20
See all 20 photos
$2,195,000
Est. payment /mo
Active
2541 N Southport AVE Chicago, IL 60614
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
01/21/2025 06:07 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12271953
Maintenance Fees $4,500
Year Built 1880
Annual Tax Amount $18,923
Tax Year 2023
Lot Dimensions 25 X 124
Property Description
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!
Location
State IL
County Cook
Area Chi - Lincoln Park
Zoning MULTI
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
Utilities Available Water-Municipal
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick,Wood Frame
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tyler Weekes • Cagan's Realty, Inc.