2040 Charleston Street, Logan Square, Chicago, Illinois 60647
$1,200,000
|
For Sale
|
|
| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1887 |
| Property Taxes: | $15,039 |
| Days On Market: | 97 |
| Lot Size: | 0,05 |
Description
A phenomenal Bucktown location, zero vacancy, and an incredible rent roll - this classic four-flat is a rare fully-leased investment opportunity, with all four units occupied at market rents and income in place from day one. Set a half-block west of Damen on a quiet residential street surrounded by single-family homes, the building offers four full-floor units, each with two bedrooms, one bath, hardwood floors throughout, in-unit laundry, and independently updated mechanicals - HVAC, electrical, and plumbing serving each unit separately. Several systems were replaced between 2019 and 2024, and Unit 1F was fully remodeled in 2020, keeping deferred maintenance light for years to come. Gated entry, a shared deck, and two to three exterior parking spaces at the rear round out the building. Location does the heavy lifting on rental demand here: the 606 Trail, Walsh Playground, and Mariano's all sit within a short walk, the Blue Line is under a mile away, and I-94 access is just blocks off - the kind of walkability that keeps units leased and turnover low. A walk-up of this vintage is some of Bucktown's most resilient building stock, ideally suited to a long-term hold. Strong bones, a strong corner of the city, and a stabilized, fully-performing asset in one of Chicago's most in-demand neighborhoods.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1887 | |
| 2018 | |
| None | |
| Vinyl Siding | |
| Asphalt | |
| — | |
| No | |
| 0.05 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| — | |
| Forced Air | |
| 12688343 | |
| 14311270270000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 30 Jun, 2011 | Sold | $428,750 | MRED MLS |
| 22 Apr, 2011 | Under contract | $449,000 | MRED MLS |
| — | Last price change | $475,000 | MRED MLS |
| 16 Jul, 2010 | Listed for sale | $475,000 | MRED MLS |
| 30 Sep, 2019 | Sold | $760,000 | MRED MLS |
| 2 Aug, 2019 | Under contract | $780,000 | MRED MLS |
| — | Last price change | $799,000 | MRED MLS |
| 13 Jun, 2019 | Listed for sale | $799,000 | MRED MLS |
| 2 Oct, 2026 | Under contract | $1,200,000 | MRED MLS |
| 22 Jul, 2026 | Listed for sale | $1,200,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: Den
Other Specifics
| — | |
| Concrete Perimeter | |
| Driveway, Owned | |
| — | |
| — | |
| — | |
| — | |
| — | |
| 24X100 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2011 | $8,862 |
| 2019 | $13,481 |
| 2026 | $15,039 |
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Listing Provided By
Vesta Preferred LLC
