2422 N Seminary Ave, Chicago, IL 60614

Beds
4
Baths
5
Garage
Yes

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Listed byjohn greene, Realtor
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Overview

Exceptional investment opportunity in the heart of Lincoln Park. Just steps from DePaul University, Fullerton CTA Red/Brown Line, and some of the most desirable shopping and dining this location provides the perfect recipe to maximize city living. This well-maintained three-unit property offers outstanding flexibility for investors, owner-occupants, or buyers seeking a future single-family conversion. Currently generating $6,400 per month in rental income with rents significantly below market, the property presents immediate upside potential and long-term value appreciation. The versatile layout accommodates a variety of ownership strategies, including a pure investment hold, owner-occupancy with supplemental rental income, or a customized single-family residence conversion. Unit 3 is a unique two-story residence featuring a dramatic vaulted family room, expansive east-facing windows, front and rear staircases, original fireplace, and beautiful vintage trim details. With two bedrooms, two-and-a-half baths, in-unit laundry, two private decks, and a loft space, it presents an exceptional owner-occupant opportunity. Unit 2 has the same vintage charm with the conveniences of in unit laundry, office space and private deck. The recently renovated garden unit offers a fresh, contemporary aesthetic designed to maximize functionality and efficiency. Thoughtfully updated throughout, the space delivers clean finishes, modern appeal, and turnkey condition for tenants or owner occupancy. Additional features include a two-car garage, private fenced yard, and an unbeatable Lincoln Park location near DePaul's campus, public transportation, parks, and neighborhood conveniences. Whether you're seeking strong income potential, benefits of owner-occupied rental income, or a future redevelopment project, 2422 N Seminary offers a rare combination of location, flexibility, and upside in one of Chicago's most sought-after neighborhoods.

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
4
Number of bathrooms
5
Year built
1880

Interior features

Laundry
In Unit

Garage and parking

Garage parking spaces
2

Utilities

Heating
Natural Gas
Sewer
Public Sewer
Water
Other

Taxes

Tax Annual Amount (2023)
$22,321

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12686705 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.