Listing provided courtesy of Jameson Sotheby's Intl RealtyMREDas Distributed by MLSGrid- MLS# 12666947
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Request Info3248 N LINCOLN AvenueChicago, IL 60657
Commercial · 3,050 Sq. ft.$650,000
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3248 N LINCOLN Avenue Overview
- Time on Site:
- 4 days
- Visits:
- 3
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.
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3248 N LINCOLN Avenue Facts & Features
- Type Commercial
- Sq. ft. 3,050
- Price/Sq.ft. $213
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Existing Lease Type: Modified Gross
- Fuel Expense: 0
- Gross Income: 68820
- Gross Scheduled Income: 62100
- Insurance Expense: 5800
- Trash Expense: 1440
- Water Sewer Expense: 2220
Building Information
- Year Built: 1931
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Lake View
Rent/Lease Information
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Scavenger, Sewer, Trash Collection
Tax Information
- Tax Annual Amount: $14,669.05
- Tax Year: 2024
General Information
- New Construction: No
- Parcel Number: 14194300170000
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 3050
General Information
- Cooling: Central Air
- Electric: Service - 0 to 100 Amps
- Stories: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 25X76x29x61
- Lot Size Square Feet: 1850
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 2
3248 N LINCOLN Avenue Neighborhood
Community
60657 (CHICAGO) Demographics
31
Median Age
23,068
Population Density (per sq. mile)
87%
College Educated
$94,722
Estimated Median Income
14,173
Estimated Total Home Owners
22,758
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.3248 N LINCOLN Avenue Monthly Cost
3248 N LINCOLN Avenue Market Data
Based on the last 30 days in this zip code
$968,447
Average List Price
$744
Average Price per Square Foot
91
Properties Sold
49
Average Days on Market
234
Properties for Sale
3248 N LINCOLN Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: MRED | June 25, 2026 |