Rarely available is a fully stabilized mixed-use property at 2636 N. Lincoln Avenue, delivering an immediate 6.5 cap rate in Chicago's premier Lincoln Park neighborhood. This exceptional 9,910-square-foot building features three luxury apartments and ground-floor retail space leased to a law firm, with a brand-new 5-year lease that includes annual increases. With a clear path to a 7.0 cap rate by simply bringing Units 3 and 4 to current market rents, no renovation needed. Eight dedicated parking spaces provide additional value in this high-demand location. Comprehensively updated in 2016, this turnkey property offers both stable income and appreciation potential in a high-barrier-to-entry market. Just steps from the Diversey CTA Station, Fresh Market, Trader Joe's, and more, elevate your portfolio with this premium asset in one of Chicago's most affluent neighborhoods. This is truly one of a kinda investment, with every neighborhood amenity at your fingertips!

Listing Courtesy of MRED as distributed by MLS Grid of Jameson Sotheby's Intl Realty



Based on information submitted to the MLS GRID as of 2025-05-09 02:00 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-05-09 02:00 PM UTC
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