Back 2424 North Seminary Avenue
Off Market

2424 North Seminary Avenue

Chicago IL 60614

8
4
2
Multi-Family
Last sold for $1,200,000
John LyonsJohn Lyons, last sold this property on 13 June 2025 after 41 days on market.

Overview

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.

Features

8 bedrooms
4 bathrooms
2 carspaces
Multi-Family

Estimated Value

We need at least 3 similar 8 bedroom multi families sold in Chicago over the last 12 months.

Property history for 2424 North Seminary Avenue

2025
Sold
$1,200,000
13 Jun 2025 by John Lyons, of Baird & Warner

Happy sellers in Chicago

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We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for 8 bedroom multi families in Chicago

In the last 12 months, 1 eight-bedroom multi family similar to 2424 North Seminary Avenue, have been sold.

This represents a 86% increase in eight-bedroom multi families sales when compared to the previous 12 months.

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