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4754 N Lincoln AVE Chicago, IL 60625
6 Beds
5 Baths
Open House
Sat Jun 13, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12673622
Bedrooms 6
Maintenance Fees $8,620
Year Built 1908
Annual Tax Amount $17,696
Tax Year 2024
Lot Dimensions 3100 sq ft
Property Sub-Type Two to Four Units
Property Description
Exceptional mixed-use 4 unit investment opportunity in the heart of Lincoln Square! Situated on one of Chicago's most desirable commercial corridors, this fully occupied corner property features two oversized 3-bedroom apartments and two highly visible retail storefronts, creating a rare blend of stable income, future upside, and prime location. The retail component includes a prominent Lincoln Avenue storefront with a full basement and a long-term lease of $2550 escalating each year by $50 extending through 2028, along with a Western Avenue storefront occupied by a long-term tenant who is prepared to execute a new three-year lease. Above the retail spaces are two spacious residential units: a 3-bedroom, 1.5-bath apartment on the second floor renting for $2600 with a lease through 06/2027 and a 3-bedroom, 1-bath apartment on the third floor renting for $2400 with a lease until 07/2026. Both apartments feature central air conditioning, in-unit laundry, hardwood floors, and beautiful original woodwork that reflects the character and charm Lincoln Square is known for. The property also offers the potential to create a rooftop deck above the Western Avenue retail space. Currently zoned B3-3, the property's lot and exceptional location may present future redevelopment potential, including a larger mixed-use or transit-oriented development (buyer to verify). The building is well-maintained, fully occupied, and generates immediate income, while the upcoming vacancy of the third-floor apartment in July 2026 provides a unique opportunity for an owner-occupant, value-add investor, or buyer looking to renovate and bring rents closer to market levels. Located within the highly sought-after Waters Elementary School attendance boundary, this property offers an added layer of appeal for future owner-occupants and tenants alike. Residents and tenants enjoy immediate access to some of Chicago's most beloved restaurants, cafes, shops, and neighborhood destinations. Gene's Sausage Shop & Delicatessen, Garcia's, Barba Yianni, Willow Cafe, Potbelly, Lincoln Square Athletic Club, and OrangeTheory are all just steps away. Commuters will appreciate easy access to the Western Brown Line station, multiple CTA bus routes, and the convenience of living in one of Chicago's most walkable and sought-after neighborhoods. Whether you're seeking a strong long-term investment, an owner-occupied opportunity, or a strategic redevelopment play, 4754 N. Lincoln Avenue offers an outstanding combination of location, income, future potential, and an unbeatable Lincoln Square location. Listing agent is related to the owner and has financial interest in the property.
Location
State IL
County Cook
Area Chi - Lincoln Square
Zoning OTHER
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Roof Type Flat
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Waters Elementary School
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany, Probate Listing
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Geoffrey Zureikat of Compass