2424 N Seminary AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60614
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