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2506 N Clybourn Avenue Chicago, IL 60614 Commercial - Retail New

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  • 2506 N Clybourn Avenue , Chicago, IL 60614 Main Photo

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Description

Exceptional Mixed-Use Investment Opportunity in Lincoln Park Rare opportunity to acquire a highly versatile, solid brick, corner property in the sought-after Lincoln Park/Lakeview area, offering tremendous upside potential for investors, owner-users, developers, and entrepreneurs....... The main level features a character-rich 2,700 sq ft restaurant and bar complete with a fireplace, dual bar areas, exposed brick interior, two restrooms, and a commercial kitchen area...... The second floor includes a spacious owner's apartment featuring one bedroom, a fireplace, full bathroom, in-unit laundry, and a private outdoor balcony. Also located on the second level are two additional residential units consisting of one 2-bedroom apartment and one non-conforming 1-bedroom apartment, providing excellent income-producing potential...... The unfinished basement offers abundant storage space and includes a walk-in cooler. Outside, the property features a detached two-plus-car garage and a private patio area that could be utilized for outdoor dining, entertaining, or additional off-street parking. The site has the potential to accommodate approximately 10-12 vehicles...... The building has approximately 5,500 square feet (without basement consideration) and is zoned M1-2, providing flexibility for a variety of commercial, industrial, and investment uses...... The entire property is currently vacant, allowing a new owner immediate flexibility to renovate, reposition, lease, or occupy...... Property is being sold AS-IS...... This is an outstanding opportunity in one of Chicago's most desirable and dynamic neighborhoods.

Property Highlights

Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1900

General Information

County: Cook
Listed By:
Hometown Real Estate Group LLC 773-625-1121
MRED MLS
$1,475,000
Est. $9,845/mo
New to the Market New
SQUARE FEET5,500 MLS#12681126
STATUSNew PROPERTY TYPECommercial - Retail

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2506 N Clybourn Avenue , Chicago, IL 60614.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,475,000$1,475,000$1,475,000
Down Payment $51,625$0$295,000
Monthly Mortgage Amount $8,917$9,277$7,362
Taxes $2053$2053$2053
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $885$0$0
Monthly Estimated Total $12,285$11,760$9,845

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