2346 W Shakespeare Avenue
Chicago, IL 60647

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $1,470,000

About this home

Introducing a beautifully renovated brick 3-unit property in the vibrant Bucktown/Logan Square neighborhood of Chicago. This exceptional building features two spacious 3-bedroom, 2-bathroom duplex units and a large 2-bedroom, 1-bathroom unit, each thoughtfully designed with in-unit laundry. With on-site parking and currently below-market rents, there is significant potential for rental income growth, making this a compelling investment opportunity. The property boasts a remarkable track record, consistently achieving full occupancy, with rental rates increasing year over year-evidence of its stability and appeal in a location known for significant value appreciation. Situated just steps from the expansive 3-acre Holstein Park, residents enjoy a wealth of amenities, including two gymnasiums, an assembly hall, a swimming pool, a baseball field, a volleyball court, and a playground with a spray water feature, enhancing the overall desirability of this investment property.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1890
Parking Total 3
Exterior Building Type Brick
Exterior Property Features Deck ,Patio
Garage On-Site Yes
Parking Space/s
Rehab Year 2018
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Logan Square
Zoning Type MULTI
Corporate Limits Chicago
Directions From Armitage Ave head North on Western and the East onto Shakespeare
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Partially Finished
Basement Bathrooms No
Basement Partial, Walkout
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 5
Full Baths in Building Count 5
Total Rooms 28
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 3670
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Hardwood Floors, Walk-In Closet, Oven/Built-in
Full Baths Total 2
Lease Expiration Date 5/25
Rooms Total 11
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 2287
unit 2
Beds Total 2
Baths Total 1
Actual Rent 3000
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Hardwood Floors, Walk-In Closet, Oven/Built-in
Full Baths Total 1
Lease Expiration Date 4/25
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1183
unit 3
Beds Total 3
Baths Total 2
Actual Rent 3900
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Hardwood Floors, Skylights/Windows, Walk-In Closet, Oven/Built-in
Full Baths Total 2
Lease Expiration Date 4/25
Rooms Total 10
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 2330
Property / Lot Details
Lot Dimensions 2400
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Story Unit/s
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 275
Financing Conventional
Insurance Expense $4,246
Net Oper Income $99,370
MaintenanceExpense 1800
Scavenger Expense $731
Investment Profile Residential Income
Water Expense $731

Tax/Assessments/Liens

PIN 14311180270000
Special Assessments N
Taxes $15,881
Tax Year 2023
$1,470,000 Listing Price:
MLS # 12173113
Investment Profile Residential Income
Listing Market Time 43 days
Basement Partial, Walkout
Type Unit 3 Story Unit/s
Number of Units in Building 3
Parking Space/s
List Date 09/25/2024
Year Built 1890
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