2345 W 23rd

Chicago, IL 60608

Rare Brick Four unit with Brick Coach house & Huge Garage In Pilsen-"Heart of Italy". The jumbo front building features three large 3 Bedroom units with Beautiful Hardwoods and wide open bright spaces thanks to the Corner location. The Brick coachhouse in back offers 2 Bright Sunny Bedrooms in a cute unit valued at $1200. Three of the 4 units will be vacant at closing. The 3 bedrooms would rent $1800-2100 each (median 3 bed rent within .5 mile over 2 years is $1900+). ALL units are ready to rent now and 1 lease for Unit 1 in front for $1800 a month in place until Spring 2025. The 2 Car Large garage under the brick coachhouse apartment will rent for another $300. There is a Yard between structures. There are multiple ways to add value and take these rents well over $8000 a month. Add laundry in the large pantries in the units would add $450+ a month based on comparables, the garage itself is rentable as it is, or as a more finished space it's 12' tall ceilings would make a great space. *** Then the bonus here is a HUGE Garden level awaiting to be finished. The "basement" is on grade and has a cement slab. It has windows, and two exits and is asking to be turned into a wonderful space. Newer partial water service. First unit has forced air heat and AC. The other 3 units have nice woodwork hardwood floors and space heaters. There is room to install easily forced air furnaces in a closet in the center of a unit. The pink line El is right up the block. The 5 Italian Restaurants (Bruna's, Bacnalia, La Fontanella, Il Vincinatto, and Ignots) are a 3 minute walk away to sit at a bar and watch the game, order takeaway or have dinner. Many other restaurants on Western avenue and the Rauner YMCA is just south on western for workouts, and all it's programming. Awesome charter school a few blocks away on Western. The I55, is also 5 minutes. UIC, the Illinois Medical center.. it's all nearby. You wont have any trouble renting here at a good price. This is the best building with the most potential to take rents over $8000 a month for the saavy investor.