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3317 North Seminary Avenue

Closed

Lake View

$1,050,000

Whether you’re considering selling or buying a multi-family property, the time is ripe for action.. Buyers can unlock New Opportunities with as low as 5% down (owner occupy) with the changing landscape in the multi-family space as the recent decision by Fannie Mae and Freddie Mac to lower the required down payment for owner-occupant purchases. The down payment requirement has dropped from 15%-25% to an astonishingly low 5% for 2-4 unit properties. This move has opened the doors for new buyers, creating a surge in demand for multi-family units in Chicago. Sellers looking to exit could be in a great position with this increased demand.

Property Type

Bedrooms

9

Bathrooms

7

Half Baths

0

Square Footage

3100

Unit Count

7

Year Built

1890

Neighborhood

Lake View

Multi Family

Property Details

Listing Agent:

Jason Rowland

847.471.7926

Unique multi-family building w/LEGAL coach house in Lakeview. Building will deliver 100% vacant and ready for an armchair investor or value-added buyer to bring the building to peak rental potential. The building faces the Hawthorne Academy turf field providing a year-round park/green space directly out your front door. Walk to Belmont L stop and all Clark/Belmont streets offer. Photos are a smattering of the interior units, please schedule a tour today for a complete view of the property.

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Rowland Group at Compass

2350 N Lincoln Ave, 4th Floor Chicago, IL 60614

Rowland Group is a team of real estate agents affiliated with Compass Real Estate. Compass Real Estate is a licensed real estate broker with a principal office in Chicago, and abides by all applicable equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

©2023 by Rowland Group

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