2118 N SEMINARY Avenue
Chicago, IL, 60614
$1,499,900
7 Beds
4 Baths
SqFt
0 Acres
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$1,499,900
2118 N SEMINARY Avenue
Chicago, IL, 60614
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Welcome to this incredible investment opportunity nestled in the coveted neighborhood of Lincoln Park, Chicago. Presenting a meticulously maintained four-unit property, this stunning brick building offers a rare chance to own a piece of this vibrant and highly sought-after community. With its prime location, excellent rental potential, and timeless appeal, this property is truly a standout in the market. Unit 1: This spacious first-floor unit features 2 bedrooms and 1 full bathroom, making it perfect for a growing family or young professionals seeking comfort and convenience. Highlights include parquet hardwood floors and large bay windows. In-unit laundry could be added if desired. Unit 2: Located on the second floor, this tastefully designed unit offers 2 bedrooms and 1 full bathroom. From the moment you step inside, you’ll be greeted by a beautiful marble fireplace and abundant natural light. The unit also offers a spacious balcony and quaint nook behind the living room, perfect for a designated office space. Unit 3: Situated on the third floor, this light-filled unit boasts 2 bedrooms and 1 full bathroom. The open layout creates a seamless flow between the living, dining, and kitchen areas, providing a perfect space for entertaining guests. The unit includes in-unit laundry, a spacious balcony, and sweeping views of tree-lined Seminary Avenue. Unit 4: Offering privacy and tranquility, the coach house unit is a hidden gem within this property. With 1 bedroom and 1 full bathroom, it provides a comfortable living space for its occupants. This duplex down unit offers in-unit laundry, a cozy corner fireplace, and classic hardwood floors. Exterior Features: The charming brick facade of this property exudes timeless elegance and is complemented by well-maintained landscaping. A spacious courtyard between the buildings provides a peaceful retreat. The property also offers coin laundry and storage beneath the coach house. Location: Nestled in the highly desirable Lincoln Park neighborhood, this property benefits from its proximity to a plethora of amenities. Residents can enjoy easy access to Lincoln Park Zoo, beautiful lakefront parks, trendy boutiques, renowned restaurants, and vibrant nightlife. Additionally, with convenient transportation options nearby, commuting to downtown Chicago or other parts of the city is a breeze. Investment Opportunity: This four-unit property presents an exceptional investment opportunity for savvy buyers. Whether you’re looking to generate rental income or occupy one unit while renting out the others, this property offers incredible potential. With the consistently strong demand for housing in Lincoln Park, this is a chance to secure a long-term asset in one of Chicago’s most coveted neighborhoods. Don’t miss out on this rare chance to own a charming four-unit property in the heart of Lincoln Park. Schedule your private tour today and experience the allure and potential of this remarkable investment opportunity.

Property Details

Price:
$1,499,900 / $1,365,000
MLS #:
MRD11813561
Status:
Closed ((Dec 15, 2023))
Beds:
7
Baths:
4
Address:
2118 N SEMINARY Avenue
Type:
Multi Family
Subdivision:
Depaul
City:
Chicago
Listed Date:
Jun 21, 2023
State:
IL
ZIP:
60614
Year Built:
1894

Schools

School District:
299
High School:
Lincoln Park High School

Interior

Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+, Indv Controls

Exterior

Architectural Style
Victorian
Exterior Features
Balcony, Deck, Patio

Financial

Buyer Agent Compensation
2.5% – $495Net Sale Price
Net Operating Income
$80,000
Tax Year
2022
Taxes
$26,491
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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2118 N SEMINARY Avenue
Chicago, IL