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2021-29 S Ruble Street, Chicago, IL 60616
$1,500,000
2021-29 S Ruble Street, Chicago, IL 60616View this property at 2021-29 S Ruble Street, Chicago, IL 60616
2021-29 S Ruble StreetChicagoIL60616
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Property Description
The Ruble Portfolio, located in the Pilsen neighborhood of Chicago. The portfolio includes five contiguous properties ideally positioned for redevelopment at 2021-2029 South Ruble Street. Currently, there are four multifamily apartment buildings (2-flats) and two garages situated on the offering. The units are a mix of studio and 1-bedroom apartments in various stages of updates and are currently leased. The gross land area is approximately 12,000 square feet and is presently zoned RT-4. The Pilsen neighborhood is one of the most active and vibrant markets in Chicago, and it is extremely rare to have the opportunity to acquire approximately 12,000 CONTIGUOUS SQUARE FEET. The current zoning allows an investor or developer a vast array of development options in this prime location.
Full Property Details
Full Property Details for 2021-29 S Ruble St
General
- Price: $1,500,000
- HOA FEE: $2,600
- Taxes: $28,099 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12046467
- Updated: 5/9/2024
- Added to Site: 19 day(s) ago
Location
- Area: CHI - Armour Square
- County: Cook
- Driving Directions: Ruble is a one-way street going North.
Heating & Cooling
- Heating Type: Gas
Structural Information
- Stories/Levels: 2
- Year Built: 1895
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 12,000
- Lot Dimensions: 12000
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $2,600
- Insurance Fee: $6,000
- Operating Expenses: $56,551
- Other Fee: $4,600
- Assessment Year: 1895
- Tax Amount: $28,099
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Pays Electric: 1771
Disclosures and Reports
- Property ID: 17213220100000
Listed by Essex 312, LLC
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Price & Sales History for 2021-29 S Ruble St
Date
Details
Price
Change
Source
5/03/2024
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2021-29 S Ruble St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$6,233
2%
$30,304
—
2021
$6,094
72%
$30,304
91%
2020
$3,539
—
$15,886
-10%
2019
$3,546
-4%
$17,652
-6%
2018
$3,711
23%
$18,786
34%
2017
$3,008
7%
$13,973
—
2016
$2,799
-10%
$13,973
-18%
2015
$3,121
3%
$17,030
5%
2014
$3,022
2%
$16,289
—
2013
$2,963
1%
$16,289
—
2012
$2,923
—
$16,289
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2021-29 S Ruble St
2021-29 S Ruble Street, Chicago, IL 60616 (MLS# 12046467) is a Commercial property. 2021-29 S Ruble Street is currently listed for $1,500,000 and was received on May 03, 2024. Want to learn more about 2021-29 S Ruble Street? Do you have questions about finding other Commercial real estate for sale in Armour Square? You can browse all Armour Square real estate or contact a Coldwell Banker agent to request more information.