Skip To Content

2340 N Damen Avenue

Chicago, IL 60647
  • $1,025,000
  • STATUS: Active Under Contract
  • ON SITE: 63 Days
  • MLS #: 11702307
Under Contract
UPDATED: 67 min ago
$1,025,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

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.

Monthly Payment Calculator



© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-03-21T22:58:22.387 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.angelawalkerhomes.com/homes/136108004
Print Image

2340 N Damen Avenue Chicago, IL 60647

  • Price: $1,025,000
  • Status: Active Under Contract
  • On Site: 63 Days
  • Updated: 67 min ago
  • MLS #: 11702307
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1910
Built
Neighborhood:
Chi - Logan Square
County:
Cook
Area:
Chi - Logan Square
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.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Parking Total 2 Roof Rubber Roof Structure Flat

Interior Features

Cooling None Heat Ventilation Gas Miscellaneous Inside Storage Inside Number Of Dishwashers 6 Number Of Dryers 2 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age Older Association Fee Includes None Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Current Use Multi-Family Electric Circuit Breakers Fire Protection Smoke Or Fire Protectors Gross Income 81060 Gross Scheduled Income 81060 Insurance Expense 3000 Maintenance Expense 1700 Mls Actual Status Contingent Net Operating Income 48252 Operating Expense 30755 Ownership Types Individual Possible Use CommercialMulti-FamilyRetail Tax Annual Amount 23605 Tax Year 2021 Tenant Pays ElectricityHeatHot Water Total Monthly Income 6755 Township North Chicago Type Multi Family 5+

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Peak Realty Chicago: 312-312-9844.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-03-21T22:58:22.387 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11702307-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11702307-1.jpg
Logo
Angela Walker Homes Real Estate Group
1547 Westchester Blvd.
Westchester IL, 60154