2340 North Damen AvenueChicago, IL 60647Price: $1,025,000

  • Price: $1,025,000
  • 20 Days on Market
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Federal 30-year interest rate: 6.09% last updated on Feb 2, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1910Year Built

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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.

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Listed by Alexander Morsch of Peak Realty Chicago

Based on information submitted to MRED  as of February 6, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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