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2444 N Sheffield Avenue Chicago, IL 60614

$1,490,000
Active / MLS# 12638319 / Multi Unit - Multiple / Chicago
6 Beds
6 Baths

Turnkey, fully renovated (2023) two-unit investment property in the heart of Lincoln Park, steps from DePaul University, Jonquil Park, Whole Foods, and the Fullerton CTA Red/Brown Line station. This stabilized asset features two updated 3 bed / 3 bath units with modern finishes, strong tenant appeal, and low near-term capital expenditure requirements. Current rents are $3,700 per unit ($7,400/month total), with pro forma market rents projected at approximately $4,200 per unit ($8,400/month total), offering immediate upside through lease renewals or repositioning. Ideal for investors seeking a high-demand rental location with consistent occupancy and strong rental growth fundamentals. Each unit offers spacious layouts, updated kitchens and baths, in-unit washer/dryer, private rear outdoor space, and exterior parking. The full basement provides additional value-add potential for duplex-down expansion, storage income, or further unit enhancement. Recent capital improvements include a complete gut rehab in 2023 and full roof replacement in 2020, significantly reducing deferred maintenance risk. Situated in one of Chicago's most desirable rental submarkets with proximity to the lakefront, Fullerton Beach, Lincoln Park Zoo, and vibrant retail/dining corridors. Zoned RT-4 on a 24 x 120 lot, this is a rare opportunity to acquire a fully renovated, income-producing asset with both in-place cash flow and clear upside potential.

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Baird & Warner Keith Dutton Email

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Estimated Payment

$ 4,991.78 per month $3,311.11 Principal & Interest $1,246.08 Property Tax $434.58 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Heating: Natural Gas, Forced Air
Lot Size: 24 X 120
Taxes: $14,953
Year Built: 1900

Feature Descriptions

Exterior: Brick
Lot Dimensions: 24 X 120
Parcel#: 14294220380000
Parking: Yes, Owned
Sewer: Public Sewer
Total Rooms: 18
Township: North Chicago
Water: Lake Michigan, Public

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Good Hope Properties LLC

Listing Office Phone: 312-597-0326



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