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1682-1686 N Ada St Chicago, IL 60642

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For Sale
$4,700,000

Three-parcel portfolio near Lincoln Yards development, suitable for various uses.

Property Features for 1682-1686 N Ada St

General Information

Standard status
Active

Building Details

Year built
1909

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Listing Contact
Lucas Blahnik
Lucas Blahnik
Source: Exitrealty

Listing Agency: @properties Christie's International Real Estate Listing Agent: Lucas Blahnik

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

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Overview

Unique Riverfront Portfolio For Sale

This unique three-parcel portfolio is located along the North Branch of the Chicago River, adjacent to the Lincoln Yards development. The assembly includes a raw artist studio with approximately 7,200 square feet over two levels, a timber loft residence with a courtyard and indoor/outdoor spaces, and a 6,000 square foot timber warehouse. The parcels can function separately or collectively. The warehouse, located at 1686 N Ada, spans roughly 100' x 60' with ceiling heights ranging from 14-16'. It features multiple skylights and a large overhead door opening onto Ada Street. The residence at 1684 N Ada, a converted factory, offers approximately 3,500 square feet of live/work space. It is currently configured as a one-bedroom, two-bathroom home with open living spaces and a large gallery that opens to the courtyard. The gallery could be converted into additional bedrooms. The building underwent a complete renovation approximately 15 years ago, including radiant heated floors, a tear-off roof, new steel windows and doors, and the addition of outdoor space. It includes parking for 2+ cars in the indoor garage and several more in the private courtyard. The raw studio space at 1682 N Ada offers over 7,000 square feet and connects the other two parcels. It could be a continuation of the residence or support the warehouse with bathrooms, a kitchen, or a bar. The M3-3 zoning allows for a variety of uses and additional FAR and height. The residence at 1686 is currently used as an event space hosting weddings, parties, and photo shoots with bookings through October 2025. The location provides abundant nearby parking and easy highway and downtown access. Several music venues are nearby, including The Salt Shed, Outset, and The Hideout. The Lincoln Yards development across the street will bring thousands of residential and office spaces to the area, along with infrastructure improvements like parks and a continuation of the 606 trail.
Location Intelligence

Current Use by Public Records

Live-work space

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6625708
Latitude
41.9129927

FAQs

What type of property is this?
Mixed-use property - Three-parcel portfolio near Lincoln Yards development, suitable for various uses.
Where is this mixed-use property located?
The property is located at 1682-1686 N Ada St Chicago, IL.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: - Unique three-parcel portfolio: Raw artist studio, timber loft residence, and timber warehouse.; - Prime location adjacent to Lincoln Yards: Promising future growth and increased property value.; - Versatile spaces with income potential: Residence at 1686 N Ada has bookings through October 2025.
More about this property
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