2444 N Sheffield Avenue
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.
- Bobby’s Lincoln Park 550 ft
- Prost 650 ft
- Irish Eyes 650 ft
- Broken English 700 ft
- Hop sand Curds 750 ft
- Dog Haus 750 ft
- Exotic Snack Guys 650 ft
- Mobil Mart 850 ft
- 7-Eleven 950 ft
- 7-Eleven 0.4 mi
- The Fresh Market 0.5 mi
- 7-Eleven 0.5 mi
- Jonquil Park 700 ft
- St. Vincent's Circle 900 ft
- DePaul University Quad 0.2 mi
- Supera Park 0.3 mi
- Park West Park 0.3 mi
- Trebes Park 0.4 mi
- Dunkin' 600 ft
- Savor the Flavor 650 ft
- Printer’s Row Coffee 700 ft
- Verzênay Chicago 700 ft
- The Bagelers Coffeehouse 900 ft
- Happy Lemon 0.2 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12638319