5051 N Lincoln Avenue Chicago, IL $ 775,000
5051 N Lincoln Avenue
$ 775,000
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5051 N Lincoln Avenue

Chicago, IL, 60625
$ 775,000
Bedrooms-- Baths-- Sq 2,950

Monthly Estimate*

$ 4,893

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Commercial Property for sale in Chicago, IL

for $775,000. This 2,950 square foot building was built in 1906 on a lot size of 0.080349.

Exceptional mixed-use investment opportunity in the heart of Chicago's highly desirable Lincoln Square neighborhood! Located at 5051 N. Lincoln Ave., this versatile property features a prominent street-facing storefront/office space, making it ideal for an owner-user, small business, or income-producing commercial tenant. The residential component includes a cozy 2-bed/ 1-bath apartment on the first floor and a well-appointed spacious 2-bed/ 1-bath apartment on the second floor, offering excellent rental income potential or flexible owner-occupancy options. The full-length basement spans the entire footprint of the building and features shared laundry with a washer and dryer, abundant storage space, and endless possibilities for additional utility or workspace. Outside, enjoy a large private backyard with a generous patio area-perfect for entertaining, relaxing, or outdoor gatherings. The property is complete with a detached two-car garage, providing valuable off-street parking, additional storage and potential rental income. Situated on bustling Lincoln Avenue, this property offers outstanding visibility and is just steps from Lincoln Square's renowned restaurants, cafes, boutique shopping, parks, and public transportation. Whether you're an investor seeking strong income potential or an owner looking for the perfect live/work opportunity, this unique property offers exceptional versatility, multiple income streams, and an unbeatable location in one of Chicago's most sought-after neighborhoods.

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Commercial Active

Price

$ 775,000

Property Type

Commercial

Taxes

$ 12,187

Style

Lot Size

0.080349

Year Built

1906

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12696501

Features
General
Cooling Central Air Window Unit(s)
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1906
Electric Circuit Breakers Separate Meters
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions Lincoln Ave north of Winnemac
City Chicago
Number Of Units Total 3
MLS Area CHI - Lincoln Square
Lot Size Square Feet 3500
Tax Annual Amount 12187
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 2950
Lot Dimensions 25 X 140
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* Excluded Features
List By
Charles Rutenberg Realty

Broker

pjfaehns@gmail.com

Email

Affordability Calculator

$5,909
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,893
Monthly Property Taxes
$1,016
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/7/2026$775,000 Listed Price

Map


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5051 N Lincoln Avenue, Chicago, IL, 60625 is a Commercial Property for sale at $775,000 with 2,950 sqft and a lot size of 0.080349. 5051 N Lincoln Avenue was built in 1906. The property's zip code is 60625 which is in Chicago, IL