1455-59 N Sedgwick Avenue, Chicago IL 60610
$4,600,000

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Property Description

Premier Old Town Development & Cash-Flow Opportunity | Double or Triple Lot Package. An unmatched development canvas awaits in the heart of Old Town, one of Chicago's most coveted and historic enclaves. This rare offering features a flexible double or triple-lot footprint situated on a premier, tree-lined residential street. The package combines immediate high-yield rental income with immense ground-up development potential for a landmark residential or commercial project. The Development Footprint: Rare double or triple-lot ideal for luxury single-family homes, high-end condominiums, or commercial assets. Ready Accessibility: Features an existing curb cut, significantly simplifying site planning and construction logistics. Favorable Zoning: Versatile zoning parameters accommodate diverse architectural visions and maximize buildable square footage. The Income Generator (1455 N. Sandburg) Turnkey Asset: A beautiful, fully leased brick multi-family building anchoring the third parcel to provide immediate carrying income. Upper-Level Units: Three pristine, layout-efficient 2-bedroom, 2-bathroom apartments commanding premium neighborhood rents. Garden-Level Space: An expansive 5-bedroom, 5-bathroom footprint, currently optimized as high-end office space. A Location Without Equal Transit-Oriented: Located just steps from the Sedgwick CTA Brown Line station and express buses on LaSalle Street for effortless commuting. Gold Coast & Lake Access: Walking distance to the shores of North Avenue Beach and the vast green spaces of Lincoln Park. Lifestyle & Amenities: Minutes from the world-class dining, boutique shopping, and vibrant nightlife lining iconic Wells Street.

Features & Information

Key Details

  • List Price $4,600,000
  • Property Taxes $15,952
  • Lot Size 0.17
  • Lot Dimensions 50x102
  • Market Time 12
  • Status Active

Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

Location

  • County Cook
  • Township North Chicago
  • Corporate Limits Chicago
  • Directions to Property North Avenue To Sedgwick, South On Sedgwick To 1457.
  • Property Taxes

  • Tax $15,952
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 17042000160000

Listed by Mauricio Ortiz for Compass | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/8/2026 11:02 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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