NOT LISTED FOR SALE

2346 W Shakespeare Ave Chicago, IL 60647

Bucktown Neighborhood
8 Beds
5 Baths
3,648 Sq Ft
1890 Built

Last Sold November 07, 2024

Last sale price $1,475,000 $404 Per Sq Ft

7 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • 3-minute walk to Holstein Park
  • Patio

About This Home

As of November 2024

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.

Last Agent to Sell the Property

Angelo Labriola

Sperry Van Ness License #475130926 Listed on: 09/25/2024

Sperry Van Ness

Last Buyer's Agent

Edwin Adorno

Hometown Real Estate Group LLC License #475171078

Hometown Real Estate Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,881

Year Built

  • Built in 1890 | Remodeled in 2018

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $275
  • Insurance Expense $4,246
  • Maintenance Expense $1,800
  • Trash Expense $731
  • Water Sewer Expense $731
  • Net Operating Income $99,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,881

Year Built

Built in 1890 | Remodeled in 2018

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Partial, Walkout
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors,Walk-In Closet,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors,Walk-In Closet,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors,Skylights/Windows,Walk-In Closet,Oven/Built-in

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Trash Expense: 731
  • Water Sewer Expenses: 731

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 2400
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 99370
  • Insurance Expense: 4246
  • ElectricExpense: 275
  • Maintenance Expense: 1800
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 15880.85
  • Tax Year: 2023
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2024 11/07/24 Sold $1,475,000 +0.3% $404 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $1,470,000 -- $403 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,881 $88,000 $20,880 $67,120
2024 $15,881 $88,000 $20,880 $67,120
2023 $15,479 $75,000 $16,800 $58,200
2022 $15,479 $75,000 $16,800 $58,200
2021 $15,131 $75,000 $16,800 $58,200
2020 $13,437 $60,102 $10,920 $49,182
2019 $13,466 $66,781 $10,920 $55,861
2018 $14,523 $73,520 $10,920 $62,600
2017 $12,315 $57,206 $9,600 $47,606
2016 $12,839 $64,101 $9,600 $54,501
2015 $11,746 $64,101 $9,600 $54,501
2014 $8,733 $47,069 $8,400 $38,669
2013 $8,561 $47,069 $8,400 $38,669
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12173113

Midwest Real Estate Data (MRED)

APN: 14311180270000

Your Personal Tour Guide

Ask me questions while you tour the home.