For Sale

Listed by Geoffrey Zureikat

Source: Midwest Real Estate Data, LLC #12673622

4754 North Lincoln Avenue, Chicago, IL, 60625

$1,050,000

6
5

MultiFam

5 days on the market

What's around 4754 North Lincoln Avenue

About this property

*** Multiple Offers Received - Best and Finals Due Monday at 12pm *** Exceptional mixed-use 4 unit investment opportunity in the heart of Lincoln Square! Situated on one of Chicago's most desirable commercial corridors, this fully occupied corner property features two oversized 3-bedroom apartments and two highly visible retail storefronts, creating a rare blend of stable income, future upside, and prime location. The retail component includes a prominent Lincoln Avenue storefront with a full basement and a long-term lease of $2550 escalating each year by $50 extending through 2028, along with a Western Avenue storefront occupied by a long-term tenant who is prepared to execute a new three-year lease. Above the retail spaces are two spacious residential units: a 3-bedroom, 1.5-bath apartment on the second floor renting for $2600 with a lease through 06/2027 and a 3-bedroom, 1-bath apartment on the third floor renting for $2400 with a lease until 07/2026. Both apartments feature central air conditioning, in-unit laundry, hardwood floors, and beautiful original woodwork that reflects the character and charm Lincoln Square is known for. The property also offers the potential to create a rooftop deck above the Western Avenue retail space. Currently zoned B3-3, the property's lot and exceptional location may present future redevelopment potential, including a larger mixed-use or transit-oriented development (buyer to verify). The building is well-maintained, fully occupied, and generates immediate income, while the upcoming vacancy of the third-floor apartment in July 2026 provides a unique opportunity for an owner-occupant, value-add investor, or buyer looking to renovate and bring rents closer to market levels. Located within the highly sought-after Waters Elementary School attendance boundary, this property offers an added layer of appeal for future owner-occupants and tenants alike. Residents and tenants enjoy immediate access to some of Chicago's most beloved restaurants, cafes, shops, and neighborhood destinations. Gene's Sausage Shop & Delicatessen, Garcia's, Barba Yianni, Willow Cafe, Potbelly, Lincoln Square Athletic Club, and OrangeTheory are all just steps away. Commuters will appreciate easy access to the Western Brown Line station, multiple CTA bus routes, and the convenience of living in one of Chicago's most walkable and sought-after neighborhoods. Whether you're seeking a strong long-term investment, an owner-occupied opportunity, or a strategic redevelopment play, 4754 N. Lincoln Avenue offers an outstanding combination of location, income, future potential, and an unbeatable Lincoln Square location. Listing agent is related to the owner and has financial interest in the property.

Looking for more information on 4754 North Lincoln Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

Under Contract
$545,000
4833 North Troy Street
Chicago IL 60625
6
2
4
Multi-Family
Listing courtesy of Century 21 Realty Associates
Under Contract
$950,000
2541 W Argyle St
Chicago IL 60625
6
3
2
Multi-Family
Listing courtesy of Baird & Warner
Under Contract
$499,999
4439 North Whipple Street
Chicago IL 60625
6
2
2
Multi-Family
Listing courtesy of Hometown Real Estate

Other properties for sale by Compass

For Sale
$815,000
2/1445 North Mohawk Street
Chicago IL 60610
3
3
Condo
Listing courtesy of Compass
For Sale
$700,000
203/1470 W Winona St
Chicago IL 60640
2
2
1
Condo
Listing courtesy of Compass
For Sale
$499,500
303/437 West Division Street
Chicago IL 60610
2
2
1
Condo
Listing courtesy of Compass

Browse properties sold in nearby areas

Based on information submitted to the MLS GRID as of 12 Jun 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent