2954 Sheffield Ave Chicago, IL 60657-5048

This exceptional 12,291 square foot mixed-use building in Chicago's vibrant Lakeview neighborhood presents a compelling investment opportunity. Currently 100% occupied by six diverse tenants – including a DMK Burger Bar, Fish Bar, Pure Dental Spa, UroPartners, Wellington Counseling Group, and Health Traditions – this two-story property boasts a strong, stable tenant roster with significant upside potential. Built in 1938 and renovated in 2010, the property sits on a 0.16-acre lot at 2954 N Sheffield Ave (APN: 14-29-216-030-0000) and offers a compelling 7.64% cap rate with a Net Operating Income (NOI) of $450,633. The asking price is $5,900,000, translating to $480.03 per square foot and $983,333.33 per unit. Medical tenants currently pay rents as much as 20% below market value, presenting a significant opportunity for rental increases. The property benefits from its prime location, adjacent to the Wellington CTA stop (440,000 annual riders), and exceptional demographics, with 103,000 residents within a three-mile radius boasting an average household income of $163,726. The property's strong historical performance is evidenced by a 3.6% ten-year compound annual growth rate (CAGR). This property offers a unique blend of medical and retail tenants in a high-demand location, making it an ideal acquisition for investors seeking a stable, high-performing asset with significant upside potential. The property's proximity to Wrigley Field and Advocate Masonic Medical Center further enhances its desirability.