$ 2,925,000 $ 2,975,000 1.7%

2243 N Seminary AVE

Chicago, IL 60614

  • 10 Beds
  • 8 Baths
  • 1891 Year Built
Investors Dream!! Welcome to Lincoln Park's most premier 3-unit Greystone. This expansive, newly rehabbed building is comprised of a lavish duplex-up penthouse and two simplex units and is producing $19,465 per month income! With a gross annual income of $233K and a net operating income exceeding $198K, the Cap Rate is 6%! The top floor penthouse ($12,000/mo) is a 4BD/3.5BA duplex-up and is rented through May 2025, Unit 1 ($4465/mo) is a 3BD/2BA simplex and Unit G ($3000/mo) is a 3BD/2BA simplex. The penthouse suite is a spacious 3000sf offering unrivaled luxury with an open floor plan, wide plank hardwood floors, custom millwork, designer lighting, keyless code entry locks, a chef's kitchen with a 12-foot Quartzite Island and matching counters and backsplash, high-end appliances including a Wolf range and Subzero refrigerator, soft close drawers and under-mount LED lighting. The primary suite features a spa-like bath adorned with marble finishes, a dual vanity sink, heated floors, a separate soaking tub, and a marble walk-in shower. Each room has been updated with new custom closet fit-outs and window treatments. Outdoor spaces include Trex oversized balconies on every level, one with a private hot tub, and private garage rooftop deck accessible via a catwalk from the living room balcony. Unit 1 features hardwood floors, a spacious open layout, and gourmet kitchen complete with a large island, sleek quartz countertops, custom cabinetry, and modern stainless-steel appliances. Further highlights include designer lighting, cozy heated bathroom floors, custom closets, an expansive rear terrace, a convenient in-unit washer and dryer, and secure private access with keyless code-activated door locks. The garden unit has stainless-steel appliances, accentuated by white cabinets and under-cabinet LED lighting. An expansive breakfast island doubles as additional storage space, beautifully complemented by stylish quartz countertops and a matching tile backsplash. New wide plank, white-washed LVT flooring stretches throughout the unit. Both spa-inspired bathrooms have been redesigned to feature temperature-regulated heated floors, chic marble vanity sinks, high-end fixtures, a bathtub, and a walk-in shower elegantly lined with subway tile. Smart features include a Nest thermostat, an on-demand hot water system, solar window treatments. Additional features include an in-unit front-loading washer and dryer and secure private access with keyless code-activated door locks. The building is fully fenced and provides a private outdoor backyard, ensuring a sense of seclusion amid city living, and a new all-brick 2-car garage with custom cabinets, flooring and heated for added convenience and comfort. Situated just steps away from high-end shopping, boutique shops, renowned restaurants, picturesque parks, and the vibrant Fullerton/Armitage CTA, this location offers the best of urban living at your doorstep. Additionally, the proximity to DePaul University and the captivating lakefront add to the allure of this remarkable residence.
Listed by Tim Stassi of Dwell One Realty , Sold By Katie Hutchens of Jameson Sotheby's Intl Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $2,925,000

    Property Type Multi-Family

    Sub Type Two to Four Units

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID 11987102

    Sold Date 01/02/25

    Style Greystone

    Bedrooms 10

    Year Built 1891

    Annual Tax Amount $29,604

    Tax Year 2022

    Lot Dimensions 24X124

    Property Sub-Type Two to Four Units

  • Location

    State IL

    County Cook

    Area Chi - Lincoln Park

    Zoning MULTI

  • Rooms

    Basement Finished, Exterior Entry, Full

  • Building

    Building Description Brick,Stone,Limestone, No

    Sewer Public Sewer

    Water Lake Michigan

    Structure Type Brick,Stone,Limestone

    New Construction false

  • Interior

    Heating Natural Gas, Forced Air

    Equipment CO Detectors, Sump Pump

    Fireplace N

    Appliance Humidifier

  • Exterior

    Exterior Feature Balcony, Roof Deck

    Garage Spaces 2.0

    Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

    Roof Type Rubber

  • Schools

    Elementary Schools Oscar Mayer Elementary School

    High Schools Lincoln Park High School

    School District 299 , 299, 299

  • Others

    Ownership Fee Simple

    Special Listing Condition None

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