2255 West Shakespeare Avenue Chicago, IL 60647

$1,299,000
Reduced $50,500
8
Beds
$1,299,000
Reduced
$50,500
8
Beds
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price reduced
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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.

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.

Listed by:
@properties Christie's International Real Estate

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of @properties Christie's International Real Estate.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool
  • Basement

Interior Features

  • Heat Gas

Property History

DateDays AgoEventNew Price
Mar 10, 20253 days agoPrice decreased50,500 (4%)$1,299,000
Feb 27, 202515 days agoNew on market$1,349,500
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