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.
Property Details
Price:
$650,000
MLS #:
MRD12666947
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chilakeview
Listed Date:
Jun 25, 2026
Total Sq Ft:
3,050
Year Built:
1931
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2024
Taxes
$14,669
Map
Community
- Address3248 N LINCOLN Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60657
Market Summary
Current real estate data for Commercial in Chicago as of Oct 07, 2026
887
Commercial Listed
185
Avg DOM
$1,022,243
Avg List Price
Property Summary
- 3248 N LINCOLN Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60657. It is listed for $650,000
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Copyright 2026. All rights reserved.
3248 N LINCOLN Avenue
Chicago, IL


