2636 N Lincoln Avenue
Chicago, IL, 60614
$2,450,000
Beds
0 Baths
9,910 SqFt
0 Acres
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$2,450,000
2636 N Lincoln Avenue
Chicago, IL, 60614
MLS #MRD12346625 img 0MLS #MRD12346625 img 1MLS #MRD12346625 img 2MLS #MRD12346625 img 3MLS #MRD12346625 img 4MLS #MRD12346625 img 5MLS #MRD12346625 img 6MLS #MRD12346625 img 7MLS #MRD12346625 img 8MLS #MRD12346625 img 9MLS #MRD12346625 img 10MLS #MRD12346625 img 11MLS #MRD12346625 img 12MLS #MRD12346625 img 13MLS #MRD12346625 img 14MLS #MRD12346625 img 15MLS #MRD12346625 img 16MLS #MRD12346625 img 17MLS #MRD12346625 img 18MLS #MRD12346625 img 19MLS #MRD12346625 img 20MLS #MRD12346625 img 21MLS #MRD12346625 img 22MLS #MRD12346625 img 23MLS #MRD12346625 img 24MLS #MRD12346625 img 25MLS #MRD12346625 img 26
Rarely available is a fully stabilized mixed-use property at 2636 N. Lincoln Avenue, delivering an immediate 6.5 cap rate in Chicago’s premier Lincoln Park neighborhood. This exceptional 9,910-square-foot building features three luxury apartments and ground-floor retail space leased to a law firm, with a brand-new 5-year lease that includes annual increases. With a clear path to a 7.0 cap rate by simply bringing Units 3 and 4 to current market rents, no renovation needed. Eight dedicated parking spaces provide additional value in this high-demand location. Comprehensively updated in 2016, this turnkey property offers both stable income and appreciation potential in a high-barrier-to-entry market. Just steps from the Diversey CTA Station, Fresh Market, Trader Joe’s, and more, elevate your portfolio with this premium asset in one of Chicago’s most affluent neighborhoods. This is truly one of a kinda investment, with every neighborhood amenity at your fingertips!

Property Details

Price:
$2,450,000
MLS #:
MRD12346625
Status:
Active
Beds:
0
Baths:
0
Address:
2636 N Lincoln Avenue
Type:
Commercial
Neighborhood:
CHI – Lincoln Park
City:
Chicago
Listed Date:
Apr 24, 2025
State:
IL
Finished Sq Ft:
9,910
Total Sq Ft:
9,910
ZIP:
60614
Year Built:
2000

Schools

Interior

Cooling
Central Air, Central Individual
Fireplaces Total
3
Flooring
Carpet, Wood

Exterior

Construction Materials
Brick, Concrete, Block, Masonite, Brick Veneer, Fl Brick/ Stn Veneer, Combination

Financial

Net Operating Income
$159,970
Tax Year
2023
Taxes
$43,335
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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2636 N Lincoln Avenue
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