3-Unit Apartment
For Sale
Contact for pricing
2439 N Seminary, Chicago, IL 60614
Three apartments in a masonry building with parking and shared laundry, constructed in 1910.
Property Size3,800 SF
Price / SF$368.42
Days on Market48
Property Features for 2439 N Seminary
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multifamily
Building Details
Year Built
1910
Listing Agency:
33 Realty LLC
(219) 465-8584
Listed By:
Gene Hart · License #IL 475.149185
Source:
Crexi
Added: Jun 16
Changed: Jul 23
Last Checked: Jul 24 at 6:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 33 Realty LLC
Investment Insights
Based on property information with market context.
2439 N Seminary is a 3-unit masonry apartment building constructed in 1910. The property includes a 1st floor duplex down with 4 bedrooms and 2 bathrooms, plus two units on the upper floors, each with 2 bedrooms and 1 bathroom. Interiors feature gas-forced heat, central air, individual hot water tanks, hardwood floors, and separate living and dining areas, along with classic Chicago fireplaces and built-in millwork. Kitchens are equipped with dishwashers, and each unit includes pantry storage and access to rear porches.
The building offers shared amenities including a common backyard and common laundry. It also includes rear pad parking. All three units are currently lease-occupied by mid to long-term residents under month-to-month agreements (or expiring 7/31/26).
The property is zoned RT-4 and provides an asset with a straightforward unit mix and established in-place tenancy.
The building offers shared amenities including a common backyard and common laundry. It also includes rear pad parking. All three units are currently lease-occupied by mid to long-term residents under month-to-month agreements (or expiring 7/31/26).
The property is zoned RT-4 and provides an asset with a straightforward unit mix and established in-place tenancy.
Key Highlights
- 3‑unit masonry apartment building constructed in 1910 in Chicago’s Lincoln Park/DePaul neighborhoods
- Unit mix: 1st‑floor 4BR/2BA duplex down plus two 2nd- and 3rd‑floor 2BR/1BA simplex apartments
- All units are lease‑occupied (month‑to‑month) with leases expiring 7/31/26
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.8k | $25.20 |
| − Vacancy | −$5.3k | −$1.39 |
| EGI | $90.5k | $23.81 |
| − OpEx | −$27.1k | −$7.14 |
| NOI | $63.3k | $16.67 |
3,800 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$904.9K
$791.8K – $1.06M
NOI $63,345 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$832.2K
$728.1K – $970.9K
NOI $58,251 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,418 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,621
Businesses Nearby
Explore this area
Business Placement
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments in a masonry building with parking and shared laundry, constructed in 1910.
Where is this triplex located?
The property is located at 2439 N Seminary Chicago, IL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3‑unit masonry apartment building constructed in 1910 in Chicago’s Lincoln Park/DePaul neighborhoods; Unit mix: 1st‑floor 4BR/2BA duplex down plus two 2nd- and 3rd‑floor 2BR/1BA simplex apartments; All units are lease‑occupied (month‑to‑month) with leases expiring 7/31/26
