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$1,399,000

Est. payment - /mo

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8 Beds

4 Baths

New

2424 N Seminary AVE Chicago, IL 60614

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12265267

Bedrooms 8

Year Built 1916

Annual Tax Amount $13,397

Tax Year 2023

Lot Dimensions 20X120

Property Sub-Type Two to Four Units

Property 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. Showings begin May 2, 2025, and 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.

Location

State IL

County Cook

Area Chi - Lincoln Park

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Community Features Sidewalks, Street Lights

Roof Type Rubber

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Oscar Mayer Elementary School

Middle Schools Oscar Mayer Elementary School

High Schools Lincoln Park High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by John Lyons • Baird & Warner

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106