Contact us: 563.441.1776
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.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1931
General Information
County: Cook
Listed By:
Jameson Sotheby's Intl Realty
312-751-0300
MRED MLS
MLS ID: 12666947
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3248 N Lincoln Avenue , Chicago, IL 60657.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $650,000 | $650,000 | $650,000 |
| Down Payment | $130,000 | $22,750 | $162,500 |
| Monthly Mortgage Amount | $3,118 | $3,878 | $4,016 |
| Taxes | $905 | $905 | $905 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $286 | $0 |
| Monthly Estimated Total | $4,213 | $5,259 | $5,111 |
Disclaimer:
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 consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/27/2026. The listing information on this page last changed on 06/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 06/27/2026 12:23:32 AM EST) or MRED MLS (last updated Sat 06/27/2026 12:19:12 AM EST) or SCWMLS (last updated Fri 06/26/2026 11:54:56 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 06/26/2026 10:16:32 PM EST) or Cedar Rapids MLS (last updated Fri 06/26/2026 10:44:17 PM EST) or NEIRBR MLS (last updated Sat 06/27/2026 12:18:42 AM EST) or ICAAR MLS (last updated Fri 06/26/2026 11:37:34 PM EST) or ECIMLS (last updated Fri 06/26/2026 11:44:13 PM EST) or RMLSA (last updated Sat 06/27/2026 12:20:57 AM EST) or Muscatine MLS (last updated Sat 06/27/2026 12:15:09 AM EST) or No Coast MLS (last updated Sat 06/27/2026 12:14:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. 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.
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