2332 W Charleston St 6 Unit Apartment Building $1,900,000 ($316,667/Unit) Chicago, IL 60647

Triton presents the exclusive opportunity to acquire 2332 W. Charleston, located in the heart of Chicago’s vibrant Bucktown neighborhood. This six (6) unit multifamily
property offers an attractive unit mix, featuring a first-floor front unit duplexed into the basement and two third-floor units duplexed into the attic, providing larger layouts and unique living spaces. Select units offer in-unit stackable washers and dryers (Units 3F and 3R) and private rear decks for the three rear apartments, enhancing tenant lifestyle appeal and rental demand. The property has received significant capital improvements over the years including: new porches (2019), gas-forced heat and air (in select units), updated plumbing and a well-maintained roof.
An investor has the opportunity to acquire a well-maintained asset with immediate in-place income along with a path for value-add potential. By updating the kitchens and bathrooms, a new investor post-stabilization could achieve a 7.11% cap rate, allowing for a significant cash-on-cash return for many years to come.
The property is ideally positioned within walking distance to Bucktown’s premier retail, dining, and entertainment options along Damen Avenue and Milwaukee Avenue. Residents also enjoy immediate access to the 606 Trail, as well as convenient proximity to the Damen CTA Blue Line Station and the Clybourn Metra Station, providing seamless connectivity throughout Chicago. This offering presents investors the opportunity to acquire a well-located, stabilized asset with strong rental upside through interior updates and potential reconfiguration strategies, while capitalizing on one of Chicago’s most dynamic and enduring neighborhoods.