2541 Southport AveChicago, IL 60614

Property Details for 2541 Southport Ave

Property size (Sq ft)

4,550 SF

Property type

Apartment buildings

Description

This exceptional five-unit apartment building, located at 2541 N Southport in Chicago's desirable Lincoln Park neighborhood (zip code 60614), presents a compelling investment opportunity. The property boasts a total of 4,550 square feet and is fully stabilized following a complete gut renovation. The building comprises a mix of spacious two and three-bedroom units, catering to a variety of tenant preferences. Each unit is equipped with individual mechanicals, ensuring efficient and independent climate control. Convenient on-site parking is also available for residents, a highly sought-after amenity in this vibrant urban location. The asking price for this turnkey multifamily property is $2,195,000. Situated in Cook County, Illinois, this property benefits from its prime location within Lincoln Park, offering easy access to local amenities, transportation, and the area's renowned parks and recreational opportunities. The building's recent renovation ensures minimal maintenance needs and strong potential for long-term rental income. This is an ideal investment for those seeking a stable, high-return property in a highly desirable Chicago neighborhood.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9282

Longitude

-87.6631

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