Located on Lincoln Ave., just north of Lincoln Square & the Brown line with new condo & retail developments in process throughout the area, this mixed-use property on a double lot, features 2 storefronts, 4 apartments, & a 12 car parking lot. This great investment opportunity offers the next owner many options. The main floor offers 2500 sq. feet of retail/store space. The 5109 storefront is currently vacant. The building owner has operated St. Pauli Bar here since 1979 The unique oval wood bar, most of the fixtures & a 4 am liquor license are included in the sale. The 5107 storefront is currently occupied by a cleaners/alterations store on a month-to-month lease. A full unfinished basement is accessible from the interior through the 5107 storefront & from the exterior. The 12-car parking is accessed through the alley. There are 4-5 room, 2 bedroom, 1 bath units. The apartments all have separate utilities & feature original woodwork and doors, generous closet space & artificial fireplaces on the south side of the building. The owner lives in one unit, the other 3 are vacant. The building has been tuck pointed and has a rebuilt chimney and front facade. The rubber roof was recoated in 2017. The exterior wood porch was painted & stairs were replaced as needed-2015.
Listed by:
Baird & Warner
Date | Days Ago | Event | New Price |
---|---|---|---|
Jul 17, 2023 | 9 mos ago | Price decreased50,000 (4%) | $1,250,000 |
Jun 5, 2023 | 11 mos ago | Price decreased50,000 (4%) | $1,300,000 |
Feb 8, 2023 | 1 yr ago | Price decreased50,000 (4%) | $1,350,000 |
Nov 2, 2022 | 1 yr ago | New on market | $1,400,000 |