$2,195,000
2541 N Southport Avenue
Chicago, IL, 60614
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
Tax Year
2023
Taxes
$18,923
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of Cagan’s Realty, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
2541 N Southport Avenue
Chicago, IL
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