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Multifamily

1713 N Sheffield Ave

1713 N Sheffield Ave, Chicago, IL 60614

Listing Price: $4,200,000

Cap Rate
5.12%
Number of Units
6
Price/Unit
$700,000
Price/Gross SF
$362.07
Gross SF
11,600

Investment Overview

Marcus & Millichap is pleased to present 1713 North Sheffield Avenue, located in the Lincoln Park neighborhood of Chicago, Illinois. The subject property is composed of six high-end apartment units featuring granite countertops, stainless steel appliances, and in-unit laundry. The building is newer construction and consists of six heated garage parking spaces and multiple rooftop decks with skyline views. The property features security amenities including fencing and individual access keys. The garage is 1:1 and heated. The subject property is a rare opportunity given the location and no vacancy in the last five years and zero rent default. The subject property is a three-minute walk to Chicago Transit Authority’s (CTA) 9 and 72 bus stops, and a five-minute walk to CTA’s North/Clybourn Red Line train stop, and a nine-minute walk to CTA’s Armitage Brown Line train stop. The property is also a three-minute drive to the Kennedy Expressway (I-90/94). The neighborhood of Lincoln Park draws in Chicagoans through its never-ending list of places to go both day and night. Lincoln Park Zoo is a popular spot bringing families into the area, while also attracting a younger crowd through concerts and special events around the holiday season. Kingston Mines jazz club is a neighborhood landmark along with Lincoln Hall and other venues. The property is conveniently located within one block of the Clybourn Corridor, which is home to numerous national retailers including Whole Foods, Apple, and REI.

Investment Highlights

  • High-Barrier Location in Lincoln Park Within a Block of the Clybourn Corridor
  • Newer Construction Building with Six Deluxe Units
  • High-End Finishes Include Granite Countertops, Stainless Steel Appliances
  • Hardwood Floors Throughout and In-Unit Laundry
  • Irreplaceable Skyline Views from Rooftop Decks
  • 1:1 Heated Garage Parking
  • Rental Growth Potential

Exclusively Listed By

Multifamily

1713 N Sheffield Ave

Listing Price: $4,200,000

Cap Rate
5.12%
Number of Units
6
Price/Unit
$700,000
Price/Gross SF
$362.07
Gross SF
11,600

Investment Highlights

  • High-Barrier Location in Lincoln Park Within a Block of the Clybourn Corridor
  • Newer Construction Building with Six Deluxe Units
  • High-End Finishes Include Granite Countertops, Stainless Steel Appliances
  • Hardwood Floors Throughout and In-Unit Laundry
  • Irreplaceable Skyline Views from Rooftop Decks
  • 1:1 Heated Garage Parking
  • Rental Growth Potential

Investment Overview

Marcus & Millichap is pleased to present 1713 North Sheffield Avenue, located in the Lincoln Park neighborhood of Chicago, Illinois. The subject property is composed of six high-end apartment units featuring granite countertops, stainless steel appliances, and in-unit laundry. The building is newer construction and consists of six heated garage parking spaces and multiple rooftop decks with skyline views. The property features security amenities including fencing and individual access keys. The garage is 1:1 and heated. The subject property is a rare opportunity given the location and no vacancy in the last five years and zero rent default. The subject property is a three-minute walk to Chicago Transit Authority’s (CTA) 9 and 72 bus stops, and a five-minute walk to CTA’s North/Clybourn Red Line train stop, and a nine-minute walk to CTA’s Armitage Brown Line train stop. The property is also a three-minute drive to the Kennedy Expressway (I-90/94). The neighborhood of Lincoln Park draws in Chicagoans through its never-ending list of places to go both day and night. Lincoln Park Zoo is a popular spot bringing families into the area, while also attracting a younger crowd through concerts and special events around the holiday season. Kingston Mines jazz club is a neighborhood landmark along with Lincoln Hall and other venues. The property is conveniently located within one block of the Clybourn Corridor, which is home to numerous national retailers including Whole Foods, Apple, and REI.

Exclusively Listed By

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