2424 Seminary Avenue, Lincoln Park, Chicago, Illinois 60614
$1,200,000
|
Sold
|
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1916 |
| Property Taxes: | $13,398 |
| Days On Market: | 540 |
| Lot Size: | 0,00 |
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. 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.
Property Specifics
| Multi-unit | |
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| 1916 | |
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| No | |
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| Cook | |
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| 12360318 | |
| 14294250180000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Oscar Mayer Elementary School |
299 | — | |
|
Middle School
Oscar Mayer Elementary School |
299 | Not in DB | |
|
High School
Lincoln Park High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 13 Jun, 2025 | Sold | $1,200,000 | MRED MLS |
| 13 May, 2025 | Under contract | $1,279,000 | MRED MLS |
| 8 May, 2025 | Listed for sale | $1,279,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Full Bathrooms: 4
Bathroom Amenities: Accessible Shower
Bathroom in Basement: —
Rooms: —
Other Specifics
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| 20X120 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2025 | $13,398 |
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Listing Provided By
Baird & Warner
