2541 Southport AveChicago, IL 60614

For Sale
$2,195,000

Five-unit, gut-renovated building in Chicago.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional five-unit apartment building, located at 2541 N Southport in Chicago's desirable Lincoln Park neighborhood (zip code 60614), presents a compelling investment opportunity. The property boasts a total of 4,550 square feet and is fully stabilized following a complete gut renovation. The building comprises a mix of spacious two and three-bedroom units, catering to a variety of tenant preferences. Each unit is equipped with individual mechanicals, ensuring efficient and independent climate control. Convenient on-site parking is also available for residents, a highly sought-after amenity in this vibrant urban location. The asking price for this turnkey multifamily property is $2,195,000. Situated in Cook County, Illinois, this property benefits from its prime location within Lincoln Park, offering easy access to local amenities, transportation, and the area's renowned parks and recreational opportunities. The building's recent renovation ensures minimal maintenance needs and strong potential for long-term rental income. This is an ideal investment for those seeking a stable, high-return property in a highly desirable Chicago neighborhood.

Highlights

  • Fully stabilized and gut-renovated five-unit building.
  • Mix of spacious two- and three-bedroom units.
  • Each unit features individual HVAC systems.
  • On-site resident parking available.

Property Details for 2541 Southport Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
4,550 SF
Units
5

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9282512
Longitude
-87.6631103
2541 Southport Ave, Chicago, Illinois

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2541 Southport Ave
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