You’re now developing a high-demand, three-unit multifamily investment in one of Chicago’s most culturally rich and rapidly appreciating neighborhoods: Pilsen (60608). With art, transit, and a booming creative economy, this location supports strong rental demand, excellent long-term growth, and reliable cash flow.
Here’s your full strategic blueprint for:
**PROJECT PILSEN TRIO™
Cash-Flow Positive 3-Unit Multifamily + Parking | Chicago 60608**
Tagline
Art, culture, and cash flow—stacked three high in Pilsen.
Overview
PROJECT PILSEN TRIO™ is a three-unit residential income property built for optimal long-term rental yield with:
• 2 full-sized rental units (3BR/1BA or 2BR/2BA)
• 1 fully finished basement unit (studio or 1BR flex)
• Private parking pad or garage (2–3 spaces)
• Classic Chicago-style brick architecture with modern interiors
• Located within walking distance to:
• 18th St restaurants & murals
• CTA Pink Line
• UIC/Rush Medical
• Thalia Hall + cafes
• Ideal for long-term tenants, med students, artists, or young professionals
Property Configuration
Total Units: 3
Lot Size: Standard Chicago 25×125
Zoning: RT-4 (legal three-flat)
Unit Breakdown
Unit A – First Floor (3BR/1BA or 2BR/2BA)
• Large living room, separate dining
• Open kitchen with peninsula or island
• Washer/dryer in-unit
• Target Rent: $2,200–$2,400/month
Unit B – Second Floor (same layout)
• Vaulted ceiling option or skylights
• Balcony access (optional)
• Target Rent: $2,300–$2,500/month
Unit C – Basement (Studio or 1BR)
• Private entrance
• 7’6”+ ceiling height
• Compact kitchenette + full bath
• Smart lighting + radiant floors
• Target Rent:
• Long-term: $1,100–$1,300
• Mid-term (30–90 day stays): $1,800–$2,200
• Airbnb (if legal): $90–$120/night
Total Monthly Rent Potential:
~$5,600–$6,300+
Annual Gross: $67,000–$76,000+
Expenses Estimate (Monthly)
• Mortgage (20% down on $675K): ~$3,300
• Taxes + insurance: ~$800
• Utilities (split/shared): ~$200
• Maintenance/CapEx reserve: ~$250
• Property management (optional): ~8%
Estimated Cash Flow (Monthly):
~$1,000–$1,400+
• Equity + Tax benefits
• Optional appreciation in high-growth zip code
Parking Options
• Rear 2-car garage or parking pad
• Can charge $125–$175/month per space
• Adds $250–$350/month extra revenue
Smart Features (Optional)
• Smart locks & thermostats in each unit
• Exterior camera system
• Google Fiber or high-speed provider
• In-unit combo washer/dryers
• App-based rent collection system (optional)
Design Style
• Classic Chicago 3-flat exterior (brick or stone)
• Modern, bright interiors with warm wood or concrete accents
• Efficient kitchens with matte black, brass, or natural wood cabinetry
• Neutral tile bathrooms, rainfall shower option
• Accent walls, high ceilings, and art-niche cutouts for Pilsen flair
Ideal Tenant Base
• UIC grad students / Rush residents
• Local creatives or remote tech workers
• Young professionals seeking 3BR shares
• Mid-term travelers (nurses, educators, consultants) in basement unit
Build / Rehab Strategy
• Light Rehab: $100K–$150K (kitchens, baths, flooring, basement finish)
• Full New Build: $900K–$1.2M depending on finishes
• Construction timeline: 4–6 months (rehab) or 9–12 months (ground-up)
Zoning/Permits Notes (Chicago)
• Legal 3-flat if under RT-4 zoning
• Basement unit must meet egress, ceiling height, and HVAC codes
• Airbnb mid-term or short-term subject to zoning, host caps, and registration
Conclusion
PROJECT PILSEN TRIO™ offers the best of both worlds:
stable, appreciating rental income in one of Chicago’s most dynamic zip codes, paired with cultural energy, strong tenant demand, and low vacancy potential.
It’s a portfolio foundation or house hack dream—right in the heart of art, food, and future growth.
Would you like a visual render of the three-unit brick building, interior layout of the basement suite, or a cash flow + equity projection chart?
MY DIGITAL HOME 