Well-maintained mixed-use or (live-work opportunity) in Lincoln Park offering immediate income with long-term flexibility. The property generates approximately $5,000 per month in gross income ($60,000 annually) Roughly a 5.7 CAP. The second floor features a fully remodeled designer one-bedroom apartment leased at $1,800/month, with in-unit washer and dryer. The lease runs through the end of May, providing near-term flexibility The ground-floor commercial space offers strong visibility along Ashland Avenue and is suitable for office, retail, or studio use. Major capital improvements already completed: Two furnaces, both under one year old Roof and siding approximately four years old Updated electrical Separate systems improve operating efficiency and risk profile This asset is well-positioned for: An investor targeting stable mixed-use cash flow in a core neighborhood A live-work buyer wanting long-term flexibility in a high-demand corridor Strong location, meaningful recent upgrades, and clear income make this a clean, financeable mixed-use opportunity.

Listing Courtesy of MRED as distributed by MLS Grid of Kale Realty



Based on information submitted to the MLS GRID as of 2026-02-27 01:17 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: 2026-02-27 01:17 PM UTC
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