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$650,000

  • For Sale
  • Active
  • Commercial
  • 3,050 Sq. Ft.
See This Home
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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.

Full Property Details for 3248 N Lincoln Ave

General

  • Price: $650,000
  • Taxes: $14,669 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12666947

Additional Information

  • Security/Safety: Smoke or Fire Protectors

Location

  • Area: CHI - Lake View
  • County: Cook
  • Driving Directions: HALF BLOCK NORTH OF BELMONT/ASHLAND ON LINCOLN
  • Location Details: Chicago North

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Utilities

  • Trash: 2820

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 2
  • Square Feet: 3,050
  • # of Stores: 1
  • Year Built: 1931
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 2

Lot Features

  • Lot Size (Sq. Ft.): 1,850
  • Lot Dimensions: 25 x 76 x 29 x 61
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Insurance Fee: $5,800
  • Security Deposit: Smoke or Fire Protectors
  • Assessment Year: 1931
  • Tax Amount: $14,669.05
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Scavenger, Sewer, Trash Collection
  • Pays Trash: 2820

Disclosures and Reports

  • Floor Plans: Yes
  • Property ID: 14194300170000

Listed by Jameson Sotheby's Intl Realty

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Listing agent

— 3248 N Lincoln Ave —

  • Jameson Sotheby's Intl Realty

(312) 399-9841

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3248 N Lincoln Ave

School District:Chicago Public School District 299
NameGradesDistance
Burley Elementary School
1630 West Barry Avenue, Chicago, IL 60657
K-80.2 mi
Lake View High School
4015 North Ashland Avenue, Chicago, IL 60613
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 3248 N Lincoln Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,397
—
$71,119
35%
2023
$11,397
3%
$52,517
—
2022
$11,104
2%
$52,517
—
2021
$10,849
-19%
$52,517
-11%
2020
$13,442
—
$58,752
-10%
2019
$13,491
2%
$65,281
—
2018
$13,264
44%
$65,281
57%
2017
$9,242
7%
$41,703
—
2016
$8,612
9%
$41,703
—
2015
$7,896
19%
$41,703
20%
2014
$6,661
2%
$34,660
—
2013
$6,534
1%
$34,660
—
2012
$6,463
—
$34,660
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Jameson Sotheby's Intl Realty

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3248 N Lincoln Avenue, Chicago, IL 60657 (MLS# 12666947) is a Commercial property. 3248 N Lincoln Avenue is currently listed for $650,000 and was received on June 25, 2026. Want to learn more about 3248 N Lincoln Avenue? Do you have questions about finding other Commercial real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.

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