2541 North Southport, Chicago IL 60614
$2,195,000

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Property 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!

Features & Information

Key Details

  • List Price $2,195,000
  • Property Taxes 18,923
  • Price/ Sq. Ft. Unavailable
  • Year Built 1880
  • Status New

Building Information

  • Age of Building Older
  • Exterior Construction Aluminum Siding,Brick,Combination
  • Foundation Brick
  • Heating & Cooling Central Heat/Indiv Controls, Forced Air, Gas

Location

  • County Cook
  • Directions to Property Wrightwood To Southport, South On Southport To 2541 Or Fullerton To Southport, North To 2541
  • Property Taxes

  • Tax 18,923
  • Parcel Identification Number 14293140160000

Listed by Tyler Weekes for Cagan's Realty, Inc. | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 1/20/2025 8:02 PM. 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.

Explore Lincoln Park

Active lakeside park and beach meet upscale boutique shopping and world-class dining in this charming near north side Chicago neighborhood. Over the years Lincoln Park has gained a reputation as one of the city's most desirable communities. Its shady, tree-lined residential streets and stretches of exciting entertainment and nightlife are the ideal union of serenity and fun. The majority of Lincoln Park holds an old-fashioned appeal, reinforced by rows of brown- and graystone walkups and ornate, vintage architecture. DePaul University campus adds to the neighborhood's historic character with beautiful late-19th century buildings, while the population of students interjects a youthful energy into the area. An electric bar and club scene - favored by the younger crowd in Lincoln Park - is buffered by miles of tranquil green space and breathtaking shoreline in the neighborhood's namesake 1,200-acre park. Summertime bursts with activity as people come from all over the city to enjoy the expansive beach, waterfront jogging and biking trails, a jam-packed schedule of street festivals and farmer's markets, and the family favorite - the Lincoln Park Zoo.

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