NOT LISTED FOR SALE

2346 W Shakespeare Ave Chicago, IL 60647

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

Sale Details

Date Sold: November 7, 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Angelo Labriola

    Seller's Agent in 2024

    Angelo Labriola

    Sperry Van Ness

    (708) 307-7529

    1 in this area

    58 Total Sales

    Angelo Labriola
    Section Image
  • Edwin Adorno

    Buyer's Agent in 2024

    Edwin Adorno

    Hometown Real Estate Group LLC

    (773) 619-3292

    1 in this area

    32 Total Sales

    Edwin Adorno
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12173113

Midwest Real Estate Data (MRED)

APN: 14311180270000

Illinois Cook County Chicago 60647 Bucktown

2346 W Shakespeare Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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