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    2871 North Lincoln Ave Chicago, IL 60657

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    For Sale
    Contact for pricing

    Mixed-use building with nightclub and two apartments in Lakeview.

    Property size:
    5,325 SF

    Property Features for 2871 North Lincoln Ave

    General Information

    Size
    5,325 SF

    Building Details

    Year built
    1910

    Source: Keith Worsham Agent Keith Worsham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakeview Mixed-Use Building with Nightclub

    This three-story brick building with a basement is located in Chicago's Lakeview neighborhood. The property features a basement and first-floor nightclub space with two bars, a stage, a dance floor, and four restrooms. The upper two floors each contain an approximately 1,100-square-foot apartment with one bedroom and one bathroom. The Elbo Room, a live music venue, occupied the space for nearly three decades. Enhancements to the property include window and tuckpointing restoration completed in 2011, and the installation of a Fujitsu HVAC system in 2017. The property size is 5,325 square feet.
    Location Intelligence

    Current Use by Public Records

    KMA Enterprise Marketing Consultant Elbo Room Night Club

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6605412
    Latitude
    41.934065

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with nightclub and two apartments in Lakeview.
    Where is this mixed-use property located?
    The property is located at 2871 North Lincoln Ave Chicago, IL.
    What are key features of this property?
    This property features: - Prime Lakeview location in Chicago's most densely populated area.; - Mixed-use property with established nightclub space and two residential apartments.; - Two spacious 1,100± SF apartments, each with 1 bedroom and 1 bathroom.
    (404) 514-0242
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2871 North Lincoln Ave Chicago, IL 60657
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