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  • $1,420,000

    2444 N Sheffield Ave, Chicago, IL 60614

    6beds
    --sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $1,421,500 Zestimate®
    $--/sqft
    $4,641 Estimated rent

    Home value

    $1,421,500

    $1.29M - $1.56M

    $4,641/mo

    Zestimate® history
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    What's special

    Modern finishesSpacious layoutsPrivate rear outdoor spaceUpdated kitchens and bathsExterior parking
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jason Qiu 312-597-0326,

    Good Hope Properties LLC

    Bought with:

    Jocelyn McGovern, CSC

    RE/MAX Properties Northwest

    Source: MRED as distributed by MLS GRID,MLS#: 12638319MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: Yes, Owned
    Features
    • Patio & porch: Deck, Patio
    • Exterior features: Balcony
    Lot
    • Size: 2,880 Square Feet
    • Dimensions: 24 X 120
    Details
    • Parcel number: 14294220380000
    • Special conditions: List Broker Must Accompany

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1900
    • Major remodel year: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan, Public

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $744,290
    • Annual tax amount: $14,953
    • Date on market: 5/5/2026
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/22/2026Sold$1,420,000-4.7%
    Source: MRED as distributed by MLS GRID #12638319 Report a problem
    5/20/2026Listing removed$1,490,000
    Source: MRED as distributed by MLS GRID #12638319 Report a problem
    5/5/2026Listed for sale$1,490,000+119.1%
    Source: MRED as distributed by MLS GRID #12638319 Report a problem
    12/29/2022Listing removed--
    Source: Zillow Rentals Report a problem
    12/28/2022Price change$4,050-2.4%
    Source: Zillow Rentals Report a problem
    12/12/2022Price change$4,150+0.6%
    Source: Zillow Rentals Report a problem
    12/8/2022Price change$4,125-6.3%
    Source: Zillow Rentals Report a problem
    12/6/2022Price change$4,400+5.4%
    Source: Zillow Rentals Report a problem
    12/5/2022Price change$4,175-4%
    Source: Zillow Rental Network Premium Report a problem
    12/3/2022Price change$4,350-1.1%
    Source: Zillow Rental Network Premium Report a problem
    12/1/2022Price change$4,400-2.2%
    Source: Zillow Rental Network Premium Report a problem
    11/28/2022Price change$4,500+1.7%
    Source: Zillow Rental Network Premium Report a problem
    11/27/2022Price change$4,425-1.1%
    Source: Zillow Rental Network Premium Report a problem
    11/26/2022Price change$4,475-0.6%
    Source: Zillow Rental Network Premium Report a problem
    11/23/2022Listed for rent$4,500
    Source: Zillow Rental Network Premium Report a problem
    7/14/2022Sold$680,000-13.9%
    Source: MRED as distributed by MLS GRID #11385528 Report a problem
    7/11/2022Pending sale$790,000
    Source: MRED as distributed by MLS GRID #11385528 Report a problem
    5/16/2022Contingent$790,000
    Source: MRED as distributed by MLS GRID #11385528 Report a problem
    4/26/2022Listed for sale$790,000
    Source: MRED as distributed by MLS GRID #11385528 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $74,429 +9.5%
    2023$14,347 +2.6%$68,000
    2022$13,986 -19.9%$68,000 -21.7%
    2021$17,469 +32.2%$86,870 +46.4%
    2020$13,216 -0.2%$59,328 -10%
    2019$13,244 -6.4%$65,920 -7.9%
    2018$14,146 +9.4%$71,612 +19.3%
    2017$12,926 +7.5%$60,046
    2016$12,027 +9.3%$60,046
    2015$11,003 -0.5%$60,046 +0.8%
    2014$11,053 +2%$59,575
    2013$10,835 +1.4%$59,575
    2012$10,691 +1.8%$59,575 -8.1%
    2011$10,505 -0.4%$64,828
    2010$10,549 +4.4%$64,828
    2009$10,109 -8.3%$64,828 -15.6%
    2008$11,020 +1%$76,823
    2007$10,911 -1.1%$76,823
    2006$11,029 +15.1%$76,823 +31%
    2005$9,582 +1%$58,639
    2004$9,485 +2.2%$58,639
    2003$9,279 +14.3%$58,639 +29.8%
    2002$8,119 +3.8%$45,188
    2001$7,825 +50.4%$45,188
    2000$5,202 -7.5%$45,188 +55.4%
    1999$5,623 $29,076
    Find assessor info on the county website

    Neighborhood: Lincoln Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,421,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,421,500