3248 N LINCOLN Avenue, Chicago, IL 60657

Building Details

Year built

1931

Floors in Building

2

Number of units

2

Building materials

Brick

Listing agent Robert Munds Show Phone

Listing office Jameson Sotheby's Intl Realty g***@jameson.com 425 W. North Ave. suite 1, Chicago, IL Show Phone

Listing date Jun 25, 2026

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MLS# 12666947

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.

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Overview

This solid brick mixed-use building includes a ground-floor restaurant space and a second-floor apartment, plus an unfinished basement. The apartment features two bedrooms and one bath with an updated kitchen and updated bath, along with a spacious living room and separate dining room. The property is offered in as-is condition.

The restaurant is leased in place through October 2027, while the residential tenant is month-to-month. The property is zoned COMMR, and the public remarks also note zoning as B1-3. It is located in Lakeview, and it must be purchased together with 1630 W. Melrose.

For investors or owner-users seeking a live/work or income-oriented setup, the building provides two separate income streams with different lease terms. The ground-floor restaurant arrangement supports tenants looking for street-level food and beverage space, while the second-floor unit can serve residential occupants or be managed alongside the commercial tenancy. The unfinished basement offers additional storage or future utility for an operator who plans renovations within the as-is framework.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6697901

Latitude

41.940916

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FAQs

What type of property is this?

Conventional restaurant - Ground-floor restaurant with an apartment above, featuring a lease through October 2027 and month-to-month residential tenancy.

Where is this conventional restaurant located?

The property is located at 3248 N LINCOLN Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Brick mixed‑use building built in 1931 with central air; Ground‑floor restaurant space with a lease in place through October 2027; Second‑floor 2‑bedroom, 1‑bath apartment with updated kitchen and bath