2040 W Charleston Street, Chicago IL 60647
Property Description
A phenomenal Bucktown location, zero vacancy, and an incredible rent roll - this classic brick four-flat is a rare fully-leased investment opportunity, with all four units occupied at market rents and income in place from day one. Set a half-block west of Damen on a quiet residential street surrounded by single-family homes, the building offers four full-floor units, each with two bedrooms, one bath, hardwood floors throughout, in-unit laundry, and independently updated mechanicals - HVAC, electrical, and plumbing serving each unit separately. Several systems were replaced between 2019 and 2024, and Unit 1F was fully remodeled in 2020, keeping deferred maintenance light for years to come. Gated entry, a shared deck, and two to three exterior parking spaces at the rear round out the building. Location does the heavy lifting on rental demand here: the 606 Trail, Walsh Playground, and Mariano's all sit within a short walk, the Blue Line is under a mile away, and I-94 access is just blocks off - the kind of walkability that keeps units leased and turnover low. A brick walk-up of this vintage is some of Bucktown's most resilient building stock, ideally suited to a long-term hold. Strong bones, a strong corner of the city, and a stabilized, fully-performing asset in one of Chicago's most in-demand neighborhoods.
Features & Information
Key Details
- List Price $1,200,000
- Property Taxes $15,039
- Year Built 1887
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Hardwood Floors
- Rent $2,600/mo
- Tenant Pays Electric,Gas
- Lease Expires 05/27
-
Unit 2
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Hardwood Floors
- Rent $1,950/mo
- Tenant Pays Electric,Gas
- Lease Expires 06/27
-
Unit 3
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Hardwood Floors
- Rent $2,150/mo
- Tenant Pays Electric,Gas
- Lease Expires 06/27
-
Unit 4
- Floor 2
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Hardwood Floors
- Rent $2,000/mo
- Tenant Pays Electric,Gas
- Lease Expires 00/00
Exterior Features
-
Parking
- # of Cars: 3
Building Information
- Number of Units 4
- Age of Building 100+ Years
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property Damen To Charleston, West On Charleston
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 15038.57
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 14311270270000
Listed by Grigory Pekarsky for Vesta Preferred LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/10/2026 10:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Bucktown
Trendy restaurants and independent shops mingle with classic neighborhood spots and unique artists' galleries in one of Chicago's most established and eclectic west side neighborhoods. Bucktown is a mecca of popular dining establishments that attract people from all over the city to enjoy a nice dinner out, or just grab a bite before heading off to catch a live music show. The menu choices in Bucktown are endless, covering all the culinary cravings, and the nightlife here is just as satisfying with block after block of hip lounges, packed pubs and casual bars that all host live bands and DJs to keep the party going until close. On top of being one of Chicago's most sought-after weekend hangouts, the neighborhood is also home to a thriving art and theater scene. Poetry readings and one-man comedy acts share the stage with traveling musicians and local painters.
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