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2243 North Seminary

Investment Analysis Presented by MJS Holdings


MJS HOLDINGS, INC Providing quality multi-family investment opportunities in the Lincoln Park Neighborhood


About 2243 N. Seminary Building: 3.5 Story Greystone, 3 units (2 3 bed/2 bath, 1 3 bed/1 bath) Year Built: 1891 Neighborhood: Lincoln Park Location: Beautiful tree-lined street, very desirable Nearby: DePaul University (1/2 block away), Whole Foods Market, shopping along Clybourn, Halsted dining and nightlife Transportation: 6 minute walk to Fullerton Red/Brown/ Purple Line


Real Estate Needs - Lincoln Park

We have found that there is a real need for buyers looking for a beautiful and big owner’s unit with rental income to subsidize their mortgage costs. This market has been virtually untapped of turnkey multi-family, but we have found a few comparables of that have sold quickly when the quality, condition, square footage, and location are desirable.


Recent Comps


Renovation Plan MJS Holdings proposes to gut renovate the building and build out the following units: - Owners’ 4 bedroom/3 bathroom duplex up - 2 3 bedroom/2 bathroom simplexes Floor plans will be modernized to fit today’s buyer/renter needs by incorporating high-end finishes in the owner’s unit and condo quailty in the simplexes. Below is a brief description of the scope of work: - new electric - new plumbing - new HVAC - new kitchens - new baths - new hardwood floors - new laundry in-unit

- new windows - new roof - new water service - new garage with roofdeck - new porches - new drain tile - new pumps


Cost Breakdown


Floorplan

UP

Deck 10’ 6” x 9’ 7” DN

Bedroom 1 12’ 10” x 8’ 0”

Rad

REF

Kitchen 12’ 4” x 10’ 3” B.I.

Rad

B.I.

Bedroom 2 11’ 4” x 8’ 0”

B.I.

Rad

Dining Room 14’ 5” x 13’ 0”

Rad

Bedroom 3 11’ 1” x 8’ 0”

DN

Foyer 10’ 3” x 7’ 2” Rad UP

Den 10’ 0” x 8’ 0”

Living Room 17’ 3” x 10’ 3”

FP

Rad

N

2243 N. Seminary – Chicago, IL 60614 All dimensions are approximate. This plan is for marketing purposes only.


Additional Considerations

2243 Seminary  
2243 Seminary  
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