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2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
2424 N Seminary Avenue
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$1,200,000

2424 N Seminary Avenue

8 Beds 4 Baths

Description

Prime Lincoln Park 4-Unit Investment Near DePaul. Presenting an exceptional investment opportunity in the heart of Lincoln Park. This classic all-brick 4-unit building, zoned RT-4, offers the ideal combination of location, long-term value, and flexibility for both investors and owner-occupants. Located near DePaul University, the property enjoys strong rental demand and convenient access to public transit, shops, restaurants, and downtown Chicago. Each unit features two spacious bedrooms and one full bathroom with well-designed layouts and individual HVAC systems, offering tenants comfort and control year-round. The second-floor unit has been recently renovated and is currently vacant, featuring newly refinished hardwood floors, updated windows and appliances, and fresh paint throughout. The projected rent for this unit is $2,000 per month, bringing the estimated annual gross rental income to approximately $70,800. The garden unit is leased at $1,350 per month through January 2026. The first and third floor units are both on month-to-month leases at $1,100 and $1,450 per month, respectively. The building has a 10-year-old roof and two rear parking spots that can be converted to four spaces if parked tandem. Appliances and mechanical systems vary by unit. Access to the other units will require at least 48 hours' notice. Whether you're looking to expand your portfolio or secure a property in one of Chicago's most sought-after neighborhoods, this is a rare chance to own a well-located, income-generating asset with RT-4 zoning and individual HVAC in Lincoln Park. Schedule your private showing today.

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Location

2424 N Seminary Avenue, Chicago, IL 60614

Status

Sold
John  Lyons

John Lyons

TITLE

Broker Associate

Property Amenities

Interior
Total Bedrooms: 8
Area & Lot
MLS® ID 12360318
Year Built 1916
School District 299
High School Lincoln Park High School
Middle School Oscar Mayer Elementary School
Elementary School Oscar Mayer Elementary School
Type Multi-Family
Status Sold
Exterior
Heat type Natural Gas
Water Source Public
Parking Unassigned, On Site, Owned
Roof Rubber
Finance
Sales Price $1,200,000
Real Estate Tax $13,398 yearly

Lincoln Park

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