1950 N Sedgwick St, Chicago, IL

Name: 1950 N Sedgwick St, For Sale in Chicago - Zoocasa
Brand: North Clybourn Group, Inc.
SKU: 12794285
Price: 2595000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,595,000

000

MLS® 12794285

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 4752 sqft

Garage

Taxes $31,978

Days Active 0

Lot Size 2952 SF

Approx. Age 1995

Avg. Price Per Sqft $546

MLS® Number 12794285

Property Address: 1950 N Sedgwick St, Chicago, IL, 60614-5410

Average square foot calculated using Size range provided by listing agent.

Description

Spectacular AAA renovated 4 story mixed-use commercial/residential building offers a turnkey opportunity to acquire a high performance asset on the confluence of Old Town and south Lincoln Park, just steps from Park West, Lincoln Park Zoo, the lakefront, and the dynamic Sedgwick and Armitage corridor. This prime pocket speaks strong fundamentals, affluent demographics, and strong consistent demand. Level 1 and 2 are occupied by a credit commercial tenant (Baird and Warner) under a corporate-guaranteed lease with CAM pass throughs, and annual escalations thru May 2030. Level 3 and 4 offer a 3 bedroom 2 bath bathroom residential penthouse duplex with multiple roof decks, sweeping urban views leased through April 2027. Offers additional revenue or owner-occupant flexibility. The entire building has been comprehensively remodeled, with condo-quality finishes throughout and significant capital improvements, including expansive rear and rooftop decks completed in 2023. Bookended by 4 car parking and RM-5 Zoning, this property supports numerous investment objectives including but not limited to a solid buy hold, 1031 exchange, hybrid user, or future adaptive reuse. Exceptional cash flow, extraordinary location, and diverse opportunity. See brokers private remarks.

MLS® Number12794285

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1995

Basement

Driveway

Garage Spaces

Heat

A/CCentral Air, Zoned

Extras

Map

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