Essex Realty Group, Inc. is proud to exclusively market for sale 2137 N. Sheffield Avenue. The Subject Property is a four (4) unit, walk-up located in the heart of Chicago’s Lincoln Park Neighborhood. The building is comprised of one (1) 2Bd/1Ba unit, one (1) 2Bd/2Ba unit, one (1) 3Bd/1Ba unit, and one (1) 4Bd/1Ba unit, ranging in size from approximately 800 to 1,000 square feet. In addition, there is a two car garage.
All the units feature central HVAC, as well as in-unit washer & dryer. Although the finishes vary among units, each one has been well maintained. As the enclosed rental survey indicates, current apartment rents are below market and a new owner could materially increase rents with cosmetic improvements. For example, the 2Bd/2Ba unit rents for $1,995/mo. Nearby, competing apartments achieve more than $2,400/mo. for updated units.
2137 N. Sheffield Avenue is well located just two blocks from the CTA Armitage Brown Line Station that provides direct access to Chicago’s downtown. In addition, public transportation is easily accessible via bus routes along Armitage Avenue and Halsted Street.
Less than a mile to the east is Lincoln Park, the largest park in Chicago which offers attractions such as the Lincoln Park Zoo, the Peggy Norbert Nature Museum, and the Lincoln Park Conservatory. Likewise, DePaul University, located one half mile to the north is home to more than 25,000 students. Many DePaul students seek rental housing in the immediate vicinity, further driving demand in this extremely sought after location.