1970 North Lincoln Ave — Sale in Chicago, IL

  • Price: $4.8M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60614
  • Size: 10,000 SF
  • Year built: 1904

Photos

1970 North Lincoln Ave — Sale in Chicago, IL, photo 1 of 8
1970 North Lincoln Ave — Sale in Chicago, IL, photo 2 of 8
1970 North Lincoln Ave — Sale in Chicago, IL, photo 3 of 8
1970 North Lincoln Ave — Sale in Chicago, IL, photo 4 of 8
1970 North Lincoln Ave — Sale in Chicago, IL, photo 5 of 8
1970 North Lincoln Ave — Sale in Chicago, IL, photo 6 of 8
1970 North Lincoln Ave — Sale in Chicago, IL, photo 7 of 8
1970 North Lincoln Ave — Sale in Chicago, IL, photo 8 of 8

Investment Figures

Price per square foot
$480

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is delighted to introduce 1970 N Lincoln Ave (“The Property”), a trophy, mixed-use opportunity situated at the highly coveted intersection of Lincoln, Armitage, and Sedgwick in the heart of Chicago’s premier Lincoln Park neighborhood. The Property consists of nine (9) loft-style apartments sitting above approximately 10,000 SF of prime retail space. The residential component features an attractive mix of one and two-bedroom homes with a large average floor plan. The Property’s 10,075 SF retail component presents a compelling blank-canvas opportunity for a new owner. Positioned on one of Lincoln Park’s most visible and heavily tracked corners, investors will have the ability to modernize the retail space, attract new tenants, and take advantage of significant leasing upside through strategic repositioning. 1970 N Lincoln Ave offers investors the rare opportunity to acquire a trophy mixed-use asset with demonstrated residential mark-to-market rents, retail repositioning upside, and an irreplaceable location within one of Chicago’s most sought-after neighborhoods.

Market Context

This multifamily in Chicago, IL is listed for sale at $4,800,000 across 10,000 SF. The building dates to 1904. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Contact

Explore this market

Similar Multifamily Property for Sale in Chicago, IL