4128 Lincoln AveChicago, IL 60618

  • Residential income homes
  • 2,685 SF
For Sale
$175,000 View listing

Property Details for 4128 Lincoln Ave

Year built
1932
Construction
FRAME
Lot size
0.09 AC
Property size (Sq ft)
2,685 SF
Property type
Residential income homes
Property subtype
Small apartment buildings
APN
14-18-321-054
APU
1418321054

Description

This thriving 1,600-square-foot bar and restaurant is located in Chicago's desirable North Center neighborhood at 4128 N Lincoln Ave, zip code 60618, Cook County, Illinois. Built in 1898 and extensively renovated in 2019, this single-tenant property boasts a prominent corner location with two expansive outdoor areas, perfect for expanding seating capacity. The fully equipped commercial kitchen supports daily operations and caters to private events. The interior comfortably accommodates regular service and offers additional space for private functions and gatherings. The sale includes the assignment of a favorable net lease, a transfer of the business entity holding all licenses, and all existing furniture, fixtures, and equipment (FF&E). The property sits on a 5,297-square-foot lot and is zoned B3-2. The asking price is $175,000, translating to $109.38 per square foot. This well-maintained establishment is situated in a vibrant, family-friendly neighborhood known for its tree-lined streets, diverse housing options, and a mix of local businesses and entertainment venues along Lincoln Avenue and Irving Park Road. The area offers a strong residential base and a lively atmosphere, creating a robust customer base for this turnkey opportunity. This is an exceptional owner/user investment opportunity with a business sale and lease assignment.

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9567
Longitude
-87.681
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$15,566
$34,974
$38,463
$73,437
-
$349,740
$384,630
$734,370

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