$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
Beds:
0
Baths:
0
Address:
5107 N Lincoln Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Oct 24, 2022
State:
IL
Finished Sq Ft:
7,890
ZIP:
60625
Subdivision:
Lot Size:
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
0%
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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