1457-59 N Sedgwick Avenue

Chicago, IL 60610

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.

Listing Courtesy of MRED as distributed by MLS Grid of Compass



Based on information submitted to the MLS GRID as of 2026-07-24 12:10 AM UTC. 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.
Last checked: 2026-07-24 12:10 AM UTC
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