2228 N Lincoln Avenue Chicago, IL $ 1,200,000
2228 N Lincoln Avenue
$ 1,200,000
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2228 N Lincoln Avenue

Chicago, IL, 60614
$ 1,200,000
Baths0.0

Monthly Estimate*

$ 7,976

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Studio

Commercial Property for sale in Chicago, IL

for $1,200,000. This building was built in 1886 on a lot size of 0.07174.

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 3 bedrooms, 1 bath, separate dining room, and a large, private outdoor deck! The third floor apartment was updated in 2022; 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! Sold As-Is.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 33,025

Style

Commercial

Lot Size

0.07174

Year Built

1886

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12057984

Features
General
Cooling Central Individual Partial Window Unit(s)
Utilities Electric to Site Gas to Site Sanitary Sewer Water to Site
Possession Closing
Roof Reflective Coating Rubber
Zoning COMMR
Construction Materials Brick
Year Built 1886
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity Janitorial Service Taxes
Stories 3
Township North Chicago
Property SubType Mixed Use
Tax Year 2022
Current Use Commercial
Gross Income 108400
County Cook
Insurance Expense 2500
Property Type Commercial Sale Mixed Use
Possible Use Commercial Retail
Status Active
Directions North to Lincoln past Webster
City Chicago
NumberOfUnitsTotal 3
MLS Area CHI - Lincoln Park
Lot Size Square Feet 3125
Street Name Lincoln
Tax Annual Amount 33025
Electric Expense 7200
Fuel Expense 4800
Trash Expense 7800
Water Sewer Expense 7800
Additional Parcels Y/N N
Days on Market 20
Lease Type Net
Standard Status Active
Total Actual Rent 3500
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Interior
Flooring Carpet Tile Varies Wood
Total Fireplaces 2
Street Suffix Avenue
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Exterior
Lot Dimensions 25X125
Frontage Type City Street Public Road
Exterior Brick
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* Excluded Features
List By
Coldwell Banker Realty

Broker

nick.farnsworth@cbexchange.com

Email

Affordability Calculator

$10,728
Per Month
74%
26%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
$2,752
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$1,200,000 Listed Price

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2228 N Lincoln Avenue, Chicago, IL, 60614 is a Commercial Property for sale at $1,200,000 with a lot size of 0.07174. 2228 N Lincoln Avenue is a studio with 0.0 baths and was built in 1886. The property's zip code is 60614 which is in Chicago, IL