2942 North Lincoln Avenue is an 8 unit mixed-use building located in the popular Lakeview neighborhood of Chicago. The unit mix includes six large 3 bedroom/2 bath apartments, and two ground floor commercial spaces currently occupied by Las Tablas, Chicago’s premiere Colombian steak house. All six of the apartments feature stainless steel appliances, cherry cabinets, granite countertops, in-unit laundry, as well as private balconies.
The property is situated on west side of North Lincoln Avenue, and just southeast of the 6-way intersection of Lincoln, Southport, and Wellington. The property is conveniently located approximately 1/2 mile from the Diversey “L” Station, which provides access to the Brown and Purple lines to Chicago’s Loop.
2942 North Lincoln Avenue sits in a prime location in Lakeview as the property is close to public transportation, as well as an endless stream of restaurants, bars, and eclectic stores.. This property provides an investor with a prime opportunity to obtain a renovated and stable property in a great neighborhood with a large and consistent rental market.
- Sold at 12 GRM on Current SGI
- Mixed-use investment property
- Six large 3 bed/2 bath units with high-end finishes
- Popular restaurant Las Tablas, occupies both commercial spaces on entire first floor with under market rent