2246 W Charleston Street
Chicago, IL 60647

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $1,049,000

About this home

7.1% CAP RATE, Turn Key Investment Opportunity in A+ Bucktown location short walk to Holstein Park. Gut renovated with vintage charm and fully leased 3-unit property comprised of two duplex Owner's units and one simplex apartment with enclosed rear deck and private shared yard with two car garage. Units are well updated with hardwood flooring, high ceilings, good natural light due to southern exposure, modern kitchens and baths, central AC and GFA heat. Unit 1 is a 3 bed/2 bath duplex with eat-in kitchen, LVT flooring in lower level and huge primary bed & bath. Unit 2 is a generous One bed plus den/1 bath, large eat-in kitchen and Unit 3 is a rare duplex owner's unit with full top floor as primary suite. Large rear yard for common use by tenants and two car garage. Tenants pay all their own utilities. Perfect for new and savvy investors, 1031 exchange, or owner occupants. Gross Annual Income $85, 200. Desirable Bucktown location within steps to parks, shopping, dining, entertainment and so much more. Excellent walkability less than a mile to the Western Blue Line and The 606 plus quick access on 90/94 from Fullerton! An opportunity not to be missed! Unit 2 will be vacant for owner occupant June 1st!.

Property details

Property / Lot Details
Acreage 0.05
Lot Dimensions 24 X100
Lot Description Common Grounds, Corner Lot
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Deck
Foundation Concrete Perimeter, Other
Garage Details Garage Door Opener(s), Transmitter(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Other
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park, Pool, Sidewalks, Street Lights, Street Paved
Area Major CHI - Logan Square
Zoning Type MULTI
Corporate Limits Chicago
Directions Milwaukee Ave to Leavitt St, North on Leavitt St to Charleston St, West on Charleston St
Elementary School Pulaski International
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Clemente Community Academy Senio
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Subdivision Bucktown
Township West Chicago
Interior Features
Basement Description Finished
Basement Full ,English
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 5
Full Baths in Building Count 5
Total Rooms 14
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 2795
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 07/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat, Parking
Floor Number 1
unit 2
Beds Total 1
Baths Total 1
Actual Rent 1935
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 05/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat, Other
Floor Number 2
unit 3
Beds Total 2
Baths Total 2
Actual Rent 2730
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 07/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat, Parking, Other
Floor Number 3

Financials

ElectricExpense 240
Electric Expense Source Broker Projection
Financing Conventional
Gross Rental Income $91,320
Insurance Expense $2,100
Insurance Expense Source Actual
Net Oper Income $74,502
Rental Income 91320
Investment Profile Residential Income
Water Expense $900

Tax/Assessments/Liens

PIN 14311250230000
Special Assessments N
Taxes $13,889
Tax Exemptions None
Tax Year 2022
$1,049,000 Listing Price:
MLS # 12028389
Investment Profile Residential Income
Listing Market Time 32 days
Basement Full ,English
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 04/15/2024
Year Built
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