Property Attributes
- MLS#12666947
- TypeCommercial
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Lake View
- NeighborhoodLake View
- Zip60657
- Style
- Year Built1931
- Taxes$ 14669
- Price$ 650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3050
- Lot Size0.04247 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
| Price History | |
|---|---|
| 6/25/2026 | Listed $650,000 |
General Features
| 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 |
| 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 |
| Trash Expense | 2820 |
| Water Sewer Expense | 2220 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://smartfloorplan.com/adminka/public/api/shell/v512230/photos/idx |
| Lease Type | Modified Gross |
| Standard Status | Active |
| Property Type | Mixed Use |
Exterior Features
| Building Area Total | 3050 |
|---|---|
| Lot Dimensions | 25X76x29x61 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating