$1,250,000
5107 N Lincoln Avenue
Chicago, IL, 60625
Located on Lincoln Ave., just north of Lincoln Square & the Brown line with new condo & retail developments in process throughout the area, this mixed-use property on a double lot, features 2 storefronts, 4 apartments, & a 12 car parking lot. This great investment opportunity offers the next owner many options. The main floor offers 2500 sq. feet of retail/store space. The 5109 storefront is currently vacant. The building owner has operated St. Pauli Bar here since 1979 The unique oval wood bar, most of the fixtures & a 4 am liquor license are included in the sale. The 5107 storefront is currently occupied by a cleaners/alterations store on a month-to-month lease. A full unfinished basement is accessible from the interior through the 5107 storefront & from the exterior. The 12-car parking is accessed through the alley. There are 4-5 room, 2 bedroom, 1 bath units. The apartments all have separate utilities & feature original woodwork and doors, generous closet space & artificial fireplaces on the south side of the building. The owner lives in one unit, the other 3 are vacant. The building has been tuck pointed and has a rebuilt chimney and front facade. The rubber roof was recoated in 2017. The exterior wood porch was painted & stairs were replaced as needed-2015.
Property Details
Price:
$1,250,000
MLS #:
MRD11660727
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
5107 N Lincoln Avenue
Type:
Commercial
Subtype:
Mixed Use
City:
Chicago
Listed Date:
Oct 24, 2022
State:
IL
Finished Sq Ft:
7,890
ZIP:
60625
Year Built:
1915
Schools
Interior
Cooling
Central Air, Central Individual, Window Unit(s)
Fireplaces Total
2
Flooring
Carpet, Tile, Wood
Exterior
Construction Materials
Brick
Roof
Reflective Coating, Rubber
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2022
Taxes
$6,854
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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5107 N Lincoln Avenue
Chicago, IL
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