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3415 N Seminary Ave
Chicago, IL 60657

Multifamily Property For Sale · 5 Units

INVESTMENT HIGHLIGHTS

  • 100% occupied three-flat and two-unit coach house in highly desirable Lakeview location
  • Current 2Bd/1Ba rents avg. $1,468/month; Comparable, nearby 2Bd rents avg. $1,850/month; Renovated 2Bds avg. $2025/month
  • 0.2 miles south of Wrigley Field and 0.3 miles from the Southport and Belmont CTA stations
  • Substantial as-is rental upside and multiple value-add opportunities
  • Market GRM & Cap Rate: 10.39 & 5.75% / Renovated GRM & Cap Rate: 10.08 & 6.38%
  • Steps from the vibrant Lakeview restaurant and bar scene along Clark Street

PROPERTY FACTS

No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.07 AC
Building Size 4,840 SF
Average Occupancy 100%
No. Stories 4
Year Built 1884
Parking Ratio 0.41/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 3 $1,468 -
1+1 1 $1,062 -
4+2 1 $2,350 -

PROPERTY TAXES

ZONING

Zoning Code R
  • Listing ID: 23403799

  • Date on Market: 6/15/2021

  • Last Updated:

  • Address: 3415 N Seminary Ave, Chicago, IL 60657