1455-59 N Sedgwick Street, Chicago IL 60610
Property Description
Incredible Investment & Development Opportunity in the Heart of Old Town! Maximize your portfolio with this rare multi-unit property and double-lot package in one of Chicago's premier, high-demand neighborhoods. This turnkey investment features a beautifully and recently renovated, all-brick 4-flat paired with two adjacent lots, delivering immediate strong cash flow alongside massive future development potential. The Building: Fully Leased & Turn key-Condo-Quality Units: Four pristine, high-end apartments generating $16,000 in monthly rental income. Layout Distribution: Three spacious 2-bedroom, 2-bathroom units, and one expansive 5-bedroom, 5-bathroom ground-level unit (currently optimized as premium office space). Total Capacity: 11 bedrooms and 11 bathrooms across the entire building. Modern Upgrades: Complete peace of mind with newer electrical, plumbing, HVAC systems, and dedicated laundry facilities. The Land & Parking: Unmatched Added Value Double Lot Included: The purchase price includes two adjacent parcels, each measuring approximately 25' x 102'. Premium Parking Income: Currently configured as a private parking lot equipped with 12 parking spaces and 2 EV charging stations. Development Upside: Exceptional raw land footprint perfect for future expansion, a luxury single-family home, or a new multi-family development project in a historic, land-scarce location. Whether you choose to collect premium rents from the fully occupied building and parking lot, or break ground on a luxury development, this Old Town package offers an unmatched combination of stability and upside.
Features & Information
Key Details
- List Price $4,600,000
- Property Taxes $31,646
- Status Active
- List Market Time 10
Units
-
Unit 1
- Floor 1
- Rooms 6
- Beds 2
- Baths 2
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors, Walk-In Closet
- Rent $3,600/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 08/26
-
Unit 2
- Floor 2
- Rooms 6
- Beds 2
- Baths 2
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors, Walk-In Closet
- Rent $3,600/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 08/26
-
Unit 3
- Floor 3
- Rooms 6
- Beds 2
- Baths 2
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors, Walk-In Closet
- Rent $3,800/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 04/27
-
Unit 4
- Floor G
- Rooms 8
- Beds 5
- Baths 5
- Appliances Refrigerator, Microwave, Central Air Conditioner
- Rent $5,000/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires /
Exterior Features
-
Parking
- # of Cars: 0
Building Information
- Number of Units 4
- Age of Building Unknown
Location
- County Cook
- Township North Chicago
- Corporate Limits Chicago
- Directions to Property North Avenue To Sedgwick, Turn South To Address
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 31646.01
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 17042000180000
Listed by Mauricio Ortiz for Compass | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/5/2026 6:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Old Town
Distinguished by a captivating past that lingers in the occasional brick alley, the thriving commercial district along Wells Street, and the faint toll of bells from St. Michael's Church, Old Town is a historic Chicago neighborhood, reborn into the 21st century with an ardor that has captured many people's interest as an enchanting place to live and a safe environment to raise a family. Old Town's beautiful residential blocks, lined with century-old grey- and brownstone walkups, are broken up by the flurry of activity along the neighborhood's central thoroughfare. Old Town boutiques are known for their specialty items, local designer wares and one-of-a-kind fashions for you and your home. Tucked in among the awning-covered storefronts are popular dining spots that are regular stops for in-town celebrities. In the summer, Old Town explodes with fun and excitement as folks come from all around to visit the neighborhood street festivals, which are among the most beloved in Chicago.
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