2541 N Southport Avenue
Chicago, IL, 60614
$2,195,000
Beds
0 Baths
0 SqFt
0 Acres
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$2,195,000
2541 N Southport Avenue
Chicago, IL, 60614
MLS #MRD12271953 img 0MLS #MRD12271953 img 1MLS #MRD12271953 img 2MLS #MRD12271953 img 3MLS #MRD12271953 img 4MLS #MRD12271953 img 5MLS #MRD12271953 img 6MLS #MRD12271953 img 7MLS #MRD12271953 img 8MLS #MRD12271953 img 9MLS #MRD12271953 img 10MLS #MRD12271953 img 11MLS #MRD12271953 img 12MLS #MRD12271953 img 13MLS #MRD12271953 img 14MLS #MRD12271953 img 15MLS #MRD12271953 img 16MLS #MRD12271953 img 17MLS #MRD12271953 img 18MLS #MRD12271953 img 19
Situated in the highly desirable Lincoln Park neighborhood, this beautifully renovated 5-unit building offers a rare opportunity for investors. Perfectly located along the Southport Corridor, it provides easy access to transportation, world-class dining, and DePaul University. This turnkey property features two front units, two rear units, and a garden unit, all fully updated within the last two years. Renovations include modernized plumbing, upgraded electrical panels and service, along with high-end interior finishes in every unit. Each unit is equipped with separate HVAC systems and individual hot water heaters, with tenants responsible for their own gas and electricity, ensuring efficient and low-maintenance management. The property also includes a spacious 2-car garage in the rear, adding further value. With all units leased through summer 2025, this building generates strong in-place income with significant potential for increased returns in the future. Don’t miss out on this exceptional investment in one of Chicago’s most sought-after neighborhoods!

Property Details

Price:
$2,195,000
MLS #:
MRD12271953
Status:
Active
Beds:
0
Baths:
0
Address:
2541 N Southport Avenue
Type:
Commercial
Neighborhood:
CHI – Lincoln Park
City:
Chicago
Listed Date:
Jan 15, 2025
State:
IL
ZIP:
60614
Year Built:
1880

Schools

Interior

Cooling
Central Air, Central Individual

Exterior

Construction Materials
Brick, Wood Frame

Financial

Net Operating Income
$151,882
Tax Year
2023
Taxes
$18,923
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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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2541 N Southport Avenue
Chicago, IL