
9
Beds
3
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
There is an assumable loan at a rate of 3.125 with a maturity date in July of 2051 for a new buyer to take advantage of. This striking red brick three-unit building underwent a full gut renovation in 2018, completed with permits and attention to every detail. Modern upgrades include central air conditioning, new plumbing and electrical systems, fully redesigned kitchens and bathrooms with contemporary finishes, new flooring throughout, and tankless water heaters. Spacious new master bedrooms, private outdoor spaces, and a shared rear patio offer residents an elevated living experience. The building also features on-site parking for 2-3 vehicles, a premium amenity in the area. The current ownership intends not to renew the Unit 2 lease, providing an ideal opportunity for an owner-occupant to move in and enjoy the property while collecting rental income from the remaining two units. With rents currently positioned below market rates, new ownership has significant potential to increase income through rent adjustments. This is a rare opportunity to acquire a beautifully renovated, income-producing asset with both immediate and long-term upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,909
Year Built
- Built in 1908 | Remodeled in 2018
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 24 x 127
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 3 Bathrooms
Parking
- 2 Parking Spaces
- Off Alley Parking
- Assigned Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $1,606
- Water Sewer Expense $750
- Net Operating Income $48,734
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | Price Changed | $720,000 | 0.0% | -- |
| 07/24/2025 07/24/25 | For Sale | $720,000 | -4.6% | -- |
| 06/24/2025 06/24/25 | Pending | -- | -- | -- |
| 06/06/2025 06/06/25 | Price Changed | $755,000 | -2.6% | -- |
| 05/08/2025 05/08/25 | For Sale | $775,000 | +369.7% | -- |
| 11/22/2013 11/22/13 | Sold | $165,000 | -8.3% | -- |
| 09/20/2013 09/20/13 | Pending | -- | -- | -- |
| 09/13/2013 09/13/13 | For Sale | $179,900 | +9.0% | -- |
| 09/05/2013 09/05/13 | Off Market | $165,000 | -- | -- |
| 08/16/2013 08/16/13 | For Sale | $179,900 | +9.0% | -- |
| 07/29/2013 07/29/13 | Off Market | $165,000 | -- | -- |
| 07/15/2013 07/15/13 | For Sale | $179,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12359856
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