Three-Level Residential Income
747 N Sedgwick Street Unit 4RS, Chicago, IL 60654
For Sale
$470,000
A private rooftop deck extends the unit’s living and entertaining space.
Property Size1,500 SF
Price / SF$313.33
Days on Market46
Property Features for 747 N Sedgwick Street Unit 4RS
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
private roof deck
hardwood floors
stainless steel appliances
granite countertops
walnut cabinetry
stone-clad wood burning fireplace
vaulted ceilings
rain shower
in-unit laundry
wet bar
Building Details
Building Size
Year Built
Listing Agency:
Iconic Real Estate of Illinois Inc
(312) 969-5653
Listed By:
Gabriel Martinez
Source:
Themovagroup
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 7 at 6:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iconic Real Estate of Illinois Inc
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Investment Insights
Based on property information with market context.
This 1,500-square-foot residence spans three levels and was built in 1923. The main floor combines the kitchen, living, and dining areas, with hardwood flooring, vaulted ceilings, and a wood-burning fireplace. Walnut cabinetry, stainless steel appliances, granite counters, and a breakfast bar anchor the kitchen. A second bedroom with its own bathroom is also on this level. Upstairs, the loft-style primary bedroom includes storage, a bathroom with a rain shower, and in-unit laundry. The top floor has a wet bar and refrigerator beside a private roof deck.
The property is in Chicago’s River North area, near public transportation, grocery stores, coffee shops, fitness studios, dog parks, restaurants, and nightlife.
The property is in Chicago’s River North area, near public transportation, grocery stores, coffee shops, fitness studios, dog parks, restaurants, and nightlife.
Key Highlights
- 1,500 square feet arranged across three levels
- Private roof deck with an adjacent wet bar and refrigerator
- Loft‑style primary bedroom with storage and an ensuite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,994
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,880
$459.9K
Cap Rate 7%
$328,486
$328.5K
Cap Rate 9%
$255,489
$255.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$44.1K $29.40/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$41.8K $27.87/SF
− OpEx
−$18.8K −$12.54/SF
NOI
$23.0K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,880
Cap Rate 7%
$328,486
Cap Rate 9%
$255,489
Alternative Uses
Best Use
Apartment 5plus
$328.5K
$287.4K – $383.2K
NOI $22,994 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,507 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
11,699
Businesses Nearby
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Business Placement
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
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Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - A private rooftop deck extends the unit’s living and entertaining space.
Where is this residential income property located?
The property is located at 747 N Sedgwick Street Unit 4RS Chicago, IL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 1,500 square feet arranged across three levels; Private roof deck with an adjacent wet bar and refrigerator; Loft‑style primary bedroom with storage and an ensuite bathroom
