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33680084
33679931

2439 N Seminary, Chicago, IL 60614

GH
IL IL 475.149185
33 Realty LLC
Listed by 33 Realty LLC
$1,400,000
3 days on market
Updated 3 days ago

2439 N Seminary - 3-Unit Multi-Family in Lincoln Park

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,800
Units 3
Cap Rate 4.30%
NOI $60,191
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 6.51%
Pro-Forma NOI $91,091
Price per SqFt $368
Class A
Year Built 1910
Buildings 1
Lot Size (SqFt) 2,880
Zoning RT-4
Parking Spaces spaces
Investment Type Value Add

Multifamily | 3 Units | Owner-Occupancy Opportunity

Marketing description

33 Realty is pleased to present for lease 2439 N Seminary, a 3-unit apartment investment opportunity located in the Lincoln Park / DePaul University neighborhoods of Chicago.

Constructed in 1910 and zoned RT-4, the property presents a rare opportunity to acquire a masonry apartment building in a premier rental location.

The property features three units: 4 bed / 2 bath 1st floor duplex down, 2 bed / 1 bath 2nd floor simplex, and 2 bed / 1 bath 3rd floor simplex.

All three units are currently lease-occupied by mid to long-term residents on month-to-month lease agreements (or expire 7/31/26) allowing a future operator flexibility to reposition.

Each apartment has gas-forced heat, central air, individual hot water tanks, hardwood floors, separate living and dining areas, classic Chicago fireplaces, millwork, and built-in hutches, pantries, dishwashers, and rear porches.

There is a large common backyard, common laundry, and rear pad parking.

Investment highlights

  • 4 bed / 2 bath 1st floor duplex down
  • 2 bed / 1 bath 2nd floor simplex
  • 2 bed / 1 bath 3rd floor simplex
  • All three units currently lease-occupied by mid to long-term residents on month-to-month lease agreements or 7/31/26 expirations
  • Gas-forced heat, central air, individual hot water tanks
  • Hardwood floors, separate living and dining areas
  • Classic Chicago fireplaces, millwork, and built-in hutches, pantries, dishwashers, and rear porches
  • Large common backyard, common laundry, and rear pad parking
  • Masonry apartment building in a premier rental location
  • Rare opportunity to acquire in Lincoln Park / DePaul University neighborhoods

Listing Contacts

GH
IL IL 475.149185
33 Realty LLC
Listed by 33 Realty LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,191.00
$5,015.92/mo

Valuation Metrics

0
DSCR
4.3%
Cap Rate
4.3%
ROI

Map

Zoning

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RT-4 ResidentialMulti FamilyResidential Two Flat Townhouse And Multi Unit District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Gene Hart
License
IL 475.149185
Brokerage
33 Realty
Brokerage Phone
2194658584
Title
Commercial Sales & Leasing Broker
Brokerage Address
357 West Chicago Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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