Jordyn Meierotto
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
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.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1931
General Information
County: Cook
Listed By:
Jameson Sotheby's Intl Realty
312-751-0300
MRED MLS
MLS ID: 12666947
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3248 N Lincoln Avenue , Chicago, IL 60657.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $650,000 | $650,000 | $650,000 |
| Down Payment | $130,000 | $22,750 | $162,500 |
| Monthly Mortgage Amount | $3,118 | $3,878 | $4,016 |
| Taxes | $905 | $905 | $905 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $286 | $0 |
| Monthly Estimated Total | $4,213 | $5,259 | $5,111 |
Jordyn Meierotto
REALTOR®
Cell: (319) 371-4167
Licensed in IA
Burlington Office
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(319) 752-9933
Suite 105
West Burlington, IA 52655
(319) 752-9933
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