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Marcia Shanin

[email protected] +1(847) 217-7111

$ 1,599,900

Est. payment -/mo

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Open Sat 10AM-12PM

3208 N Seminary AVE Chicago, IL 60657

9 Beds

4 Baths

Open House

Sat Sep 19, 10:00am - 12:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12758652

Bedrooms 9

Maintenance Fees $2,000

Year Built 1888

Annual Tax Amount $17,234

Tax Year 2025

Lot Dimensions 3100

Property Sub-Type Two to Four Units

Property Description

Introducing 3208 North Seminary tucked into the heart of Lakeview, just a block from the Belmont CTA and a short walk from Wrigley Field and the energy of Clark Street, this four-unit building with a two-car garage sits where renters want to live. It has had the same owner since 2002 and it shows. Every unit has been fully renovated in the last ten years with hardwood floors, granite countertops and porcelain-tiled baths, and the updates have kept coming, including new windows, LED lighting, electronic entry locks, and new furnaces, A/C units and appliances in 2024. Two 3-bedroom units, a renovated 2-bedroom duplex and a garden 1-bedroom each have their own heating, cooling and hot water, which keeps the owner's costs low. The building is fully leased through June 2027 and brings in $139,674 a year against just $24,547 in expenses, for a 6.57 cap rate at $1,600,000. Rents are still below market, with about $11,400 a year in upside, and the building has stayed full anyway. That gives an investor steady income today and a clear path to more as the leases come up.

Location

State IL

County Cook

Area Chi - Lake View

Rooms

Basement None

Interior

Heating Other

Fireplace N

Exterior

Garage Spaces 2.0

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Other, No

Sewer Other

Water Other

Structure Type Other

New Construction false

Schools

Elementary Schools Nettelhorst Elementary School

Middle Schools Nettelhorst Elementary School

High Schools Lake View High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Jack Doyle of Essex 312, LLC

NEARBY SCHOOLS & PROPERTIES

Marcia Shanin

+1(847) 217-7111

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