2506 N Clybourn Avenue
Chicago, IL, 60614 $ 1,475,000
Bedrooms-- Baths-- Sq 5,500 Monthly Estimate*
$ 9,082
for $1,475,000. This 5,500 square foot building was built in 1900 on a lot size of 0.229568.
"Exceptional Mixed-Use Investment Opportunity in Lincoln Park" Rare opportunity to acquire a highly versatile, solid brick, corner property in the sought-after Lincoln Park/Lakeview area, offering tremendous upside potential for investors, owner-users, developers, and entrepreneurs....... The main level features a character-rich 2,700 sq ft restaurant and bar complete with a fireplace, dual bar areas, exposed brick interior, two restrooms, and a commercial kitchen area...... The second floor includes a spacious owner's apartment featuring one bedroom, a fireplace, full bathroom, in-unit laundry, and a private outdoor balcony. Also located on the second level are two additional residential units consisting of one 2-bedroom apartment and one non-conforming 1-bedroom apartment, providing excellent income-producing potential...... The unfinished basement offers abundant storage space and includes a walk-in cooler. Outside, the property features a detached two-plus-car garage and a private patio area that could be utilized for outdoor dining, entertaining, or additional off-street parking. The site has the potential to accommodate approximately 10-12 vehicles...... The building has approximately 5,500 square feet (without basement consideration) and is zoned M1-2, providing flexibility for a variety of commercial, industrial, and investment uses...... The entire property is currently vacant, allowing a new owner immediate flexibility to renovate, reposition, lease, or occupy...... Property is being sold "AS-IS"...... This is an outstanding opportunity in one of Chicago's most desirable and dynamic neighborhoods.
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FeaturesGeneralCooling Central Air Window Unit(s)
Utilities Electric to Site Natural Gas Available Water Available
Possession Closing
Roof Membrane Rubber
Zoning COMMR
Construction Materials Brick
Year Built 1900
Electric Circuit Breakers Service - 101 to 200 Amps
Stories Count 2
Township North Chicago
Tax Year 2024
Gross Income 2400
County Cook
Net Operating Income 2400
Operating Expense 41000
Insurance Expense 2400
Property Type Commercial Sale Mixed Use
Possible Use Commercial Multi-Family Retail
Status New
Directions Heading West on Fullerton go North on Clybourn Ave to 2506
City Chicago
Number Of Units Total 4
MLS Area CHI - Lincoln Park
Lot Size Square Feet 10000
Tax Annual Amount 34719
Electric Expense 1000
Fuel Expense 1800
Trash Expense 0
Water Sewer Expense 800
Additional Parcels Y/N N
Standard Status Active
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InteriorFlooring Vinyl Wood Other
Total Fireplaces 2
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ExteriorWater Source Municipal Water
Foundation Details Block Brick/Mortar Stone
Building Area Total 5500
Lot Dimensions 126X90X146X19
Frontage Type City Street
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* Excluded FeaturesList ByHometown Real Estate Group LlcBroker
brian.costello@gabachiefmedical.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,082
- Monthly Property Taxes
- $2,893
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $942,954
Percent of Sale Price 36%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/19/2026 | $1,475,000 | | Listed Price |