IL > Chicago
Chicago, IL 60614,2636 N Lincoln AVE
Chicago, IL 60614,2636 N Lincoln AVE
Chicago, IL 60614,2636 N Lincoln AVE
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Jessika Bennett

Jessika Bennett

+1(331) 684-5003
$2,450,000
Est. payment /mo
9,910 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 9,910 sqft

Price per Sqft $247

MLS Listing ID 12346625

Year Built 2000

Annual Tax Amount $43,335

Tax Year 2023

Lot Dimensions 25 X 125

Property Sub-Type Mixed Use

Property Description

Rarely available is a fully stabilized mixed-use property at 2636 N. Lincoln Avenue, delivering an immediate 6.5 cap rate in Chicago's premier Lincoln Park neighborhood. This exceptional 9,910-square-foot building features three luxury apartments and ground-floor retail space leased to a law firm, with a brand-new 5-year lease that includes annual increases. With a clear path to a 7.0 cap rate by simply bringing Units 3 and 4 to current market rents, no renovation needed. Eight dedicated parking spaces provide additional value in this high-demand location. Comprehensively updated in 2016, this turnkey property offers both stable income and appreciation potential in a high-barrier-to-entry market. Just steps from the Diversey CTA Station, Fresh Market, Trader Joe's, and more, elevate your portfolio with this premium asset in one of Chicago's most affluent neighborhoods. This is truly one of a kinda investment, with every neighborhood amenity at your fingertips!

Location

State IL

County Cook

Area Chi - Lincoln Park

Zoning COMMR

Interior

Cooling Central Air, Central Individual

Flooring Carpet, Wood

Fireplaces Number 3

Fireplace Y

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available

Building

Dwelling Type Mixed Use

Water Community Water

Level or Stories 4

Structure Type Brick,Concrete,Block,Masonite,Brick Veneer,Fl Brick/Stn Veneer,Combination

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Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Matthew Neistat • Jameson Sotheby's Intl Realty
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agent

Jessika Bennett

Broker | License ID: 475.193596

+1(331) 684-5003

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2636 N Lincoln AVE

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