1827 South May Street

For Sale

1827 South May Street, Chicago, IL 60608

This Chicago property for sale is located at 1827 South May Street. The current listed sale price for 1827 South May Street is $1,600,000. 1827 South May Street is situated on a lot that is 0.06 acre in size.

Contacts

broker
Paul Tsakiris

First Western Properties

Property Details

  • Property Type Multi-Family
  • Property Size 6,400 SF
  • Units 8
  • Lot Size 0.06 Acre
  • Date Updated Jun 20, 2025
West of Halsted, East of Racine, Just South of 18th Pl and North of 19th StDiscover an extraordinary investment opportunity in the thriving neighborhood of Pilsen! This multifamily building, featuring 8 units, presents a compelling proposition with a unique value-add opportunity and below-market rents. Situated in the heart of Pilsen, this property offers the perfect combination of urban convenience and potential for significant financial upside. Each unit within this remarkable building offers spacious and well-designed layouts, catering to the diverse needs of tenants. Whether it's charming studios or comfortable 1- and 2-bedroom apartments, the potential for attracting a wide range of residents is abundant. With below-market rents in place, you have the chance to capitalize on the current upward trajectory of rental prices in Pilsen, unlocking substantial income growth. Pilsen, known for its vibrant cultural scene, artistic flair, and culinary delights, has emerged as one of Chicago's most sought-after neighborhoods. Its trendy galleries, eclectic shops, and diverse dining options create a dynamic and energetic atmosphere that draws in residents and visitors alike.
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Highlights

  • 6,400 SF building with 8 spacious and modern units
  • Efficient layout and well-designed floor plans
  • Gated Parking Available
  • High-demand rental market with low vacancy rates
  • Prime location in desirable Chicago area
  • Proximity to public transportation and major conveniences
  • Strong rental income with opportunity for value appreciation
  • Updated amenities and modern features throughout
  • Well-maintained property with attractive curb appeal

Getting around

  • 96/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 97/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Pilsen
  • Zip Code 60608
  • Market Chicago

Points of Interest

  • Halsted Street

    0.44 miles

  • Halsted

    0.79 miles

  • UIC-Halsted (Morgan Street)

    1.28 miles

  • UIC-Halsted (Peoria Street)

    1.30 miles

  • UIC-Halsted (Halsted Street)

    1.33 miles

  • Ashland

    1.35 miles

  • Clinton

    1.45 miles

  • Cermak-McCormick Place

    1.50 miles

  • Quincy

    1.84 miles

  • Harold Washington Library-State/Van Buren

    1.90 miles

  • BP

    0.69 miles

  • Blink

    0.71 miles

  • eVgo

    0.71 miles

  • Midwest

    0.71 miles

  • Shell

    0.82 miles

  • Costco Gasoline

    0.83 miles

  • EVgo

    0.87 miles

  • Mobil

    0.87 miles

  • Citgo

    1.00 miles

  • Tesla Supercharger

    1.12 miles

  • UIC Lot 14

    0.72 miles

  • UIC Lot 5

    0.79 miles

  • Halsted Park & Ride

    0.83 miles

  • UIC Lot 20

    0.83 miles

  • UIC Lot 6

    0.87 miles

  • UIC Lot 3

    0.89 miles

  • Lot M

    1.01 miles

  • Lot F4

    1.02 miles

  • Lot K

    1.02 miles

  • Halsted Street Parking Structure

    1.02 miles

  • Jaslin Hotel

    1.09 miles

  • SpringHill Suites Chicago Chinatown

    1.29 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    1.30 miles

  • Benedictine Bed and Breakfast

    1.36 miles

  • Holiday Inn Chicago-Downtown

    1.44 miles

  • Sonder Greektown

    1.45 miles

  • Chicago Parthenon Hostel

    1.45 miles

  • Hyatt House Chicago - Medical / University District

    1.46 miles

  • Hyatt Place Chicago - Medical / University District

    1.50 miles

  • Hotel Chicago West Loop

    1.59 miles

  • La Casa del Pueblo

    0.37 miles

  • 88 Marketplace

    0.73 miles

  • La Providencia

    0.74 miles

  • Park To Shop Supermarket

    0.84 miles

  • Cermak Fresh Market

    0.84 miles

  • FreshMart

    0.88 miles

  • ALDI

    0.89 miles

  • Chicago Oriental Wholesale Market

    0.89 miles

  • Jewel-Osco

    0.89 miles

  • Burlington

    1.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Paul Tsakiris

First Western Properties

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