Multifamily Housing
3415 North Seminary Avenue Chicago, IL 60657
Details & Description
Price: $1,150,000
    Essex Realty Group, Inc. is exclusively engaged to market for sale 3415 N. Seminary Ave. ("the Property"), a three-flat and two-unit coach house located in the Lakeview neighborhood of Chicago. The Property is ideally situated 0.2 miles south of Wrigley Field, less than 0.3 miles from the Southport and Belmont CTA stations, and steps from a vibrant restaurant and bar scene along Clark Street.The front building is comprised of one (1) 4Bd/2Ba duplex down and two (2) 2Bd/1Ba apartments. The rear coach house consists of one (1) 1Bd/1Ba and one (1) 2Bd/1Ba apartment. Each apartment has hardwood floors, individual furnaces, white or stainless steel appliances, wood cabinetry, and laminate counters, and vintage details. Several of the units have received varying levels of updates throughout the years including newer appliances, updated kitchen cabinetry, and granite counters. Building systems include tenant-paid gas-forced heat, individual hot water tanks, and coin-operated laundry in the building.The Property presents investors with multiple value-add opportunities. There is potential for a new owner to bring rents to market or renovate the building to capture rental upside. 2Bd/1Ba units at the building average $1,468/month, while similar units rent for over $1,850/month. Renovated 2Bd/1Ba units rent for $2,025/month. There is also potential to leverage the recently passed ADU ordinance to add additional dwelling units. In addition, the Property is listed at a price materially below comparable buildings due to the train line that runs along the side of the building.
    Listing Agents
    Dan Shepherd

    O: 773-305-4842
    danshepherd@essexrealtygroup.com
    Doug Imber

    O: 773-305-4902
    dougimber@essexrealtygroup.com
    Kate Varde

    O: 773-305-4908
    katevarde@essexrealtygroup.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    3415 North Seminary Avenue

    Chicago, IL 60657

    Listing ID: 236228
    3415 North Seminary Avenue Chicago, IL 60657 | for Sale | Photo 1
    Building Size: 5,000 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $230.00
    Land $/SF: $230.00
    Price
    $1,150,000
    Description

    Essex Realty Group, Inc. is exclusively engaged to market for sale 3415 N. Seminary Ave. ("the Property"), a three-flat and two-unit coach house located in the Lakeview neighborhood of Chicago. The Property is ideally situated 0.2 miles south of Wrigley Field, less than 0.3 miles from the Southport and Belmont CTA stations, and steps from a vibrant restaurant and bar scene along Clark Street.

    The front building is comprised of one (1) 4Bd/2Ba duplex down and two (2) 2Bd/1Ba apartments. The rear coach house consists of one (1) 1Bd/1Ba and one (1) 2Bd/1Ba apartment. Each apartment has hardwood floors, individual furnaces, white or stainless steel appliances, wood cabinetry, and laminate counters, and vintage details. Several of the units have received varying levels of updates throughout the years including newer appliances, updated kitchen cabinetry, and granite counters. Building systems include tenant-paid gas-forced heat, individual hot water tanks, and coin-operated laundry in the building.

    The Property presents investors with multiple value-add opportunities. There is potential for a new owner to bring rents to market or renovate the building to capture rental upside. 2Bd/1Ba units at the building average $1,468/month, while similar units rent for over $1,850/month. Renovated 2Bd/1Ba units rent for $2,025/month. There is also potential to leverage the recently passed ADU ordinance to add additional dwelling units. In addition, the Property is listed at a price materially below comparable buildings due to the train line that runs along the side of the building.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

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    Listing Demographics for 3415 North Seminary Avenue Chicago, IL 60657

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 3415 North Seminary Avenue in Chicago?
    The asking price for 3415 North Seminary Avenue is $1,150,000
    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at 3415 North Seminary Avenue in Chicago is 5,000 square feet
    What is the population within 1 mile of 3415 North Seminary Avenue in Chicago?
    The population within 1 mile of 3415 North Seminary Avenue Chicago, IL 60657 is 101,289 people.
    Who do I contact for questions about 3415 North Seminary Avenue?
    You should contact the listing agent, Dan Shepherd, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Chicago Midway International Airport (MDW) 12
    Chicago O'Hare International Airport (ORD) 13
    General Mitchell International Airport (MKE) 70
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    $1,150,000
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