4363 N Lincoln Ave Chicago, IL 60618

This trophy building is located in the heart of Lincoln Square, situated on a highly visible corner across from Welles Park and Small Cheval. The property is anchored by LM Deli, a neighborhood staple offering deli sandwiches, high-end groceries, beer, wine, and liquor. In addition to the retail space, the building features four large apartments, including one three-bedroom, one-bathroom unit and three two-bedroom, one-bathroom units. The building underwent significant renovation in 2007, which included the replacement of all copper water lines, all electric, a new main water line, and new windows, as well as cosmetic renovations to all units. In 2022, new HVAC was installed for all of the retail space. The apartments feature central air conditioning and rental-quality finishes, including hardwood floors, laminate counters, and entry-level appliances. A shared community laundry room is located on the second floor. LM Deli has been operating at this location for six years, with four years remaining on their lease and two five-year options. The retail space has undergone extensive upgrades, including two large walk-in freezers, a 1,500-square-foot air-conditioned prep kitchen in the basement, and ventilation and black iron for the kitchen. A new buyer has the opportunity to mark the existing apartment rents to market amid growing rental pressure and a lack of available supply, all while owning a trophy building with cash flow in place.