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Listed by Karen Biazarof North Clybourn Group, Inc.
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Est. payment | /mo
4,752 SqFt
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Est. payment | /mo
4,752 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,752 sqft
MLS Listing ID 12794285
Year Built 1995
Annual Tax Amount $31,978
Tax Year 2025
Lot Dimensions 24 x 123
Property Sub-Type Mixed Use
Property Description
Spectacular AAA renovated 4 story mixed-use commercial/residential building offers a turnkey opportunity to acquire a high performance asset on the confluence of Old Town and south Lincoln Park, just steps from Park West, Lincoln Park Zoo, the lakefront, and the dynamic Sedgwick and Armitage corridor. This prime pocket speaks strong fundamentals, affluent demographics, and strong consistent demand. Level 1 and 2 are occupied by a credit commercial tenant founded in 1855 under a corporate-guaranteed lease with CAM pass throughs, and annual escalations thru May 2030. Level 3 and 4 offer a 3 bedroom 2 bath bathroom residential penthouse duplex with multiple roof decks, sweeping urban views leased through April 2027. Offers additional revenue or owner-occupant flexibility. The entire building has been comprehensively remodeled, with condo-quality finishes throughout and significant capital improvements, including expansive rear and rooftop decks completed in 2023. Bookended by 4 car parking and RM-5 Zoning, this property supports numerous investment objectives including but not limited to a solid buy hold, 1031 exchange, hybrid user, or future adaptive reuse. Exceptional cash flow, extraordinary location, and diverse opportunity.
Location
State IL
County Cook
Interior
Cooling Central Air, Zoned
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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