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$1,420,000
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Property Description
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.
Full Property Details
Full Property Details for 2444 N Sheffield Ave
General
- Sold For: $1,420,000
- Taxes: $14,953 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12638319
- Added to Site: 52 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: Balcony
Parking
- Total Spaces: 2
- Parking Features: Yes, Owned
Location
- Area: CHI - Lincoln Park
- County: Cook
- Driving Directions: East on Fullerton and North on Sheffield to property
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Year Built: 1900
- Built Before 1978: Yes
- Remodeled/Updated: 2023
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 24 x 120
Financial Considerations
- Assessment Year: 1900
- Tax Amount: $14,953.37
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 14294220380000
Listed by Good Hope Properties LLC
Sold by RE/MAX Properties Northwest
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Schools
Schools serving 2444 N Sheffield Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mayer Elementary School 2250 North Clifton Avenue, Chicago, IL 60614 | PK-8 | 0.3 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2444 N Sheffield Ave
Date
Details
Price
Change
Source
6/22/2026
Sold
$1,420,000
-4.7%
MLS
5/04/2026
Listed
$1,490,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2444 N Sheffield Avenue, Chicago, IL 60614 (MLS# 12638319) is a Multi-Family property that was sold at $1,420,000 on June 22, 2026. Want to learn more about 2444 N Sheffield Avenue? Do you have questions about finding other Multi-Family 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.

