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1950 N Sedgwick St 4,664 SF 100% Leased Retail Building Chicago, IL 60614 $3,521,415 CAD ($755.02 CAD/SF) 5.50% Cap Rate

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Executive Summary

This impeccably renovated mixed-use, two-tenant commercial/residential building presents a rare opportunity to acquire a premier asset in the heart of south Lincoln Park, just steps from Park West, Lincoln Park Zoo, the lakefront, and the highly desirable Sedgwick and Armitage corridor. This coveted pocket is known for its strong retail fundamentals, affluent demographics, and consistent demand driven by walkability, transit access, and surrounding high- end residential density. The first two levels are occupied by a credit commercial tenant (Baird and Warner) under a corporate-guaranteed lease in place through May 2030, offering long-term, predictable income. The upper levels feature a fully rehabbed three- bedroom, two-bathroom residential duplex spanning the third and fourth floors, providing an additional revenue stream or owner-occupant flexibility. The entire building has been comprehensively remodeled, with high-quality finishes throughout and significant capital improvements, including expansive rear and rooftop decks completed in 2023. Four car parking in the rear enhances leasing appeal and tenant retention. This is a true turnkey investment combining durable cash flow, prime location, and modern infrastructure in one of Chicago's most stable and sought-after submarkets.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

4,664 SF

Building Class

Year Built/Renovated

1984/2023

Price

$3,521,415 CAD

Price Per SF

$755.02 CAD

Cap Rate

5.50%

NOI

$193,678 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

1.58

Lot Size

0.07 AC

Zoning

RM-5

Frontage

30’ on N Sedgwick St

Major Tenants

Real Estate
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