2541 N Southport Ave
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2541 N Southport Ave
5 Unit Apartment Building $2,195,000 ($439,000/Unit) 6.75% Cap Rate Chicago, IL 60614
Investment Highlights
- Fully Stabilized and Gut Renovated
- Individual Mechanicals
- Mix of Two and Three Bedroom Units
- On-Site Parking
Executive Summary
Kiser Group is pleased to offer 2541 N Southport for sale as an exclusive listing. The property provides an investor the
opportunity to walk into a cash-flowing and modernized asset located on one of the most desirable streets in Lincoln Park.
opportunity to walk into a cash-flowing and modernized asset located on one of the most desirable streets in Lincoln Park.
Property Facts
| Price | $2,195,000 | Building Class | C |
| Price Per Unit | $439,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,550 SF |
| Cap Rate | 6.75% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1876/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.44/1,000 SF |
| Price | $2,195,000 |
| Price Per Unit | $439,000 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,550 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1876/2023 |
| Parking Ratio | 0.44/1,000 SF |
Unit Amenities
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
| 3+2 | 1 | - | - |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 14-29-314-016-0000 | Improvements Assessment | $45,500 |
| Land Assessment | $46,500 | Total Assessment | $92,000 |
PROPERTY TAXES
Parcel Number
14-29-314-016-0000
Land Assessment
$46,500
Improvements Assessment
$45,500
Total Assessment
$92,000
zoning
| Zoning Code | RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District.) |
| RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District.) |
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Andy Friedman -
Jake Parker -
Kiser Group
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2541 N Southport Ave
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