Fully Leased Lakeview Building FOR SALE 2825 N Lincoln Ave 3,600 SF 67% Leased Retail Building Chicago, IL 60657 $1,100,000 ($305.56/SF) 7.08% Cap Rate

Three Story, Mixed Use Building in Lakeview on Lincoln Ave, North of Diversey. Perfect Owner/User Property or Investment property with the residential units providing most of the income. First level features front patio with windows that open, dining area, full bar w/ 6 draft lines, existing kitchen (9ft hood and walk in fridge) and two bathrooms (one ADA). Previous bar/restaurant business available at an additional price. Second and third floor features two residential, duplex up apartments, both are 2BD/2BA and there is room to increase the rents, as is. Both apartments offer unique living in a desirable location with in unit laundry and decks off the back
Utilities are separately metered, renters pay for gas and electric. Apartments are being rented below market and both offer value add potential to increase income. Fantastic high traffic neighborhood, steps from Humboldt Park and 2 blocks from the Bloomington Trail
0.3 Miles to the Diversey Brown/Purple Line stop, multiple bus stops and Divvy stations plus close access to the Expressway or Lake Shore Drive. Area tenants include: Beermiscuous, Herb & Alchemy, Always There Dental Care, Left Coast, Elbo Room, Rotofugi Toy Store, Gino’s East and much more!
Zoning – C1-2
2021 Taxes – $15,413.54
Alderman – Scott Waguespack / 32nd Ward