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$ 2,975,000
Est. payment /mo
Active Under Contract
2243 N Seminary Avenue Chicago, IL 60614
10 Beds
UPDATED:
12/03/2024 02:06 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 11987102
Style Greystone
Bedrooms 10
Year Built 1891
Annual Tax Amount $29,604
Tax Year 2022
Lot Dimensions 24X124
Property Description
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.
Location
State IL
County Cook
Community Curbs, Gated, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Exterior Feature Balcony, Deck, Roof Deck, Stamped Concrete Patio, Storms/Screens
Parking Features Detached
Garage Spaces 2.0
View Y/N true
Roof Type Rubber
Building
Lot Description Fenced Yard
Sewer Public Sewer
Water Lake Michigan
New Construction false
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
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tim Stassi • Dwell One Realty