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Renovated Quadplex Rental Property
For Sale
$1,375,000

2245 W Shakespeare Avenue, Chicago, IL 60647

All-brick four-unit building with renovated duplex layouts, private fenced yard, and in-unit washer/dryers.

Property SizeContact for details
Days on Market70

Property Features for 2245 W Shakespeare Avenue

General Information

Standard status Active
Property subtype Multi-Family

Amenities

Natural Gas
Forced Air
Patio

Building Details

Year Built 1895
Listing Agency: WDW Properties
Listed By: William Wenthen · License #471011238
Source: Kw
Added: Jun 16 Changed: Aug 23 Last Checked: Aug 13 at 4:48AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WDW Properties

Investment Insights

Based on property information with market context.

All-brick four-unit quadplex featuring four 2-bedroom, 2-bathroom duplex apartments. The building and all units have been renovated over the past nine years, including replacement of all windows and exterior doors. Interior and systems upgrades include a replaced plumbing system, new HVAC systems, and new water heaters for each unit. Each apartment includes in-unit washer/dryer and appliances reported in excellent condition. There is also a private, fenced back yard, and the property provides easy street parking.

Located in Chicago’s Bucktown/Holstein Park area, the property is positioned kitty-corner from Holstein Park. The park includes a large dog-friendly field with a baseball diamond and playground, along with a deep/large outdoor swimming pool. Indoors, the facility features two gymnasiums, an assembly hall, and a volleyball court.

The duplex configuration and recent capital improvements support steady day-to-day resident comfort, while the private yard and in-unit laundry add practical appeal for tenants. With all units currently occupied, the property offers an owner the ability to acquire a fully set up, renovated income asset with four independently laid-out rental homes.

Key Highlights

  • All‑brick 4‑unit rental building with four 2‑bedroom, 2‑bathroom duplex units
  • Entire building and all units renovated over the last 9 years, with brickwork and roof in superb condition
  • Renovations include replaced windows & exterior doors, plumbing system replacement, and new HVAC systems

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Butcher Clothing & Fashion Store Fish Market Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,102
Businesses Nearby

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - All-brick four-unit building with renovated duplex layouts, private fenced yard, and in-unit washer/dryers.
Where is this quadplex located?
The property is located at 2245 W Shakespeare Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: All‑brick 4‑unit rental building with four 2‑bedroom, 2‑bathroom duplex units; Entire building and all units renovated over the last 9 years, with brickwork and roof in superb condition; Renovations include replaced windows & exterior doors, plumbing system replacement, and new HVAC systems
More about this property
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