Property profile

2541 Southport Ave Chicago, IL 60614

OFF-MARKET
Apartment buildings
Property ID
US28-0814387
4,550 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Total area 4,550 SF
UPID US28-0814387

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2541 Southport Ave Chicago, IL 60614
Chicago metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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