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2444 N Sheffield Avenue, Chicago, IL 60614

$1,490,000
  • 2444 N Sheffield Avenue, Chicago, IL 60614 Main Photo

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Active
BEDS6 BATHS6 full MLS#12638319
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

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.

2444 N Sheffield Avenue | MLS# 12638319

This multi-family property located at 2444 N Sheffield Avenue, Chicago, IL 60614 is currently listed for sale with an asking price of $1,490,000. N Sheffield Avenue is located within the District 299 school district. Search Chicago real estate on www.bhhscrosby.com today.

Property Features

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

Local Schools

School District: District 299

Listed By / Shown By

Listed By

Agency Name: Good Hope Properties LLC
Agency Phone: 312-597-0326

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Estimated Payment

$ 4,996.76 per month $3,316.09 Principal & Interest $1,246.08 Property Tax $434.58 Homeowner's Insurance

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