Bucktown | Renovated Large 3-Unit

2346 W Shakespeare Chicago, IL 60647

2346 W Shakespeare, Chicago, IL, 60647
2346 W Shakespeare, Chicago, IL, 60647
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,470,000
Last Verified:
Sep 25, 2024

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Highlights

  • Beautifully Renovated Building
  • In-Unit Laundry
  • Surrounded by Million Dollar Homes
  • 2 Expansive Duplex Units
  • Prime Bucktown Location
  • Steps From the CTA Blue Line Stop
  • Walking Distance to Grocery, Coffee & Restaurants
  • Easy Access to Kennedy Expressway
  • Walk Score of 94

Description

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 100% 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. This prime location not only offers easy commutes but also provides tenants with a rich variety of recreational options, enhancing the overall desirability of this investment property.

Discover urban living at its finest in this exceptional 3-unit building located at 2346 W Shakespeare in Chicago's highly sought-after Bucktown neighborhood. Perfectly positioned just steps from Holstein Park, this property offers unparalleled access to everything the area has to offer. With the CTA Blue Line nearby and easy access to the Kennedy Expressway, commuting is a breeze.

Nestled within a vibrant pocket of high-end homes and luxury apartments, this location provides residents with the ultimate convenience. Enjoy the ease of walking to nearby grocery stores, charming coffee shops, a variety of top-tier restaurants, local breweries, reputable schools, and diverse shopping options—all just a short stroll away.

This property's prime location is underscored by its impressive Walk Score of 94 (Walker's Paradise), a Bike Score of 89 (Very Bikeable), and a Transit Score of 71 (Excellent). Whether you're a commuter, cyclist, or someone who loves to explore on foot, this building offers the ideal setting for a connected and vibrant lifestyle.


Year Built: 1887
Building Size: 5800sq ft
Lot Size: 0.06 acres

Map of 2346 W Shakespeare, Chicago, IL, 60647

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.