Chicago, IL 60614 2228 N Lincoln Avenue

Pending
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Presented By: Coldwell Banker Realty
  • MLS# 12057984
  • 05/16/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.

Home Details

Desired Lincoln Park mixed-use building with rehab opportunity in A+ location. The property has been in the family for more than four decades and well taken care of, but the two residential units are in need of updates. Zoned B3-2, in the heart of restaurants, retail stores, single family homes and condominiums, and just a few blocks away from DePaul University. The building is situated on a 25' x 125' lot with alley access in the back and 2 tandem parking spaces (4 spaces). 2 residential units and 1 remodeled, commercial retail space. The first floor is currently occupied by an established business with long term potential. The second floor apartment consists of 2 bedrooms, 1 bath, separate dining room, and a large, private outdoor deck! The third floor apartment was updated in 2004; could be a great owner's unit! The open floor plan with 2 bedrooms, 1 bath, plus a den is outfitted with granite counters and white cabinets. Both residential units feature high ceilings, hardwood floors, in-unit washer & dryer hook up, and large windows. Excellent transportation options within walking distance. Great for investment and/or owner-occupied. Check out the floor plans to see how much space this building has to offer! Strictly Sold As-Is.
Presented By: Coldwell Banker Realty

Interior Features for 2228 N Lincoln Avenue

Other Interior Features

FlooringCarpet, Tile, Varies, Wood
Total Fireplaces2

General for 2228 N Lincoln Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Individual, Partial, Window Unit(s)
CountyCook
Current UseCommercial
Days on Market105
DirectionsNorth to Lincoln, past Webster
ElectricCircuit Breakers, Separate Meters
Electric Expense7200
Fuel Expense4800
Gross Income108400
Insurance Expense2500
Lease TypeNet
Lot Size Square Feet3125
MLS AreaCHI - Lincoln Park
NumberOfUnitsTotal3
PossessionClosing
Possible UseCommercial, Retail
Property SubTypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofReflective Coating, Rubber
Standard StatusPending
StatusPending
Stories3
Tax Annual Amount33931
Tax Year2023
Tenant PaysElectricity, Janitorial Service, Taxes
Total Actual Rent3500
TownshipNorth Chicago
Trash Expense0
UtilitiesElectric to Site, Gas to Site, Sanitary Sewer, Water to Site
Water Sewer Expense7800
Year Built1886
ZoningCOMMR

Exterior for 2228 N Lincoln Avenue

ExteriorBrick
Frontage TypeCity Street, Public Road
Lot Dimensions25X125

Additional Details

Price History

Worth Clark

Price $1,099,000
MLS#12057984
List Date 05/16/2024
Property Type Pending
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