2506 N Clybourn Avenue, Chicago, IL 60614
- Added:
- Jun 19, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 20 at 12:06 am
Property Features for 2506 N Clybourn Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Fireplace
- 1
- Standard status
- Active
- APN
- 14304000020000
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 34719
Utilities
- Utilities
- Water Available
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Wood
- Building materials
- Brick
- Roof type
- Rubber, Membrane
Listing agent Brian Costello License #475143211 (773) 625-1121
Listing office Hometown Real Estate Group LLC 7700 W Belmont, Chicago, IL (773) 625-1121
Listing date Jun 19, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use corner building with brick construction and M1‑2 zoning for flexibility for commercial, industrial, and investment uses
- Main level: 2,700 sq ft restaurant and bar with fireplace, dual bar areas, exposed brick interior, two restrooms, and commercial kitchen
- Second floor: 1‑bedroom owner’s apartment with fireplace, full bath, in‑unit laundry, and private outdoor balcony
- Additional residential units on 2nd level: one 2‑bedroom apartment and one non‑conforming 1‑bedroom unit
- Detached 2‑plus‑car garage, plus site parking potential for approximately 10–12 vehicles; private patio area
- Unfinished basement with abundant storage and walk‑in cooler; property is currently vacant and sold AS‑IS
Overview
Located at 2506 N Clybourn Avenue in Chicago (Lincoln Park/Lakeview area as described in the remarks), the property also includes a detached two-plus-car garage and a private patio area that may be used for outdoor dining or additional off-street parking. The site has the potential to accommodate approximately 10–12 vehicles.
With the entire property currently vacant, a new owner has immediate flexibility to renovate, reposition, lease, or occupy. The combination of a built-out restaurant/bar level, residential units, and on-site parking supports a variety of owner-user and investor approaches, including operating the commercial space while managing the residential components separately.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.2k | $26.40 |
| − Vacancy | −$8.7k | −$1.58 |
| EGI | $136.5k | $24.82 |
| − OpEx | −$34.1k | −$6.20 |
| NOI | $102.4k | $18.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6722212
- Latitude
- 41.9269862
