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$2,595,000
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Property Description
This impeccably renovated mixed-use, two-tenant commercial/residential building presents a rare opportunity to acquire a premier asset in the heart of south Lincoln Park, just steps from Park West, Lincoln Park Zoo, the lakefront, and the highly desirable Sedgwick and Armitage corridor. This coveted pocket is known for its strong retail fundamentals, affluent demographics, and consistent demand driven by walkability, transit access, and surrounding high- end residential density. The first two levels are occupied by a credit commercial tenant (Baird and Warner) under a corporate-guaranteed lease in place through May 2030, offering long-term, predictable income. The upper levels feature a fully rehabbed three- bedroom, two-bathroom residential duplex spanning the third and fourth floors, providing an additional revenue stream or owner-occupant flexibility. The entire building has been comprehensively remodeled, with high-quality finishes throughout and significant capital improvements, including expansive rear and rooftop decks completed in 2023. Four car parking in the rear enhances leasing appeal and tenant retention. This is a true turnkey investment combining durable cash flow, prime location, and modern infrastructure in one of Chicago's most stable and sought-after submarkets.
Full Property Details
Full Property Details for 1950 N Sedgwick St
General
- Price: $2,595,000
- Taxes: $30 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12525243
- Updated: 2/17/2026
- Added to Site: 9 day(s) ago
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Location
- Area: CHI - Lincoln Park
- County: Cook
- Driving Directions: Armitage, South on Sedgwick to property
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 4
- # of Stores: 4
- Year Built: 1995
Unit Information
- # Tenants: 2
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 2,952
- Lot Dimensions: 24 x 123
Financial Considerations
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1995
- Tax Amount: $30.939
- Tax Year: 2024
Disclosures and Reports
- Property ID: 14333070260000
Listed by Baird & Warner
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Schools
Schools serving 1950 N Sedgwick St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Chicago, IL 615 West Kemper Place, Chicago, IL 60614 | K-8 | 0.5 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1950 N Sedgwick St
Date
Details
Price
Change
Source
2/11/2026
Listed
$2,595,000
733.07%
MLS
12/28/2000
Sold
$311,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1950 N Sedgwick St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$27,218
3%
$129,000
—
2022
$26,533
2%
$129,000
—
2021
$25,941
16%
$129,000
29%
2020
$22,278
-23%
$100,005
-31%
2019
$29,046
2%
$144,572
—
2018
$28,558
22%
$144,572
33%
2017
$23,354
7%
$108,487
—
2016
$21,729
9%
$108,487
—
2015
$19,880
9%
$108,487
11%
2014
$18,161
2%
$97,884
—
2013
$17,803
1%
$97,884
—
2012
$17,565
—
$97,884
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1950 N Sedgwick St
1950 N Sedgwick Street, Chicago, IL 60614 (MLS# 12525243) is a Commercial property. 1950 N Sedgwick Street is currently listed for $2,595,000 and was received on February 11, 2026. Want to learn more about 1950 N Sedgwick Street? Do you have questions about finding other Commercial real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.

