338 W Armitage Avenue Chicago, IL 60614 • Commercial - Business • Active $2,250,000

Description

Discover a distinctive blend of character, space, and versatility in this exceptional 6-bedroom, 4.5-bathroom mixed-use property in the heart of Lincoln Park suitable for an owner occupant who wants nearly 7,500 in income to off set mortgage, an investor looking for a steady return in Chicago's Lincoln Park, or a savvy developer for AirBnb or other use cases. This unique asset features a street-level commercial space Restaurant lease is 5,500 expires 2/1/28, a spacious main residence, a coach house, and a three-car garage. The primary residence is a triplex with rich hardwood floors, two cozy fireplaces, and oversized windows create a warm, light-filled living room that flows into a formal dining room and a well-appointed kitchen with built-in cabinetry and stainless steel appliances including a La Corneu oven blending it's historical woodwork and carpentry with modern finishes. A powder room and spacious study complete the main level. The second floor offers a spacious primary suite with a fireplace and en-suite bath, along with two additional bedrooms and a full bath. Upstairs, two more bedrooms, a full bath, and a generous family room open onto a balcony with a beautiful rooftop terrace with an additional fireplace. Off the main living level a beautiful courtyard (complete with a built in fourth fireplace) connects to the coach house, featuring its own kitchenette, bedroom, full bath, and sitting room. Multiple outdoor spaces add to the appeal. Ideally located near Lincoln Park Zoo, North Avenue Beach, neighborhood restaurants, cafes, boutique shopping, and public transportation, this is a rare opportunity to own a versatile property in one of Chicago's most sought-after neighborhoods. Restaurant lease is 5,500 expires 2/1/28

Property Highlights