Essex Realty Group, Inc. has been exclusively engaged to market for sale 3115-3121 N. Sheffield Ave., located in Chicago’s vibrant Lakeview neighborhood. The Property is just steps from the CTA Belmont station, which services the Red, Brown, and Purple lines; one half a mile from Wrigley Field; and one mile from Lake Michigan.
The 21-unit building contains 5 one-bedroom/one-bathroom, 10 two-bedroom/one-bathroom, 4 three-bedroom/two-bathroom, 1 four-bedroom/two-bathroom duplex, and 1 five-bedroom/two-bathroom duplex. All but one of the apartments have been updated within the past 10 years and now feature modern kitchens, individual laundry, and HVAC systems. A detailed breakdown of each unit’s condition is included at the end of the OM. A photo file with individual units is available upon request.
During 2024, rental income at the Property grew by 9.1%, with further upside still attainable. The seller also has additional properties for sale. For more information, please contact your Essex Broker.
Lakeview is one of the premier neighborhoods in Chicago, located 6 miles north of the Loop and bordering Lake Michigan. Its proximity to the city’s central business district, combined with convenient access to public transportation, has led to substantial residential and retail growth, which has been the driving force behind the transformation of the neighborhood into one of the foremost places to live in Chicago. Home to the Chicago Cubs and Wrigley Field, the country’s second oldest ballpark, the neighborhood is filled with restaurants, boutiques, and small businesses.
- Premier Lakeview Location; Corner Lot
- Vintage 21-Unit Apartment Building
- Unit Mix: (5) 1Bd/1Ba, (10) 2Bd/1Ba, (4) 3Bd/2Ba, (1) 4Bd/2Ba, (1) 5Bd/2Ba
- Updated Kitchens, Baths, In-Unit Laundry, and HVAC Systems