2123-25 W Race

Chicago, IL 60612

A unique opportunity for investors and owner occupants seeking both stability and future growth. This well-maintained three flat sits proudly on a double lot with two PINs in the heart of West Town's East Ukrainian Village, a neighborhood known for its treelined streets, historic homes, and strong community character. The property provides immediate income from long-term tenants whose rents are significantly below current market levels, offering meaningful value and potential. The top floor residence features three bedrooms, two bathrooms, hardwood flooring throughout most of the unit, two carpeted bedrooms, in-unit washer and dryer, HVAC approximately five years old, and a private deck. The first floor unit includes two bedrooms, one bathroom, and hardwood floors throughout. The garden unit offers one bedroom, a walk-in closet, tile flooring, and a furnace approximately five years old, with the lease expiring August 31, 2026. Both the first floor and second floor units are rented month-to-month, providing flexibility for future plans. A shared laundry area with one washer and one dryer serves two units, and the property includes a two car garage plus ample additional parking. With its strong rental history, below market rents, and prime East Ukrainian Village location, this multiunit presents a compelling opportunity to modernize interiors, reposition rents, or explore redevelopment options made possible by the oversized lot. It blends residential charm with everyday convenience in one of Chicago's most desirable near west neighborhoods.