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About the Listing 16636 - 883351
Exceptional mixed-use investment opportunity in the heart of Chicago's highly desirable Lincoln Square neighborhood! Located at 5051 N. Lincoln Ave., this versatile property features a prominent street-facing storefront/office space, making it ideal for an owner-user, small business, or income-producing commercial tenant. The residential component includes a cozy 2-bed/ 1-bath apartment on the first floor and a well-appointed spacious 2-bed/ 1-bath apartment on the second floor, offering excellent rental income potential or flexible owner-occupancy options. The full-length basement spans the entire footprint of the building and features shared laundry with a washer and dryer, abundant storage space, and endless possibilities for additional utility or workspace. Outside, enjoy a large private backyard with a generous patio area-perfect for entertaining, relaxing, or outdoor gatherings. The property is complete with a detached two-car garage, providing valuable off-street parking, additional storage and potential rental income. Situated on bustling Lincoln Avenue, this property offers outstanding visibility and is just steps from Lincoln Square's renowned restaurants, cafes, boutique shopping, parks, and public transportation. Whether you're an investor seeking strong income potential or an owner looking for the perfect live/work opportunity, this unique property offers exceptional versatility, multiple income streams, and an unbeatable location in one of Chicago's most sought-after neighborhoods.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Commercial Sale
MLS ®
12696501
Year Built
1906
Total Square Footage
2,950
Lot/Acreage
0.08
County
Cook
Area
CHI - Lincoln Square
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 25 X 140
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $12,187
- Taxes w/Assessments: N/A
- Tax/Property ID: 13124070110000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
5051 N Lincoln Ave Chicago, IL 60625
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