NEW! Buy and sell safely with virtual options - Learn More
About the Listing 28938 - 260486,256157
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.
Listing Highlights
Status
Pending
Days on Site
26
Property Type
Multi-Family
MLS ®
12638319
Year Built
1900
Total Square Footage
0
Lot/Acreage
24 X 120
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Lake Michigan,Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 24 X 120
- Roof:
- Others: Balcony
- Sewer: Public Sewer
- Parking Features: Yes,Owned
Financial Details
- Tax Amount: $14,953
- Taxes w/Assessments: N/A
- Tax/Property ID: 14294220380000
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2444 N Sheffield Ave Chicago, IL 60614
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
