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2347 W Thomas Street, Chicago, IL 60622
$1,600,000
2347 W Thomas Street, Chicago, IL 60622View this property at 2347 W Thomas Street, Chicago, IL 60622
2347 W Thomas StreetChicagoIL60622
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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.
Full Property Details
Full Property Details for 2347 W Thomas St
General
- Sold For: $1,600,000
- Taxes: $22,223 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: 11901349
- Added to Site: 234 day(s) ago
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: North on Western Ave. Turn West on W Thomas St.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 6,009
- Year Built: 1915
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 7
- Units w/Range/Oven: 7
- # Dryers: 7
Lot Features
- Lot Size (Sq. Ft.): 3,735
- Lot Dimensions: PER SURVEY
Financial Considerations
- Operating Expenses: $44,327
- Assessment Year: 1915
- Tax Amount: $22,223
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
Disclosures and Reports
- Property ID: 17063080060000
Listed by MO2 Brokerage LLC
Sold by Compass
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Schools
Schools serving 2347 W Thomas St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2450 W Rice St, Chicago, IL 60622 | PK-8 | 0.3 mi | |
1147 N Western Ave, Chicago, IL 60622 | 9-12 | 0.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2347 W Thomas St
Date
Details
Price
Change
Source
12/29/2023
Sold
$1,600,000
-9.35%
MLS
10/06/2023
Listed
$1,765,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2347 W Thomas Street, Chicago, IL 60622 (MLS# 11901349) is a Commercial property that was sold at $1,600,000 on December 29, 2023. Want to learn more about 2347 W Thomas Street? Do you have questions about finding other Commercial real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.