$1,507,500
$1,399,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
3832 N Lincoln AVE Chicago, IL 60613
5,076 SqFt
Key Details
Sold Price $1,507,500
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 5,076 sqft
Price per Sqft $296
MLS Listing ID 12710486
Sold Date 08/12/26
Year Built 1903
Annual Tax Amount $48,813
Tax Year 2024
Lot Dimensions 98.96*31.90*82.20*125
Property Sub-Type Office/Tech
Property Description
3832 N Lincoln Avenue is an outstanding, two-story commercial building with a full basement, located in Chicago's vibrant North Center neighborhood. The property underwent a comprehensive gut renovation in 2022, upgrading it to pristine, modern standards. Total Infrastructure Overhaul: Brand-new roof installed during the 2022 renovation. Modern MEP Systems: Complete replacement of all mechanical, electrical, and plumbing systems. Full Accessibility: High-end passenger elevator serving the basement, first, and second floors. Secure Parking: Large, gated rear lot providing substantial off-street parking. Tax Reduction Potential: Converting the second floor to apartments unlocks a mixed-use residential tax classification, drastically lowering annual real estate taxes. The building features high-end improvements originally purpose-built for a premium birthing center that closed in 2026. This turnkey condition allows for immediate adaptation into several different asset classes, including: Medical & Wellness: Ideal for a medical concierge practice, specialized outpatient clinic, or wellness center. Hospitality: Perfect layout for a boutique Airbnb or short-term rental conversion. Retail & Services: Excellent street-level visibility for high-end retail, corporate offices, or community services.
Location
State IL
County Cook
Area Chi - North Center
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Building
Structure Type Brick
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Steven Jurgens of 312 Estates LLC






