Essex Realty Group, Inc. is pleased to announce the sale of 4600 N. Lincoln Ave., a 27-unit mixed-use apartment building located in Chicago’s vibrant Lincoln Square Neighborhood.
The building is comprised of five (5) studio units, seventeen (17) one bedroom/one bath units, and two (2) two bedroom/one bath units. The property also features 5,890 square feet of retail space occupied by three (3) commercial tenants: Quality Optical, Inc.; You and Co. Nail Salon; and Fork, a critically acclaimed restaurant. The units feature predominately laminate countertops, white kitchen appliances, shared laundry, hardwood and tile flooring, and radiator heating.
The Lincoln Square neighborhood is located on the north side of Chicago. Greater Lincoln Square encompasses the smaller neighborhoods of Ravenswood Gardens, Ravenswood Manor, Bowmanville, and Budlong Woods. The area has seen tremendous growth in the past decade as evidenced by much of the retail development along Lincoln, Damen and Lawrence Avenues. In many ways, Lincoln Square is a small town within the city. Lincoln Square is also home to Chicago’s Annual “Chicago Folk & Roots” music festival and the “German-American Fest”, among a variety of other more locally known festivals.
The property is centrally located within the neighborhood and benefits from the convenience of nearby retail on Lincoln and Wilson Avenues. Also located steps from several bus stops on Western, Montrose, and Lawrence Avenues and less than 0.2 miles from the nearby Western Brown Line CTA (L) stop
- Sold for First Time in More Than 20 years
- Premier Lincoln Square Location
- Sold CAP: 5.58%
- Sold GRM: 11.06