2848 N Seminary Ave - Apartments FOR SALE


Chicago, IL 60657- Lakeview
$11,250,000 USD
773-592-8366
2848 N Seminary Ave, Chicago, IL for Sale
$11,250,000 USD
Apartments - FOR SALE
1/20
null | 5.86% Cap Rate

2848 N Seminary Ave
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • Ideally Located on the Border of the Lakeview & Lincoln Park Neighborhoods
  • Desirable Unit Mix Featuring 2 Bed/2 Bath Simplexes and 3 & 4 Bed Duplex Apartments
  • Complete Gut-Renovation in 2018 Including New Electric Service, Plumbing, Individual HVAC & More
  • Units Feature Stainless Steel Appliances, Quartz Counters, In-Unit Laundry & Rear Decks
  • Steps from the Diversey, Wellington & Belmont "L" Stations, Along with Multiple Bus Stops
  • Minutes from Lake Michigan, Diversey Harbor & Driving Range, Chicago Cub's Wrigley Field

OVERVIEW

2848 North Seminary Avenue, a distinguished corner building located on the border of two of Chicago’s highly coveted neighborhoods, Lincoln Park & Lakeview, has been engaged to market for sale. The property features a desirable mix of 2-bedroom simplexes and expansive 3- & 4- bedroom duplex apartments. The building underwent a complete gut-renovation completed in 2018 updating the unit layouts to modern, more functional floorplans that tenants desire. This includes new electric service, wiring with in-unit 100 AMP panels, new copper plumbing, individual HVAC, in-unit laundry and new kitchens & bathrooms. The architect-designed apartments boast today’s most desired features: new hardwood floors, stainless steel appliances, quartz counters, kitchen islands in most units, sleek tile backsplash & showers, individual HVAC, in-unit laundry, rear decks and outdoor parking. The ideal unit mix caters to a wide range of renters, ensuring a strong and steady rental market in this high-demand location. Situated just north of Diversey Parkway in the heart of Lakeview, this property offers unparalleled access to transportation. Just steps from the Diversey, Wellington, and Belmont “L” stations, tenants can easily access the CTA Brown, Purple, and Red Lines, while multiple nearby bus stops and Lake Shore Drive provide seamless city connectivity. Residents are just minutes from Lake Michigan, Diversey Harbor and the Driving Range, and one mile from the Chicago Cub's Wrigley Field. Additionally, the property is steps from vibrant boutique shops along Clark Street as well as Sheffield Avenue which offers a wealth of dining, nightlife, and entertainment options.

FOR SALE DETAILS

PRICE

$11,250,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

19

PRICE/UNIT

$592,105

CAP RATE

5.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,187 SF

ZONING

-

APN/PARCEL ID

14-29-223-027-0000

ASK ABOUT THIS PROPERTY

James DarrowEssex Realty Group, LLCMore Info
773-592-8366

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James DarrowEssex Realty Group, LLCMore Info
773-592-8366

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.