58
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$2,895,000
Est. payment /mo
New
1921 N Sedgwick Street Chicago, IL 60614
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12353985
Year Built 1894
Annual Tax Amount $33,311
Tax Year 2023
Lot Dimensions 4790
Property Sub-Type Multi Family 5+
Property Description
Introducing 1921 N Sedgwick Avenue - a rare, income-producing property with substantial value-add and development upside in one of Chicago's most sought-after neighborhoods. Situated at the crossroads of Lincoln Park and the Old Town Triangle, this meticulously maintained six-unit building offers a compelling combination of strong in-place cash flow and long-term appreciation potential. This location is steps away from North Avenue Beach, Lincoln Park, Lincoln Park Zoo, and Lincoln Park Conservatory as well as boutique shopping and restaurants. Each of the six units features updated bathrooms, with five boasting fully renovated kitchens equipped with quartz countertops, stainless steel appliances, and open-concept layouts. Additional high-end finishes include hardwood floors, solid core doors, and central air conditioning. The three rear units benefit from expansive private decks, offering highly desirable outdoor living space. Zoned RM-5 and sitting on an oversized 4,790 SF lot, the property also presents a unique development opportunity with the potential to construct an additional structure at the rear of the site - an offering seldom available in this premier location. With current strong rental income and the potential to unlock significant future value through development, 1921 N Sedgwick represents a generational investment opportunity in one of Chicago's most established and desirable neighborhoods.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Steven Kehoe • Compass