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    3843-45 N Lincoln Ave Chicago, IL 60613

    For Sale
    $1,800,000

    Meticulously maintained, fully occupied mixed-use property in a prime location.

    Property Features for 3843-45 N Lincoln Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1905

    Source: JMG REAL ESTATE Agent GOLDIE NELSON

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

    Overview

    Mixed-Use Investment Property in North Center

    This meticulously maintained mixed-use property in North Center presents a solid investment opportunity. The building is fully occupied and features a mix of commercial and residential spaces. There are two ground-floor commercial spaces, one offering 1000 square feet and the other 2000 square feet. The upper floors house four residential apartments, including two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. The property also includes four parking spaces, a garage, and a brick shed for additional storage. The location is convenient, situated a few blocks south of Lincoln, Irving Park, and Damen, and just north of Addison. Residents and customers benefit from walking distance to both Irving and Addison brown lines, Trader Joe's, and the diverse shops, entertainment venues, and restaurants of the North Center neighborhood.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.6767147
    Latitude
    41.9517815

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    FAQs

    What type of property is this?
    Mixed-use property - Meticulously maintained, fully occupied mixed-use property in a prime location.
    Where is this mixed-use property located?
    The property is located at 3843-45 N Lincoln Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Solid investment property in North Center.; - Fully occupied with a mix of commercial and residential units.; - Includes **4 parking spaces**, a garage, and a brick shed for storage.
    (773) 348-9400
    Request Owner's contact information
    3843-45 N Lincoln Ave Chicago, IL 60613
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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
    3843-45 N Lincoln Ave Chicago, IL 60613
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