5051 N Lincoln AVE, Chicago, IL 60625
5051 N Lincoln AVE, Chicago, IL 60625
5051 N Lincoln AVE, Chicago, IL 60625
26
$645,000
$694,000
7.1%
Est.Price: ?

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2,950 SqFt

5051 N Lincoln AVE Chicago, IL 60625

Est. payment /mo
SOLD DATE : 10/27/2026

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Key Details

Sold Price $645,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,950 sqft

Price per Sqft $218

MLS Listing ID 12711405

Sold Date 10/27/26

Year Built 1906

Annual Tax Amount $12,187

Tax Year 2024

Lot Dimensions 25 X 140

Property Sub-Type Mixed Use

Property Description

Exceptional mixed-use investment opportunity in the heart of Chicago's highly desirable Lincoln Square neighborhood! Located at 5051 N. Lincoln Ave., this versatile property features a prominent street-facing storefront/office space, making it ideal for an owner-user, small business, or income-producing commercial tenant. The residential component includes a cozy 2-bed/ 1-bath apartment on the first floor and a well-appointed spacious 2-bed/ 1-bath apartment on the second floor, offering excellent rental income potential or flexible owner-occupancy options. The full-length basement spans the entire footprint of the building and features shared laundry with a washer and dryer, abundant storage space, and endless possibilities for additional utility or workspace. Outside, enjoy a large private backyard with a generous patio area-perfect for entertaining, relaxing, or outdoor gatherings. The property is complete with a detached two-car garage, providing valuable off-street parking, additional storage and potential rental income. Situated on bustling Lincoln Avenue, this property offers outstanding visibility and is just steps from Lincoln Square's renowned restaurants, cafes, boutique shopping, parks, and public transportation. Whether you're an investor seeking strong income potential or an owner looking for the perfect live/work opportunity, this unique property offers exceptional versatility, multiple income streams, and an unbeatable location in one of Chicago's most sought-after neighborhoods.

Location

State IL

County Cook

Area Chi - Lincoln Square

Zoning COMMR

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Peter Faehnrich of  Charles Rutenberg Realty 
Bought with Lily Hosseini of Baird & Warner

Nearby Schools & Businesses

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