Kiser Group has been exclusively engaged to market for sale 5029-31 N. Lincoln Avenue, a development site in the Lincoln Square neighborhood of Chicago. This 14,794 square foot lot has been re-zoned to B2-3 TOD and approved for a 47-unit 5 story mixed-use building with ground floor retail. The apartment unit mix is favorable with thirty one (31) 2 bedroom / 2 bathroom apartments and sixteen (16) 1 bedroom units. The ground floor retail space is ~1,250 square feet with frontage along Lincoln Avenue. The plans also account for modern amenities to draw tenants including an elevator, 16 parking spots, a bike room, and rooftop deck.
The property is located in the Lincoln Square neighborhood, known to draw families, community with a vibrant corridor along Lincoln Avenue filled with both national and boutique retailers, trendy restaurants, and high-demand residential. Located only 0.4 miles distance to the Western Brown Line CTA station, the land was approved for TOD zoning.
5029-31 N. Lincoln offers the opportunity for a developer to build a substantial mid-rise mixed-use building in a core Chicago neighborhood.