2444 N Sheffield Avenue
Chicago, IL, 60614
$1,490,000
6 Beds
6 Baths
0 SqFt
0 Acres
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MLS #MRD12638319 image #0
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.

Property Details

Price:
$1,490,000
MLS #:
MRD12638319
Status:
Active Under Contract
Beds:
6
Baths:
6
Type:
Multi Family
Neighborhood:
chilincolnpark
Listed Date:
May 4, 2026
Year Built:
1900
Chi – Lincoln ParkChilincolnpark

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Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick
Exterior Features
Balcony
Parking Features
Yes, Owned
Parking Spots
2
Parking Total
2
Patio And Porch Features
Deck, Patio

Financial

Tax Year
2024
Taxes
$14,953

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 13, 2026
1,398
Multi Family Listed
79
Avg DOM
$529,071
Avg List Price

Property Summary

    2444 N Sheffield Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60614. It is listed for $1,490,000

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