2255 W Shakespeare AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60647
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12298826
Bedrooms 8
Annual Tax Amount $17,509
Tax Year 2023
Lot Dimensions 24 X 100
Property Sub-Type Two to Four Units
Property Description
Primo Bucktown/Holstein Park, center entrance, 4 unit, corner building with all 4 units looking over the green space of the park. Each of the 4 units feature 2 bedrooms and 1 bathroom and central a/c and heat. Unit 1W features a renovated kitchen with quartz counters and stainless steel appliances and in unit laundry. The other 3 units feature a 90's era kitchen set up and share laundry in the basement. The renovation in 1W cost $15,000 and saw rent raise from $2,100 to $2,500 per month so proof of concept that another $45,000 investment can raise the gross monthly rents to roughly $10,000 a month from $8,625 where they stand today. Our contractor would be happy to do the work on the remaining units at their next vacancy. This is a gem of a building in the heart of my favorite pocket in Bucktown with four nice floorplans all overlooking the park. There is an unfinished basement currently used for laundry and storage where a buyer could explore adding more units or more square footage. Parking for 3 cars behind the building.
Location
State IL
County Cook
Area Chi - Logan Square
Rooms
Basement Full
Interior
Heating Natural Gas,Forced Air
Fireplace N
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany