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1935 N. Sedgwick St.
- Price: $4,600,000
- Number of Units: 12
- Building Size: 14,040 SF
- Lot Size: 4,379 SF
- Year Built: 1893
- First Time For Sale in Almost 50 Years
- Dynamic Lincoln Park / Old Town Triangle Location
- 11 - 2 Bed Apartments + 1 - 1 Bed Apartment Over Ground Floor Retail
- Ability to Add Value Via Leasing Retail and Modernizing Apartment Finishes
Interra Realty has been exclusively engaged to market 1935-43 N. Sedgwick Street for sale. The subject investment property is a vintage mixed-use building in a prime location on the border of Old Town and Lincoln Park.
The property consists of 11 – two bedroom apartments and 1 – 1 bedroom apartment above 3,990 square feet of ground floor retail (plus 2,161 square feet of basement space), formerly occupied by a neighborhood bar and restaurant. Many vintage characteristics, such as; stained glass, carvings in hallway, exposed brick and decorative fireplaces, have been well preserved over the years.
The property has been well maintained and managed by the long-term owners, but presents the ability for a new investor to add-value by leasing the retail space, and modernizing the finishes in the apartments to support higher rent levels.