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Four-Unit Multifamily Building
For Sale
$1,200,000

2040 W Charleston Street, Chicago, IL 60647

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.05 Acres
Days on Market47

Property Features for 2040 W Charleston Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Den, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Parking 3
Parking features Owned, Driveway
Elementary school district 299
Middle school district 299
High school district 299
Directions DAMEN TO CHARLESTON, WEST ON CHARLESTON
Subdivision CHI - Logan Square
Standard status Active
APN 14311270270000
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 15039

Utilities

Sewer type Public Sewer
Heating system Forced Air

Amenities

in-unit laundry
gated entry
shared deck

Building Details

Year built 1887
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Vesta Preferred LLC
Listed By: Grigory Pekarsky · License #471002400
Added: Jul 22 Changed: Sep 2 Last Checked: Sep 6 at 8:06AM
MLS# 12688343

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1887 multifamily property contains four full-floor apartments, with each unit arranged as two bedrooms and one bathroom. Hardwood flooring and in-unit laundry are provided throughout the apartments. Separate HVAC, electrical, and plumbing systems serve each unit, while the building has vinyl siding, forced-air heating, an asphalt roof, and public sewer service. Unit 1F received a full remodel in 2020, and several building systems were replaced between 2019 and 2024.

The property sits at 2040 W Charleston Street in Chicago’s Bucktown area, on a residential street west of Damen. All four units are occupied. Gated entry, a shared deck, and rear exterior parking for two to three vehicles add practical site features. The 606 Trail, Walsh Playground, and Mariano’s are within a short walk; the Blue Line is under a mile away, and I-94 access is a few blocks away. The lot measures 0.05 acres and is zoned MULTI.

Key Highlights

  • Four full‑floor units, each with 2 bedrooms and 1 bathroom
  • All four units occupied
  • Separate HVAC, electrical, and plumbing systems for each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

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

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

Lease Details

4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,375
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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Full-floor layouts include hardwood floors and in-unit laundry.
Where is this quadplex located?
The property is located at 2040 W Charleston Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four full‑floor units, each with 2 bedrooms and 1 bathroom; All four units occupied; Separate HVAC, electrical, and plumbing systems for each unit
More about this property
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