338 W Armitage Avenue Chicago, IL $ 2,250,000
338 W Armitage Avenue
$ 2,250,000
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338 W Armitage Avenue

Chicago, IL, 60614
$ 2,250,000
Bedrooms-- Baths--

Monthly Estimate*

$ 15,540

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Commercial Property for sale in Chicago, IL

for $2,250,000. This building was built in 1878.

Discover a distinctive blend of character, space, and versatility in this exceptional 6-bedroom, 4.5-bathroom mixed-use property in the heart of Lincoln Park suitable for an owner occupant who wants nearly 7,500 in income to off set mortgage, an investor looking for a steady return in Chicago's Lincoln Park, or a savvy developer for AirBnb or other use cases. This unique asset features a street-level commercial space Restaurant lease is 5,500 expires 2/1/28, a spacious main residence, a coach house, and a three-car garage. The primary residence is a triplex with rich hardwood floors, two cozy fireplaces, and oversized windows create a warm, light-filled living room that flows into a formal dining room and a well-appointed kitchen with built-in cabinetry and stainless steel appliances including a La Corneu oven blending it's historical woodwork and carpentry with modern finishes. A powder room and spacious study complete the main level. The second floor offers a spacious primary suite with a fireplace and en-suite bath, along with two additional bedrooms and a full bath. Upstairs, two more bedrooms, a full bath, and a generous family room open onto a balcony with a beautiful rooftop terrace with an additional fireplace. Off the main living level a beautiful courtyard (complete with a built in fourth fireplace) connects to the coach house, featuring its own kitchenette, bedroom, full bath, and sitting room. Multiple outdoor spaces add to the appeal. Ideally located near Lincoln Park Zoo, North Avenue Beach, neighborhood restaurants, cafes, boutique shopping, and public transportation, this is a rare opportunity to own a versatile property in one of Chicago's most sought-after neighborhoods. Restaurant lease is 5,500 expires 2/1/28

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Commercial Active

Price

$ 2,250,000

Property Type

Commercial

Taxes

$ 38,830

Style

Year Built

1878

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12796495

Features
General
Cooling Central Air
Zoning OTHER
Construction Materials Stucco Combination
Year Built 1878
Electric Circuit Breakers
Stories Count 4
Property Subtype Mixed Use
Tax Year 2025
Gross Income 193200
County Cook
Insurance Expense 5000
Property Type Commercial Sale Mixed Use
Status Active
Directions Clark to Armitage West to address
City Chicago
Number Of Units Total 3
MLS Area CHI - Lincoln Park
Lot Size Square Feet 0
Tax Annual Amount 38830.86
Electric Expense 700
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1500
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/9674d8e9-074b-4dd3-9f2a-a307ac3ed310?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Active
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Interior
Total Fireplaces 4
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Exterior
Lot Dimensions COMMON
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* Excluded Features
List By
Compass

Broker

ben.lalez@compass.com;Ben@BenLalezTeam.com

Email

Affordability Calculator

$18,776
Per Month
83%
17%
0%
Monthly Principal & Interest
$15,540
Monthly Property Taxes
$3,236
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
11/4/2026$2,250,000 Listed Price

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338 W Armitage Avenue, Chicago, IL, 60614 is a Commercial Property for sale at $2,250,000. 338 W Armitage Avenue was built in 1878. The property's zip code is 60614 which is in Chicago, IL