Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60618
Lincoln
4363
Avenue
W88° 22' 32.1''
N41° 52' 32''
Corner of Lincoln & Montrose
CHI - North Center
N
MULTI
Additional Information
7499
: Brick
Service - 201 to 600 Amps
2,502 SF
5
2500000
3
Essex 312, LLC
Philip Leigh
Financial
22085
Listing Information
1016193
88183
Contingent
2026-04-02T19:21:02Z
MRED
2026-04-02T19:20:30Z
Property Description

Trophy building at the heart of Lincoln Square, a highly visible corner across from Welles Park and Small Cheval. The building is anchored by L&M Deli, a neighborhood staple serving deli sandwiches, high-end groceries, as as beer, wine, and liquor. In addition, there are four large apartments (1) three bed / one bath and (3) two bed / one baths. The building underwent significant renovation in 2007 including the replacement of all copper water lines, all electric, a new main water line, new windows, and the cosmetic renovation of all units. In 2022, new HVAC was installed for all of the retail space. The apartments all have central air AC with clean, rental quality finishes (hardwood floors, laminate counters, and entry level appliances). Laundry is a shared community room on the 2nd floor of the building. L&M Deli has been in business at this location for six years with four years remaining on their lease and (2) five-year options. The space has had extensive upgrades including two large, walk-in freezers, a 1,500 SF air-conditioned prep kitchen in the basement, as well as ventilation and black iron for the kitchen. A new buyer has the opportunity to mark the existing apartment rents to market amid growing rental pressure and a lack of available supply, all while owning a trophy building with cash flow in place.

Commercial Sale For Sale

4363 N Lincoln Avenue, Chicago, Illinois 60618

$2,395,000
Listing ID#12484527
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12484527
Price : $2,395,000
Year Built : 1915
Listing Status : Active Under Contract
Property Sub Type : Mixed Use
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