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



28 more




























Presented By: Good Hope Properties LLC
Home Details
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.
Presented By: Good Hope Properties LLC
Interior Features for 2444 N Sheffield Avenue
Bedrooms
Bedrooms Possible6
Total Bedrooms6
Bathrooms
Full Baths Building6
Half Baths Building
Total Baths6
Other Interior Features
BasementUnfinished, Full
Total Number of Units2
General for 2444 N Sheffield Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyCook
DirectionsEast on Fullerton and North on Sheffield to property
Elementary School District299
HeatingNatural Gas, Forced Air
High School District299
MLS AreaCHI - Lincoln Park
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount14953.37
Tax Year2024
Total Rooms18
TownshipNorth Chicago
Year Built1900
Exterior for 2444 N Sheffield Avenue
BuyerOfficeFax(847) 692-6357
Exterior AmenitiesBalcony
Lot Dimensions24 X 120
Parking FeaturesYes, Owned
Total Parking2
Water SourceLake Michigan, Public
Waterfront Y/NNo
Additional Details
Price History

SQFT • 2,300