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$829,000 / 5000ft2 - FULLY LEASED MIXED-USE INVESTMENT – LINCOLN SQUARE – RETAIL + 3BR (Lincoln Square)
1964 W Lawrence, Chicago, IL 60640
1964 W Lawrence
5000ft2
license info:
PROPERTY LISTED BY A LICENSED ILLINOIS REAL ESTATE BROKER
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**1964 W Lawrence Avenue | Chicago, IL 60640**
Excellent opportunity to acquire a fully leased mixed-use investment property in the heart of Chicago's desirable Lincoln Square neighborhood. Located along the highly trafficked Lawrence Avenue corridor, just east of Damen Avenue, the property offers stable in-place rental income with potential for future upside.
The building features approximately 3,200 SF of fully leased commercial space on the ground floor, along with a recently renovated three-bedroom, one-bathroom residential apartment on the second floor, currently occupied by long-term tenants.
The commercial space is configured for restaurant or food production use and includes a fully equipped commercial kitchen with black iron ventilation, a 16-foot exhaust hood, two walk-in coolers, a three-compartment sink, and extensive preparation and storage areas. The rear production space offers potential for conversion into an additional walk-in cooler or expanded food production facilities.
The street-level space also features large storefront windows, a spacious dining area, and two ADA-compliant restrooms with double stalls. The building extends lot line to lot line, maximizing its footprint and usable space.
The residential unit features a spacious, recently renovated three-bedroom layout and a private rear outdoor patio.
**PROPERTY HIGHLIGHTS**
- Fully leased mixed-use investment property
- 100% occupancy with established commercial and residential tenants
- Approximately 3,200 SF commercial space
- Second-floor 3-bedroom / 1-bathroom apartment
- Recently renovated residential unit
- Private rear outdoor patio
- Commercial kitchen with black iron ventilation
- 16-foot commercial exhaust hood
- Two walk-in coolers
- Three-compartment sink
- Extensive preparation, production, and storage areas
- Two ADA-compliant commercial restrooms
- Large storefront display windows
- Building extends lot line to lot line
- Established rental income with potential long-term upside
**PRIME LINCOLN SQUARE LOCATION**
Situated just east of Damen Avenue along Lawrence Avenue, the property benefits from a strong mix of residential density, established businesses, restaurants, shopping, and ongoing neighborhood development.
Nearby destinations include Groundswell Coffee Roasters, Mariano's, Chase Bank, Winnemac Park, The Davis Theater, Begyle Brewing, Dovetail Brewery, and the popular Lincoln Square shopping and dining district.
Conveniently located approximately 0.2 miles from both the Damen Brown Line CTA station and Ravenswood Metra station, with access to multiple CTA bus routes, Divvy stations, and Lake Shore Drive.
**PROPERTY INFORMATION**
Address: 1964 W Lawrence Avenue, Chicago, IL 60640
Property Type: Mixed-Use Investment
Commercial Space: Approximately 3,200 SF
Residential: One 3-Bedroom / 1-Bathroom Apartment
Occupancy: 100% Leased
**Contact for asking price, financial information, or to schedule a private showing.**
Financial information and lease details available to qualified buyers upon request.
**PROPERTY LISTED BY A LICENSED ILLINOIS REAL ESTATE BROKER**