2636 Lincoln AveChicago, IL 60614

For Sale
$2,275,000

Luxury Apartments & Retail Space in Prime Location

Overview

Added:
Feb 3
Days on market:
39
This exceptional mixed-use property at 2636 N Lincoln Avenue in Chicago's coveted Lincoln Park neighborhood presents a compelling investment opportunity. The building boasts a total of 9,910 square feet and comprises four units: three luxury apartments and one ground-floor retail space. Each apartment features modern finishes, private balconies, and in-unit laundry, catering to a high-demand rental market. The retail space is currently configured as a co-working space, offering immediate income potential. Renovated in 2016, the building benefits from separately metered utilities, simplifying management and maximizing efficiency. The attractive brick and limestone facade, coupled with modern construction, minimizes the need for significant near-term capital expenditures. Its location is unparalleled, just steps from public transportation and DePaul University, ensuring high foot traffic and strong tenant demand. The B3-2 zoning designation further enhances the property's versatility and potential for future value appreciation. Opportunities exist to optimize both the residential and retail components to further increase profitability. This property offers a rare blend of immediate income generation and long-term growth potential in a highly desirable Chicago location. The asking price is $2,275,000.

Property Details for 2636 Lincoln Ave

Property type
Other commercial real estate
Square Feet
9,910 SF
Year Built
2000

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9297
Longitude
-87.65511
2636 Lincoln Ave, Chicago, Illinois

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2636 Lincoln Ave
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