Address
3248 N Lincoln Avenue, Chicago, IL
Price
$ 650,000
Property Attributes
  • MLS#12666947
  • TypeCommercial
  • Listing Status Active
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lake View
  • NeighborhoodLake View
  • Zip60657
  • Style
  • Year Built1931
  • Taxes$ 14669
  • Price$ 650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3050
  • Lot Size0.04247 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Rare mixed-use investment opportunity in the heart of Lakeview. Solid brick building featuring a ground-floor restaurant space with a lease in place through October 2027, providing stable income. The second-floor apartment offers 2 bedrooms, 1 bath, an updated kitchen and bath, spacious living room, and separate dining room. Zoned B1-3, offering long-term redevelopment and value-add potential. Residential tenant is month-to-month. Property is being sold in as-is condition and must be purchased together with 1630 W. Melrose. Excellent opportunity for investors, developers, or owner-users seeking a prime Lincoln Avenue location. Unfinished basement.

Price History
6/25/2026 Listed $650,000

General Features

Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1931
Electric Service - 0 to 100 Amps
Tenant Pays Air Conditioning,Common Area Maintenance,Electricity,Heat,Taxes,Scavenger,Sewer,Trash Collection
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 68820
County Cook
Insurance Expense 5800
Property Type Commercial Sale
Status Active
Directions HALF BLOCK NORTH OF BELMONT/ASHLAND ON LINCOLN
City Chicago
Number Of Units Total 2
MLS Area CHI - Lake View
Lot Size Square Feet 1850
Tax Annual Amount 14669.05
Trash Expense 2820
Water Sewer Expense 2220
Additional Parcels Y/N No
Virtual Tour https://smartfloorplan.com/adminka/public/api/shell/v512230/photos/idx
Lease Type Modified Gross
Standard Status Active
Property Type Mixed Use

Exterior Features

Building Area Total 3050
Lot Dimensions 25X76x29x61

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60657

Price
AVG $470K
$650K
Taxes
AVG $23,208
$14,669
Year Built
AVG 1966
1931
Visits
AVG 321
202
Data Provided by Inside Real Estate®

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