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3248 N LINCOLN Avenue Chicago, IL $ 650,000
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3248 N LINCOLN Avenue
$ 650,000
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3248 N LINCOLN Avenue

Chicago, IL, 60657
$ 650,000
Bedrooms-- Baths-- Sq 3,050
3248 N LINCOLN Avenue, Chicago, IL 60657 - Image 1
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Property for Rent in Chicago, IL

for $650,000. This 3,050 square foot property was built in 1931 on a lot size of 0.04247.

Rare mixed-use investment opportunity in the heart of Lakeview. Solid brick building featuring a ground-floor restaurant space with a lease in place through October 2027, providing stable income. The second-floor apartment offers 2 bedrooms, 1 bath, an updated kitchen and bath, spacious living room, and separate dining room. Zoned B1-3, offering long-term redevelopment and value-add potential. Residential tenant is month-to-month. Property is being sold in as-is condition and must be purchased together with 1630 W. Melrose. Excellent opportunity for investors, developers, or owner-users seeking a prime Lincoln Avenue location. Unfinished basement.

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Rental Active

Price

$ 650,000

Taxes

$ 14,669

Style

Lot Size

0.04247

Year Built

1931

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12666947
Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1931
Electric Service - 0 to 100 Amps
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Taxes Scavenger Sewer Trash Collection
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 68820
County Cook
Insurance Expense 5800
Property Type Commercial Sale Mixed Use
Status Active
Directions HALF BLOCK NORTH OF BELMONT/ASHLAND ON LINCOLN
City Chicago
Number Of Units Total 2
MLS Area CHI - Lake View
Lot Size Square Feet 1850
Tax Annual Amount 14669.05
Electric Expense 0
Fuel Expense 0
Trash Expense 1440
Water Sewer Expense 2220
Additional Parcels Y/N N
Virtual Tour https://smartfloorplan.com/adminka/public/api/shell/v512230/photos/idx
Lease Type Modified Gross
Standard Status Active
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Exterior
Building Area Total 3050
Lot Dimensions 25X76x29x61
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* Excluded Features
List By
Jameson Sotheby's Intl Realty

Broker

rmunds@jamesonsir.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/25/2026$650,000 Listed Price

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3248 N LINCOLN Avenue, Chicago, IL, 60657 is a Property for Rent at $650,000 with 3,050 sqft and a lot size of 0.04247. 3248 N LINCOLN Avenue was built in 1931. The property's zip code is 60657 which is in Chicago, IL

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