5051 N Lincoln Avenue, Chicago, IL 60625

Active · For Sale · Mixed Use

$694,000

5051 N Lincoln Avenue, Chicago, IL 60625

Units
3
Price / Unit
$231,333
Building Size
2,950 SF
Year Built
1,906

Property Overview

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…

Investor Resource

Property Intelligence

Financial Snapshot

Annual Taxes
$12,187 (2024)

Property Details

Units
3
Building Size
2,950 SF
Lot Size
3,500 SF
Lot Dimensions
25 X 140
Stories
2
Year Built
1906
Building Age
Older
Construction
Brick
Roof
Flat
Zoning
COMMR
Parcel Number
13124070110000

Operations & Utilities

Heating
Forced Air
Cooling
Central Air, Window Unit(s)
Electric
Circuit Breakers, Separate Meters
Possession
Closing

Location & Use

County
Cook
Market Area
Chicago - Lincoln Square

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.