$2,450,000
2636 N Lincoln Avenue
Chicago, IL, 60614
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
Tax Year
2023
Taxes
$43,335
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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2636 N Lincoln Avenue
Chicago, IL
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