3832 N Lincoln Ave - Health Care FOR SALE


Chicago, IL 60613- North Center
$1,399,000 USD
312-676-1875
3832 N Lincoln Ave, Chicago, IL for Sale
$1,399,000 USD
Health Care - FOR SALE
1/6
null | Request Cap Rate

3832 N Lincoln Ave
Chicago, IL 60613
North Center


HIGHLIGHTS

  • Prime corner location in Chicago's North Center neighborhood
  • Affluent demographics with $204,000+ household incomes
  • Steps from CTA Brown Line and Trader Joe's
  • Fully gut-renovated in 2022 with a new roof
  • Brand-new mechanical, electrical, and plumbing systems
  • Passenger elevator connects all three levels

OVERVIEW

3832 N Lincoln Avenue is an outstanding, two-story mixed-use 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. Live-Work or Multifamily: High-demand residential units on the upper level with commercial space below.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Birth Center of Chicago

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B1-2

APN/PARCEL ID

14-19-211-026-0000

ASK ABOUT THIS PROPERTY

Tim Rasmussen, CCIMSVN | Chicago CommercialMore Info
312-676-1875

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Tim Rasmussen, CCIMSVN | Chicago CommercialMore Info
312-676-1875

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.