Chicago, IL 60647,2340 N Damen AVE
Chicago, IL 60647,2340 N Damen AVE
Chicago, IL 60647,2340 N Damen AVE
$1,000,000
Est. payment /mo
$1,025,000
2.4%
Est.Price: ?

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SOLD DATE : 04/20/2023

Key Details

Sold Price $1,000,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11755296

Sold Date 04/20/23

Maintenance Fees $1,700

Year Built 1910

Annual Tax Amount $23,605

Tax Year 2021

Lot Dimensions 25 X 125

Property Sub-Type Multi Family 5+

Property Description

2340 N. Damen, a 5-unit+ apartment building located in the rapidly developing Bucktown neighborhood. This property sits adjacent to the bustling Fullerton and Damen intersection and offers a new owner the rare opportunity to gut renovate a unique asset in an irreplaceable location ripe for development. The unit mix consists of four (4) 1 Bed/1 Bath units with large, separate living & dining rooms as well as spacious bedrooms. Additionally there are two (2) 2 Bed/1Bath units on the front of the building. Apartments feature predominately hardwood flooring with a mix of remodeled and standard vintage finishes.. A new owner may realize tremendous rental upside by adding central air and laundry in all of the units and updating the bathrooms and kitchens. 2340 N Damen is located just one block away from Midtown Athletic Club, the premier lifestyle club in the city, featuring top of the line luxury gym amenities and various sports courts and pools. Additionally the subject property is just two blocks away from both entrances the the Kennedy Expressway. This offering provides a new operator the ability to acquire a primely located 6 unit building with incredible value-add potential in a quickly developing popular Sub-Market.

Location

State IL

County Cook

Area Chi - Logan Square

Interior

Cooling None

Fireplace N

Exterior

Roof Type Rubber

Building

Level or Stories 4

Structure Type Brick

Others

HOA Fee Include None

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Midwest Real Estate Data (MRED) IDX
Listed by Alexander Morsch • Peak Realty Chicago
Bought with Liliana DeLeon • Chicagoland Brokers, Inc.

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agent

Jay English

+1(224) 368-9177

Licensed Broker & Investor | License ID: 475.212444

Licensed Broker & Investor License ID: 475.212444

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