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2541 N Southport Avenue, Chicago, IL 60614
2541 N Southport Avenue, Chicago, IL 60614
  • $2,195,000

Overview

Property ID: 12271953
  • Commercial Sale
  • Property Type
  • 1880
  • Year Built

Description

Situated in the highly desirable Lincoln Park neighborhood, this beautifully renovated 5-unit building offers a rare opportunity for investors. Perfectly located along the Southport Corridor, it provides easy access to transportation, world-class dining, and DePaul University. This turnkey property features two front units, two rear units, and a garden unit, all fully updated within the last two years. Renovations include modernized plumbing, upgraded electrical panels and service, along with high-end interior finishes in every unit. Each unit is equipped with separate HVAC systems and individual hot water heaters, with tenants responsible for their own gas and electricity, ensuring efficient and low-maintenance management. The property also includes a spacious 2-car garage in the rear, adding further value. With all units leased through summer 2025, this building generates strong in-place income with significant potential for increased returns in the future. Don’t miss out on this exceptional investment in one of Chicago’s most sought-after neighborhoods!

  • Address 2541 N Southport Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60614
  • Area CHI - Lincoln Park

Details

Updated on January 16, 2025 at 5:36 am
  • Property ID: 12271953
  • Price: $2,195,000
  • Garage Size: x x
  • Year Built: 1880
  • Property Type: Commercial Sale
  • Property Status: Active

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