Multi Unit Chicago United States

In the heart of Chicago’s vibrant Pilsen neighborhood, where art, culture, and community converge, 1419 West Cullerton Street offers the rare opportunity to own a piece of history-paired with strong, in-place income. Originally built in 1872, the front residence began as a neighborhood general store, a nod to Pilsen’s rich architectural and cultural roots. Today, the property has evolved into a fully leased, three-unit investment, blending historic character with modern functionality and a consistent rent roll from day one. The property is thoughtfully configured with a spacious four-bedroom, two-bath residence in the main building, complemented by two well-appointed two-bedroom, one-bath units in the coach house-creating a versatile unit mix that continues to attract and retain tenants. With all units currently leased, this is a stabilized asset offering immediate income and long-term upside. Beyond its current performance, the property presents compelling opportunities for future growth. The upper-level coach house unit features a finished attic loft, offering the potential to duplex up or expand living space-an increasingly desirable feature that can further enhance rental income. Recent improvements reflect ongoing care and strategic investment. The 1R unit was fully renovated in 2024 with a new bathroom, engineered hardwood flooring, and stainless steel appliances. In 2025, the lower level of the 1F unit was updated with new flooring, alongside common area enhancements and the installation of a full AI-enabled security system. Additional roof work was completed in 2026, reinforcing the property’s overall condition and longevity. A detached two-car garage provides both convenience and the opportunity for additional income, further strengthening the property’s overall return profile. For investors seeking a property that combines historical significance, stable income, and future value-add potential, this offering presents a compelling opportunity-all within one of Chicago’s most dynamic and evolving neighborhoods.