2444 N Sheffield Avenue

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2444 N Sheffield Avenue

Chicago, IL 60614
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 2444 N Sheffield Avenue in Chicago
  • Situated within the Lincoln Park neighborhood near the DePaul University campus
  • Area features high density and strong demand for urban residential housing
  • Convenient access to Chicago public transit and regional employment hubs
  • Property represents a stable investment opportunity in a mature metropolitan market

What's Special

Investors seeking a multifamily asset in the heart of Chicago will find this apartment building at 2444 N Sheffield Avenue a noteworthy addition to a portfolio. Positioned in the Lincoln Park neighborhood, this property benefits from its proximity to DePaul University, a significant local driver for rental housing demand. Residents in this area enjoy access to an expansive network of public transportation, retail corridors, and proximity to the lakefront, making it a highly desirable destination for long-term tenants. The surrounding submarket is characterized by high density and strong historical occupancy rates, reinforcing the appeal of residential investments in this segment of the city. Given the established infrastructure and the persistent demand for quality housing in Chicago, this building serves as a stable vehicle for capital appreciation and recurring income generation. The asset type supports continued use as a rental property while situated within a mature urban core known for its vibrant economic activity and diverse lifestyle amenities.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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