2228 North Lincoln Avenue

Chicago, IL 60614

$1,200,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Nicholas Farnsworth • Coldwell Banker Realty
  2. Listed by Nereida Arzola • Coldwell Banker Realty

Property Details for 2228 North Lincoln Avenue

Area
CHI - Lincoln Park
Township
North Chicago
Num of Interior Fireplaces
2
Zoning
COMMR

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute
LISTING UPDATED: 05/23/2024 06:46 PM

Property Details for 2228 North Lincoln Avenue

StatusActive
MLS #12057984
Days on Market21
Taxes$33,025 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1886
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 2228 North Lincoln Avenue

Stories-Residences3Year Built1886Lot Size0.07 AC / 3,125 SF

Payment Calculator

$9,301 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$2,752

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2228 North Lincoln Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces,Fenced,Secured,Parking On-Site
  • Open Parking Spaces: 4.0
Location and General Information
  • Frontage Type: City Street, Public Road
  • Geographic Locale: Chicago North
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual, Partial, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Flooring: Carpet, Tile, Varies, Wood
  • # Of Washers: 1
  • Heat/Ventilation: Central Bldg Heat,Wall Unit
  • # Of Window/Ac: 0
  • # Of Refrigerators: 1
  • Washer/Dryer Lsd: No
  • Misc Inside: Skylight/s,Storage Inside,Laundry Room
  • # Of Dryers: 1
  • # Of Dishwashers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
  • Misc Outside: Sun Deck
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Janitorial Service, Taxes
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 3125.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Reflective Coating, Rubber
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • # Of Offices: 1
  • Retail SqFt: 1345
  • # Of Ranges: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Retail
  • Documents Available: Floor Plan
  • Public Document Count: 4
  • Document Date: 2024-05-16T16:47:11
  • Photos Count: 18
Miscellaneous
  • Current Use: Commercial
  • Location: Mixed Use Area,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $7,200.00
  • Fuel Expense: $4,800.00
  • Gross Income: $108,400.00
  • Gross Scheduled Income: $74,400.00
  • Insurance Expense: $2,500.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: Option to Lease,Option to Purchase
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 9033
  • Water Expense Source: Owner Projection
  • Other Expense: $6,000.00
  • Trash Expense: $7,800.00
  • Water Sewer Expense: $7,800.00

Property History for 2228 North Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2228 North Lincoln Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 8
Public - K to 8
Rating
School
Distance
Lincoln Elementary School
PublicK to 8

Lincoln Park High School
Public9 to 12

Lasalle Elementary Language Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2228 North Lincoln Avenue is a mixed use property for sale in Chicago, IL 60614. This property was listed for sale on May 16, 2024 by Coldwell Banker Realty, it's currently listed at $1,200,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Lincoln Elementary School, Lincoln Park High School and Newberry Elementary Math & Science Academy. 2228 North Lincoln Avenue is a 0-bed, 0-bath, mixed use property built in 1886.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/23/2024 06:46 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.