Active · For Sale · Multi Family 5+

2540 W Winnemac Avenue, Chicago, IL 60625

MLS #12793131

2540 W Winnemac Avenue, Chicago, IL 60625
2540 W Winnemac Avenue, Chicago, IL 60625CRER
2540 W Winnemac Avenue, Chicago, IL 60625

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2540 W Winnemac Avenue, Chicago, IL 60625

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The property

Executive summary

Rarely available 7 unit Lincoln Square multi family investment opportunity. Complete gut rehab with upscale & contemporary condo quality finishes. Turn key. 6 simplex units: two bed/two bath & 1 duplex down unit: three bed/three. Each unit has a spacious living room & bright sun room, gourmet chef's kitchen with 42" custom cabinetry, primary suite with dual vanity bath, central air, in unit washer/dryer, recessed lighting, hardwood floors. 8 parking spaces. Long term tenants, below market rents with potential for future growth. Steps to Lincoln Avenue & the heart of Lincoln Square. Quick access to bus & brown line. This neighborhood continues to see high end growth & development with new construction all around & primarily single family home density resulting in limited supply of rental property.

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Property Intelligence

Financial Snapshot

Reported Annual Income
$197,400
Reported Annual Expenses
$31,303
Estimated NOI
$166,097
Estimated Cap Rate
5.93%
Estimated GRM
14.18
Annual Taxes
$18,958 (2025)

Property Details

Units
7
Lot Dimensions
50 x 156
Stories
3
Year Built
1924
Building Age
New Rehab
Construction
Brick
Parcel Number
13124060220000

Operations & Utilities

Heating
Central Heat/Indiv Controls, Forced Air, Gas
Cooling
Central Air
Tenant Pays
Electricity, Heat
Electric
Circuit Breakers

Location & Use

County
Cook
Market Area
Chicago - Lincoln Square
Present Use
Multi-Family
Potential Use
Condominium, Multi-Family

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.