2636 Lincoln Ave Chicago, IL 60614
- Commercial real estate
- 9,910 SF
Current Use by Public Records
- JATES, Design+Build / Design Engineer / Interior Designer
Property Details for 2636 Lincoln Ave
- Year built
- 2000
- Property size
- 9,910 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use property at 2636 N Lincoln Avenue in Chicago's coveted Lincoln Park neighborhood presents a compelling investment opportunity. The building boasts a total of 9,910 square feet and comprises four units: three luxury apartments and one ground-floor retail space. Each apartment features modern finishes, private balconies, and in-unit laundry, catering to a high-demand rental market. The retail space is currently configured as a co-working space, offering immediate income potential. Renovated in 2016, the building benefits from separately metered utilities, simplifying management and maximizing efficiency. The attractive brick and limestone facade, coupled with modern construction, minimizes the need for significant near-term capital expenditures. Its location is unparalleled, just steps from public transportation and DePaul University, ensuring high foot traffic and strong tenant demand. The B3-2 zoning designation further enhances the property's versatility and potential for future value appreciation. Opportunities exist to optimize both the residential and retail components to further increase profitability. This property offers a rare blend of immediate income generation and long-term growth potential in a highly desirable Chicago location. The asking price is $2,275,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6551
- Latitude
- 41.9297
