Back 2053 North Bingham Street
Off Market

2053 North Bingham Street

Chicago IL 60647

4
1
Multi-Family
Last sold for $350,000
Kari EdwardsKari Edwards, last sold this property on 16 October 2023 after 83 days on market.

Overview

Welcome to the thriving neighborhood of Logan Square! We present to you an exceptional opportunity to own a charming 2-Flat, which could possibly be converted to a 4-flat or even a single family in this up-and-coming area, perfect for investors and savvy homebuyers looking to make their mark. This property boasts immense potential and is eagerly awaiting a complete remodel to unleash its full splendor. Property Highlights: Ideal Location: Situated in the heart of Logan Square, this property benefits from all the perks of city living. Enjoy easy access to trendy cafes, restaurants, boutique shops, and a vibrant arts scene that makes this neighborhood so sought after. Two-Flat Beauty: This traditional Chicago-style 2-Flat offers versatility and income-generating possibilities. With two separate units, you have the option to live in one and rent out the other, generating a passive income to help with mortgage expenses. Endless Potential: This property is a blank canvas, waiting for your creative touch to transform it into a modern urban oasis. From reimagining the interior layout to updating the facade, the possibilities are limited only by your imagination. Income-Producing: Already a fantastic investment, this property could provide a steady stream of revenue from rental units. With the increasing popularity of Logan Square, the rental demand is expected to rise, making this property a smart long-term investment. Vacant Lot Adjacent: Included with the property is a vacant lot right next door. Let your vision and ambition drive you to unlock the full potential of this valuable addition with possibility of parking lot or garage. Rapidly Growing Neighborhood: Logan Square has been steadily rising as a favored destination for young professionals, artists, and families. Its strong sense of community, great restaurant scene, and excellent transportation options make it an appealing location for prospective tenants and buyers alike. Investment in the Future: As an up-and-coming neighborhood, Logan Square offers the chance to invest in a rapidly growing market with promising appreciation potential. Take advantage of this opportunity to secure a prime piece of real estate in a highly desirable location. If you are a visionary investor or a homebuyer looking for an exciting project, this 2-Flat in Logan Square is the perfect canvas for your dreams. Don't miss out on this chance to be a part of the neighborhood's flourishing story. Embrace the potential, reimagine the spaces, and enjoy the rewards of owning a piece of Chicago's dynamic real estate market. Act now and seize the opportunity! The single-family could possibly be converted into a 3-4 flat, vacant lot improved with a parking lot or garage. Buyers should verify with the Chicago zoning map and the city. The seller makes no representations that such improvements would be permissible.

Features

4 bedrooms
1 carspace
1 garage space
Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 2053 North Bingham Street is $565k.

Median value
$565k
Estimated value range
$350k - $1.14m
Median days on market
10
Estimated value trend
-8%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2053 North Bingham Street

2023
Sold
$350,000
16 Oct 2023 by Kari Edwards, of Keller Williams Inspire - Geneva

Happy sellers in Chicago

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We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for 4 bedroom multi families in Chicago

In the last 12 months, 17 four-bedroom multi families similar to 2053 North Bingham Street, have been sold.

This represents a 52% increase in four-bedroom multi families sales when compared to the previous 12 months.

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