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2347 W Thomas Street Chicago, IL 60622
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Key Details
Sold Price $1,625,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,009 sqft
Price per Sqft $270
MLS Listing ID 11901349
Sold Date 12/29/23
Year Built 1915
Annual Tax Amount $22,223
Tax Year 2022
Lot Dimensions PER SURVEY
Property Description
2347 W. Thomas is a unique six-unit, plus non-conforming garden unit with approval for 2 ADUs, located in Chicago's hot Ukrainian Village Neighborhood. The front 4 units have undergone recent renovations, boasting modern finishes throughout, including updated kitchens, bathrooms, and flooring. Each apartment is equipped with in-unit laundry, individual HVAC units, and separate hot-water heaters. Situated within the sought-after Ukrainian Village Neighborhood, this property offers not only a prime location but also a myriad of benefits. Ukrainian Village has established itself as one of Chicago's most desirable neighborhoods, boasting picturesque tree-lined streets, excellent access to public transportation, thriving retail, and quick access to some of Chicago's best restaurants. This property presents an ideal opportunity for new investors to step in and capitalize on the potential for increased rental income in the recently refurbished units. Moreover, there is significant value-add potential in the three units at the rear of the property. As an added advantage, the city's new ADU program can be leveraged to introduce further value and appeal to the property.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Bought with Steven Zaleski • Compass