2228 N Lincoln Avenue, Chicago, IL 60614 - Photo 1

1/1

$1,000,000

Sold
Closed
Commercial

1/1

Property Description

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.

Full Property Details

Full Property Details for 2228 N Lincoln Ave

General

Sold For: $1,000,000
Taxes: $33,931 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12057984
Added to Site: 652 day(s) ago

Interior

Interior Features: Skylight(s), Storage Inside, Laundry Room
Fireplace: Yes
Flooring: Carpet, Tile, Varies, Wood

Additional Information

Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)

Parking

Parking Features: 1 to 5 Spaces, Fenced, Secured, Parking On-Site

Location

Area: CHI - Lincoln Park
County: Cook
Driving Directions: North to Lincoln, past Webster
Location Details: Chicago North, Mixed-Use Area, Public Transport Avail, In City Limits, High Traffic Area

Heating & Cooling

Cooling Type: Central Individual, Partial, Window Unit(s)
Heating Type: Central Building Heat, Wall Unit

Utilities

Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Water to Site

Structural Information

Construction: Brick
Exterior Const.: Brick
Roof: Reflective Coating, Rubber
Sub-Flooring: Carpet, Tile, Varies, Wood
Stories/Levels: 3
Current Bldg. Use: Commercial
# of Stores: 1
Year Built: 1886
Built Before 1978: Yes

Unit Information

# Tenants: 1
Units w/Refrigerators: 1
Units w/Range/Oven: 1
# Dryers: 1

Lot Features

Lot Size (Sq. Ft.): 3,125
Lot Dimensions: 25 x 125
Frontage: City Street, Public Road
Potential Use: Commercial, Retail
Zoning: COMMR

Financial Considerations

Lease Price: $31
Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Assessment Year: 1886
Tax Amount: $33,931
Tax Year: 2023
Tenant Pays: Electricity, Janitorial Service, Taxes

Disclosures and Reports

Documents Avail.: Floor Plan
Property ID: 14331090320000

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Meet the listing agent

— 2228 N Lincoln Ave —

Nick Farnsworth

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Schools

Schools serving 2228 N Lincoln Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Lincoln Elementary School, Chicago, IL 615 West Kemper Place, Chicago, IL 60614	K-8	0.1 mi
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614	9-12	0.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2228 N Lincoln Ave

Date

Details

Price

Change

Source

12/18/2024

Sold

$1,000,000

-9.01%

MLS

6/14/2024

Price Reduced

$1,099,000

-8.42%

MLS

5/16/2024

Listed

$1,200,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Natalie Carpenter (773) 430-4869

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Beds
3
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2228 N Lincoln Avenue, Chicago, IL 60614 (MLS# 12057984) is a Commercial property that was sold at $1,000,000 on December 18, 2024. This property was listed by Nick Farnsworth from our Lincoln Park Office.Want to learn more about 2228 N Lincoln Avenue? Do you have questions about finding other Commercial real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.

2228 N Lincoln Ave Chicago, IL 60614