Backup offers
$10,000 Closing Credit¹
#12299391, Roman Patzner, Listing Office: Fulton Grace Realty
$1,399,000 List price
2424 N Seminary Ave Chicago, IL 60614
$10,000
Closing credit¹
8 beds
4 baths
House
Property details
About 2424 N Seminary Ave
Prime Lincoln Park 4-Unit Investment Near DePaul. Presenting an exceptional investment opportunity in the heart of Lincoln Park. This classic all-brick 4-unit building, zoned RT-4, offers the ideal combination of location, long-term value, and flexibility for both investors and owner-occupants. Located near DePaul University, the property enjoys strong rental demand and convenient access to public transit, shops, restaurants, and downtown Chicago. Each unit features two spacious bedrooms and one full bathroom with well-designed layouts and individual HVAC systems, offering tenants comfort and control year-round. The second-floor unit has been recently renovated and is currently vacant, featuring newly refinished hardwood floors, updated windows and appliances, and fresh paint throughout. The projected rent for this unit is $2,000 per month, bringing the estimated annual gross rental income to approximately $70,800. The garden unit is leased at $1,350 per month through January 2026. The first and third floor units are both on month-to-month leases at $1,100 and $1,450 per month, respectively. The building has a 10-year-old roof and two rear parking spots that can be converted to four spaces if parked tandem. Appliances and mechanical systems vary by unit. Showings begin May 2, 2025, and access to the other units will require at least 48 hours' notice. Whether you're looking to expand your portfolio or secure a property in one of Chicago's most sought-after neighborhoods, this is a rare chance to own a well-located, income-generating asset with RT-4 zoning and individual HVAC in Lincoln Park. Schedule your private showing today.
Highlights
Home typeResidential
HeatingNatural Gas
StatusActive
(New)
(New)
BasementYes
Year built1916
ParkingUnassigned, On Site, Owned
MLS #12265267
Summary
- Basement: Yes
- Total Bedroom Count: 8
- Parking: Unassigned, On Site, Owned
- Heating: Natural Gas
- List Price: $1,399,000
- Annual Tax Amount: $16,073
- Tax Year: 2022
- Directions: RACINE TO MONTANA EAST TO SW CORNER OF MONTANA/SEMINARY
- Year Built: 1916
- MLS Number: 12265267
- MLS Name: MRED
- Office Name: Baird & Warner
- Office Phone: (773) 697-5555
- Listing Agent: John Lyons
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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$1,399,000
2424 N Seminary Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $78,146 | $16,073 |
| 2020 | $64,570 | $14,384 |
| 2019 | $71,745 | $14,414 |
| 2018 | $79,516 | $15,707 |
| 2017 | $63,131 | $13,590 |
History based on county public records data.
Nearby schools
9
Skinner Elementary School
Public District PK-5
1.4 mi
•111 S Throop St
3
Hope Learning Academy
Public District KG-5
3.0 mi
•1628 W Washington Blvd
4
Henry Elementary School
Public District PK-6
3.8 mi
•4250 N Saint Louis Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $155,000. Typical income of Chicago, IL residents is $200k+ annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
18%
<35k
17%
35k-100k
22%
100k-200k
43%
200k+
What level of education do the neighbors have?
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
62%
Single, No Kids
3%
Single, with Kids
18%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
3%
12-17 yrs old
52%
18-34 yrs old
29%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Live Theatre
Music Concerts
Where do the neighbors shop?
Bloomingdales
H&M
Crate & Barrel
Where do the neighbors go to eat?
Starbucks
Boston Market
Chipotle
What do the neighbors drive?
Audi
Mercedes
Volkswagen
What do the neighbors listen to?
Alternative
News- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2424 N Seminary Ave
The listing price of 2424 N Seminary Ave property is $1,399,000.
The property 2424 N Seminary Ave is a house located in Chicago, Illinois, 60614.
Active Listing: 2424 N Seminary Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2424 N Seminary Ave are: Skinner Elementary School (GreatSchools Rating 9/10), Hope Learning Academy (GreatSchools Rating 3/10), Henry Elementary School (GreatSchools Rating 4/10), Mayer Elementary School (GreatSchools Rating 9/10), Agassiz Elementary School (GreatSchools Rating 7/10), Alcott Elementary School (GreatSchools Rating 9/10), Lincoln Park High School (GreatSchools Rating 9/10), Alcott College Preparatory (GreatSchools Rating 4/10), Noble St Charter-the Noble Academy (GreatSchools Rating 4/10).
According to the records, the last property tax for 2022 is $16,073 (source: MLS/based on county public records data).
The property at 2424 N Seminary Ave has 8 bedrooms and 4 bathrooms.
The year of construction for 2424 N Seminary Ave is 1916.
This home is located at 2424 N Seminary Ave in Chicago, IL and zip code 60614 in the Lincoln Park neighborhood. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $1,399,000.
In April 2025, from all listings sold in Chicago, IL there were more than 901 sold above asking price, over 879 sold below and more than 351 were sold right at the asked price. Between March and April 2025, Chicago, IL real estate market has seen increase in the number of listings by 19.8%. While the average time on the market in April 2025 was 31 days, the median list price was $374,309.
From Rocket Homes Real Estate and based on county public records data.