Chicago, IL 60622,2347 W Thomas Street
Chicago, IL 60622,2347 W Thomas Street
Chicago, IL 60622,2347 W Thomas Street
28
$1,625,000
$1,765,000
7.9%
Est.Price: ?

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6,009 SqFt

2347 W Thomas Street Chicago, IL 60622

Est. payment /mo
SOLD DATE : 12/29/2023

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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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Listed by Brandon Carlson • MO2 Brokerage LLC
Bought with Steven Zaleski • Compass

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Kari Kohler

Broker | FA.475.129019

+1(630) 673-4586

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