RARELY Available Mixed-Use Building the the HIGHLY Desirable Lincoln Park Triangle/DePaul Corridor. The property is comprised of three (3) full-floor 3Bd/2Ba apartment units and one (1) duplex commercial space. 2636 N. Lincoln Ave. provides an investor with a true turn-key investment opportunity in the heart of Lincoln Park, Chicago's most iconic neighborhood. The Property was recently de-converted in 2016. The owner replaced all building mechanical's, windows, steel porches and installed a new roof layer in 2015. All three apartments have been extensively rehabbed with new kitchens, bathrooms, cabinetry, and flooring. The commercial space has also received cosmetic updates in preparation for the new tenant. A five (5) year retail lease was executed in January 2017 at $20.75/SF with 3% annual bumps. The lease term began in 3/1/2017 and has two, five (5) year options to extend. The apartments rents are below market providing tremendous upside. Request OM for full details.
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Listing information last updated on November 15th, 2019 at 9:51am CST.