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Commercial Condo on Lincoln Avenue

4357 N Lincoln Avenue #C, Chicago, IL 60618

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For Sale

$360,000

Commercial condo with tenant in place, ideal for investors.

Type:Commercial

Listing Contact

ROBERT WALDSCHMIDT

HighLights

Existing tenant provides immediate income: $3,150/month until 10/31/26, increasing to $3,200/month until 10/31/27.
Tenant responsible for all expenses except mortgage, property tax, and HOA fees.
B1‑2 zoning permits a variety of retail uses.
Option to renew lease for an additional 3 years with 5% annual increase.
Low HOA fees: $85.90 per month.
Nicely built‑out unit, suitable for immediate occupancy or continued rental.

For Sale

$360,000

Commercial condo with tenant in place, ideal for investors.

Type:Commercial

Added:: Oct 30, 2025
Days on Market:: 225
Last Refresh:: Apr 5 at 9:20 pm

Property Features for 4357 N Lincoln Avenue #C

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 2014

We can help!

Listing Contact

ROBERT WALDSCHMIDT

Listing agent ROBERT WALDSCHMIDT

Listing office BERKSHIRE HATHAWAY HOMESERVICES CHICAGO

Listing date Oct 30, 2025

Source Corcoran

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

All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICES CHICAGO

HighLights

Existing tenant provides immediate income: $3,150/month until 10/31/26, increasing to $3,200/month until 10/31/27.
Tenant responsible for all expenses except mortgage, property tax, and HOA fees.
B1‑2 zoning permits a variety of retail uses.
Option to renew lease for an additional 3 years with 5% annual increase.
Low HOA fees: $85.90 per month.
Nicely built‑out unit, suitable for immediate occupancy or continued rental.

Overview

This commercial condominium presents an opportunity for investors or owner-occupiers. The unit is built out and currently occupied by an arts and crafts business. It is zoned B1-2, which allows for various retail uses. The tenant pays $3,150 per month until October 31, 2026, and $3,200 per month from November 1, 2026, to October 31, 2027, with an option to renew for an additional three years at a 5% increase over the prior year. The tenant is responsible for all expenses except the mortgage, property tax, and HOA fees. The HOA fees are currently $85.90 per month. The property is located on North Lincoln Avenue in Chicago.

Property Profile Location Intelligence

Current Use by Public Records

Elko Hardwoods Furniture & Home Goods

Suggested Use

Location Insight

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6833
Latitude: 41.9612

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For sale
Retail space
IL
Chicago
60618
4357 N Lincoln Avenue #C

What type of property is this?

Retail space - Commercial condo with tenant in place, ideal for investors.

Where is this retail space located?

The property is located at 4357 N Lincoln Avenue #C Chicago, IL.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: Existing tenant provides immediate income: $3,150/month until 10/31/26, increasing to $3,200/month until 10/31/27.; Tenant responsible for all expenses except mortgage, property tax, and HOA fees.; B1‑2 zoning permits a variety of retail uses.