About This Home

This 0-bedroom, 0-bathroom commercial at 3248 N LINCOLN Avenue in Chicago, IL is listed for $650,000. Built in 1931, on a 0.04 acres lot.

Key Features

  • Built in 1931
  • 0.04 acre lot
  • 2 stories

Property Details

2 stories
1931

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$3,476/mo

20% down · 6.5% · 30 years

Principal$470
Interest$2,817
Insurance$190

Estimates only. Actual payments may vary.

Location

3248 N LINCOLN Avenue

Chicago, IL 60657

Property Details

Construction

Brick

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 3248 N LINCOLN Avenue is listed at $650,000. The estimated monthly payment is $3,477 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1931, 0.04 acre lot, 2 stories.

This property is listed by Robert Munds.

RM

Robert Munds

Agent at Jameson Real Estate LLC

Listed by Jameson Real Estate LLC · Broker phone: (312) 335-3291 · View on Broker Site · Broker website

MLS# 12666947· Source: Midwest Real Estate Data, LLC· 124 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3248 N LINCOLN Avenue, Chicago, IL 60657

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