Multifamily Housing
2021 South Ruble Street Chicago, IL 60616
Details & Description
Price: $1,850,000
    Essex Realty Group, Inc. has been exclusively retained to market for sale, The Ruble Portfolio, located in the Pilsen neighborhood of Chicago. The portfolio includes five contiguous properties ideally positioned for redevelopment at 2021-29 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.
    Listing Agents
    Steven Livaditis

    O: 773-305-4840
    stevenlivaditis@essexrealtygroup.com
    Jim Darrow

    O: 773-305-4920
    jimdarrow@essexrealtygroup.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2021 South Ruble Street

    Chicago, IL 60616

    Listing ID: 236190
    2021 South Ruble Street Chicago, IL 60616 | for Sale | Photo 1
    Building Size: 8,000 SF
    Lot Size: 0.275 AC
    Land Size: 12,000 SF
    Building $/SF: $231.25
    Land $/SF: $154.17
    Price
    $1,850,000
    Description

    Essex Realty Group, Inc. has been exclusively retained to market for sale, The Ruble Portfolio, located in the Pilsen neighborhood of Chicago. The portfolio includes five contiguous properties ideally positioned for redevelopment at 2021-29 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.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

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    Chicago Area Market Trends

    Listing Demographics for 2021 South Ruble Street Chicago, IL 60616

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population41,024354,733894,392
    Population Median Age393736
    Population by Age0-9 Yrs3974 (9%)31229 (8%)93726 (10%)
    10-19 Yrs4138 (10%)32325 (9%)88499 (9%)
    20-29 Yrs7204 (17%)81410 (22%)197208 (22%)
    30-39 Yrs7058 (17%)73324 (20%)174682 (19%)
    40-49 Yrs5465 (13%)43141 (12%)103576 (11%)
    50-59 Yrs5104 (12%)37627 (10%)91964 (10%)
    60-69 Yrs4327 (10%)32475 (9%)80337 (8%)
    70+ Yrs3754 (9%)23202 (6%)64399 (7%)
    Median HH Income$60,305$79,117$69,426
    Total Household Income< 24K4533 (27%)35005 (21%)91752 (23%)
    25-49K2914 (17%)22598 (13%)62870 (16%)
    50-74K2231 (13%)20917 (12%)51682 (13%)
    75-99K1856 (11%)17988 (11%)41345 (10%)
    100-199K3548 (21%)41583 (25%)88908 (22%)
    200K+1321 (8%)24875 (15%)54070 (13%)
    Highest Education LevelNo Diploma66253156988172
    Diploma or GED564436964111150
    Some College37413179681602
    Assoc. Degree11381007226250
    Bachelors Degree724477501176599
    Higher Degree551572063152219
    Total Housing Units17,449185,730450,328
    --Owner-Occupied7,23862,015146,104
    --Renter-Occupied9,164100,952244,523
    Owner-Occupied Values< 100K36723179184
    100-199K419603324600
    200-299K24371389327487
    300-399K15901324322688
    400-499K1097948617556
    500K+13281704444589
    Total Working Age Population34,884307,175751,988
    In Work Force22,565212,990511,717
    Not In Work Force12,31894,185240,271
    Workforce Employed21,017200,819476,116
    Workforce Unemployed1,52511,92735,131
    Civlian Workforce22,542212,745511,246
    Military Workforce23245471
    Total Households16,402162,967390,627
    Family Households8,85870,296177,356
    Non-Family Households7,54592,670213,272
    Married Couple5,72849,232113,226
    Other Family3,13021,06464,130
    Married w/Child2,25715,75240,400
    Single Male w/Child2741,5845,980
    Single Female w/Child8038,02524,339

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2021 South Ruble Street in Chicago?
    The asking price for 2021 South Ruble Street is $1,850,000
    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at 2021 South Ruble Street in Chicago is 8,000 square feet
    How much land does the Chicago, IL property at 2021 South Ruble Street include?
    2021 South Ruble Street in Chicago includes 0.275 acres of land
    What is the population within 1 mile of 2021 South Ruble Street in Chicago?
    The population within 1 mile of 2021 South Ruble Street Chicago, IL 60616 is 41,024 people.
    Who do I contact for questions about 2021 South Ruble Street?
    You should contact the listing agent, Steven Livaditis, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 7
    Chicago O'Hare International Airport (ORD) 16
    South Bend Regional Airport (SBN) 69
    Price
    $1,850,000
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