2345 W 23Rd Place, Chicago, Illinois 60608
- $705,000
- 11
- BD
- 4
- BA
- Sold Price
- $705,000
- List Price
- $749,900
- Closing Date
- Feb 08, 2024
- MLS#
- 11930519
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 11
- Bathrooms
- 4
- Gross Rental Income
- $79,800
- County
- Cook
- City
- Chicago
- Neighborhood
- Heart of Italy
- Days On Market
- 0
Property Description
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.
/u.realgeeks.media/chicagorealestatesource/header.png)
Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2021
- Tax Exemptions
- Homeowner, Senior, Senior Freeze
- Tax Amount
- $13,070
- Lot Dimensions
- 25X125
- Lot Size Range
- Less Than .25 Acre
- Units
- 4
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parking Details
- Garage, On Site, Garage Owned, Detached
- Heating
- Natural Gas, Electric
- Basement
- Yes
- Total Rental Income
- $79,800
Mortgage Calculator
Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid
Selling Office: Better Living Realty.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Copyright 2026 MRED LLC. All rights reserved.
Based on information submitted to the MLS Grid as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MLS Grid. MRED supplied Open House information is subject to change without notice. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Some listings have been excluded from this website.