2243 Seminary AveChicago, IL 60614

This stunning, fully renovated 3-unit apartment building in Chicago's Lincoln Park neighborhood presents a compelling investment opportunity. Built in 1891 and extensively renovated in 2021, the property boasts 6,000 square feet on a 3,125 square foot lot and features a four-story structure. The building comprises a lavish duplex-up penthouse (3,000 sq ft, 4 bedrooms, 3.5 bathrooms) rented through May 2025, and two simplex units (each 3 bedrooms, 2 bathrooms). All units are currently 100% occupied, generating a substantial net operating income (NOI) exceeding $200,000 annually, representing a 6.72% cap rate. The asking price is $2,975,000, or approximately $991,667 per unit. High-end finishes throughout include custom millwork, designer lighting, keyless entry, chef's kitchens with high-end appliances (Wolf range, Sub-Zero refrigerator), spa-like bathrooms with marble finishes and heated floors, and custom closet fit-outs. Outdoor amenities include oversized Trex balconies on each level, one with a private hot tub, and a private rooftop deck accessible from the penthouse. A new, all-brick two-car garage with custom cabinets and heated flooring is also included. The property's prime location offers easy access to shopping, restaurants, parks, public transportation (Fullerton/Armitage CTA), DePaul University, and the lakefront. The building is fully fenced and includes a private backyard. This is a rare opportunity to acquire a high-performing, luxury multifamily property in a highly desirable location. All units are currently leased through May 2025.