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$1,475,000
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Property Description
"Exceptional Mixed-Use Investment Opportunity in Lincoln Park" Rare opportunity to acquire a highly versatile, solid brick, corner property in the sought-after Lincoln Park/Lakeview area, offering tremendous upside potential for investors, owner-users, developers, and entrepreneurs....... The main level features a character-rich 2,700 sq ft restaurant and bar complete with a fireplace, dual bar areas, exposed brick interior, two restrooms, and a commercial kitchen area...... The second floor includes a spacious owner's apartment featuring one bedroom, a fireplace, full bathroom, in-unit laundry, and a private outdoor balcony. Also located on the second level are two additional residential units consisting of one 2-bedroom apartment and one non-conforming 1-bedroom apartment, providing excellent income-producing potential...... The unfinished basement offers abundant storage space and includes a walk-in cooler. Outside, the property features a detached two-plus-car garage and a private patio area that could be utilized for outdoor dining, entertaining, or additional off-street parking. The site has the potential to accommodate approximately 10-12 vehicles...... The building has approximately 5,500 square feet (without basement consideration) and is zoned M1-2, providing flexibility for a variety of commercial, industrial, and investment uses...... The entire property is currently vacant, allowing a new owner immediate flexibility to renovate, reposition, lease, or occupy...... Property is being sold "AS-IS"...... This is an outstanding opportunity in one of Chicago's most desirable and dynamic neighborhoods.
Full Property Details
Full Property Details for 2506 N Clybourn Ave
General
- Price: $1,475,000
- Taxes: $34,719 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12681126
- Updated: 6/25/2026
- Added to Site: 17 day(s) ago
Interior
- Interior Features: Basement
- Fireplace: Yes
- Number of Fireplaces: 2
- Flooring: Vinyl, Wood, Other
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Location
- Area: CHI - Lincoln Park
- County: Cook
- Township: North Chicago
- Driving Directions: Heading West on Fullerton go North on Clybourn Ave to 2506
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Block, Brick/Mortar, Stone
- Roof: Membrane, Rubber
- Sub-Flooring: Vinyl, Wood, Other
- Stories/Levels: 2
- Square Feet: 5,500
- # of Stores: 2
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 1
- Units w/Range/Oven: 3
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 10,000
- Lot Dimensions: 126 x 90 x 146 x 19
- Frontage: City Street
- Potential Use: Commercial, Multi-Family, Retail
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $2,400
- Operating Expenses: $41,000
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1900
- Tax Amount: $34,719
- Tax Year: 2024
- Pays Electric: 1000
Disclosures and Reports
- Property ID: 14304000020000
Listed by Hometown Real Estate Group LLC
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Schools
Schools serving 2506 N Clybourn Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Prescott Elementary School 1632 West Wrightwood Avenue, Chicago, IL 60614 | PK-8 | 0.2 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2506 N Clybourn Ave
Date
Details
Price
Change
Source
6/19/2026
Listed
$1,475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2506 N Clybourn Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$65,203
—
$178,742
-43%
2023
$65,203
3%
$315,000
—
2022
$63,524
836%
$315,000
—
2021
$6,789
-83%
$315,000
79%
2020
$39,157
461%
$175,773
-10%
2019
$6,984
2%
$195,304
—
2018
$6,879
-7%
$195,304
252%
2017
$7,366
-4%
$55,477
—
2016
$7,672
4%
$55,477
—
2015
$7,373
1%
$55,477
24%
2014
$7,310
—
$44,841
—
2013
$7,336
-15%
$44,841
-34%
2012
$8,600
—
$67,680
—
Disclaimer: Historical tax 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 2506 N Clybourn Ave
2506 N Clybourn Avenue, Chicago, IL 60614 (MLS# 12681126) is a Commercial property. 2506 N Clybourn Avenue is currently listed for $1,475,000 and was received on June 19, 2026. Want to learn more about 2506 N Clybourn 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.

