2848 N Seminary Ave 19 Unit Apartment Building $11,250,000 ($592,105/Unit) 5.86% Cap Rate Chicago, IL 60657

2848 North Seminary Avenue, a distinguished corner building located on the border of two of Chicago’s highly coveted neighborhoods, Lincoln Park & Lakeview, has been engaged to market for sale. The property features a desirable mix of 2-bedroom simplexes and expansive 3- & 4- bedroom duplex apartments.
The building underwent a complete gut-renovation completed in 2018 updating the unit layouts to modern, more functional floorplans that tenants desire. This includes new electric service, wiring with in-unit 100 AMP panels, new copper plumbing, individual HVAC, in-unit laundry and new kitchens & bathrooms.
The architect-designed apartments boast today’s most desired features: new hardwood floors, stainless steel appliances, quartz counters, kitchen islands in most units, sleek tile backsplash & showers, individual HVAC, in-unit laundry, rear decks and outdoor parking. The ideal unit mix caters to a wide range of renters, ensuring a strong and steady rental market in this high-demand location.
Situated just north of Diversey Parkway in the heart of Lakeview, this property offers unparalleled access to transportation. Just steps from the Diversey, Wellington, and Belmont “L” stations, tenants can easily access the CTA Brown, Purple, and Red Lines, while multiple nearby bus stops and Lake Shore Drive provide seamless city connectivity. Residents are just minutes from Lake Michigan, Diversey Harbor and the Driving Range, and one mile from the Chicago Cub's Wrigley Field. Additionally, the property is steps from vibrant boutique shops along Clark Street as well as Sheffield Avenue which offers a wealth of dining, nightlife, and entertainment options.