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2228 N Lincoln Avenue, Chicago, IL 60614
$1,200,000
2228 N Lincoln Avenue, Chicago, IL 60614View this property at 2228 N Lincoln Avenue, Chicago, IL 60614
2228 N Lincoln AvenueChicagoIL60614
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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 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.
Full Property Details
Full Property Details for 2228 N Lincoln Ave
General
- Price: $1,200,000
- Taxes: $33,025 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12057984
- Updated: 5/22/2024
- Added to Site: 22 day(s) ago
Interior
- Interior Features: Skylight(s), Storage Inside, Laundry Room
- Fireplace: Yes
- Number of Fireplaces: 2
- 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
- Township: North Chicago
- 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
- Trash: 7800
- 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
- Insurance Fee: $2,500
- Other Fee: $6,000
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1886
- Tax Amount: $33,025
- Tax Year: 2022
- Tenant Pays: Electricity, Janitorial Service, Taxes
- Pays Electric: 7200
- Pays Trash: 7800
Disclosures and Reports
- Documents Avail.: Floor Plan
- Property ID: 14331090320000
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Schools
Schools serving 2228 N Lincoln Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
615 W Kemper Pl, Chicago, IL 60614 | PK-8 | 0.1 mi | |
2001 N Orchard St, Chicago, IL 60614 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
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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
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.
Estimate the Cost
Estimate the Cost for 2228 N Lincoln Ave
2228 N Lincoln Avenue, Chicago, IL 60614 (MLS# 12057984) is a Commercial property. 2228 N Lincoln Avenue is currently listed for $1,200,000 and was received on May 16, 2024. This property is 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.