Properties

Features
: Central Air , Central Individual
: Wood
Address Map
US
IL
Cook
Chicago
60625
Lincoln
4754
Avenue
W88° 18' 42.4''
N41° 58' 4.4''
West on Lawrence, South on Lincoln Ave, property is on the right
CHI - Lincoln Square
CHI - Lincoln Square
N
N
Additional Information
: Brick
Service - 201 to 600 Amps
Service - 201 to 600 Amps
3100 sq ft
4
4
3
Compass
Geoffrey Zureikat
Financial
17696.48
Listing Information
844304
87291
MRED
Listing Information
Contingent
2026-06-18T02:27:03Z
2026-06-18T02:26:48Z
Property Description

*** Multiple Offers Received – Best and Finals Due Monday at 12pm *** Exceptional mixed-use 4 unit investment opportunity in the heart of Lincoln Square! Situated on one of Chicago’s most desirable commercial corridors, this fully occupied corner property features two oversized 3-bedroom apartments and two highly visible retail storefronts, creating a rare blend of stable income, future upside, and prime location. The retail component includes a prominent Lincoln Avenue storefront with a full basement and a long-term lease of $2550 escalating each year by $50 extending through 2028, along with a Western Avenue storefront occupied by a long-term tenant who is prepared to execute a new three-year lease. Above the retail spaces are two spacious residential units: a 3-bedroom, 1.5-bath apartment on the second floor renting for $2600 with a lease through 06/2027 and a 3-bedroom, 1-bath apartment on the third floor renting for $2400 with a lease until 07/2026. Both apartments feature central air conditioning, in-unit laundry, hardwood floors, and beautiful original woodwork that reflects the character and charm Lincoln Square is known for. The property also offers the potential to create a rooftop deck above the Western Avenue retail space. Currently zoned B3-3, the property’s lot and exceptional location may present future redevelopment potential, including a larger mixed-use or transit-oriented development (buyer to verify). The building is well-maintained, fully occupied, and generates immediate income, while the upcoming vacancy of the third-floor apartment in July 2026 provides a unique opportunity for an owner-occupant, value-add investor, or buyer looking to renovate and bring rents closer to market levels. Located within the highly sought-after Waters Elementary School attendance boundary, this property offers an added layer of appeal for future owner-occupants and tenants alike. Residents and tenants enjoy immediate access to some of Chicago’s most beloved restaurants, cafes, shops, and neighborhood destinations. Gene’s Sausage Shop & Delicatessen, Garcia’s, Barba Yianni, Willow Cafe, Potbelly, Lincoln Square Athletic Club, and OrangeTheory are all just steps away. Commuters will appreciate easy access to the Western Brown Line station, multiple CTA bus routes, and the convenience of living in one of Chicago’s most walkable and sought-after neighborhoods. Whether you’re seeking a strong long-term investment, an owner-occupied opportunity, or a strategic redevelopment play, 4754 N. Lincoln Avenue offers an outstanding combination of location, income, future potential, and an unbeatable Lincoln Square location. Listing agent is related to the owner and has financial interest in the property.

Commercial Sale For Sale

4754 N Lincoln Avenue, Chicago, Illinois 60625

$1,050,000
Listing ID#12675568
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12675568
Price : $1,050,000
Year Built : 1908
Listing Status : Active Under Contract
Property Sub Type : Mixed Use
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