3832 North Lincoln Avenue, Chicago, IL 60613 For Sale

Property Description

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.

Location Description

3832 N Lincoln Avenue is a highly visible corner location at the southwest intersection of Lincoln Avenue and Bernice Avenue. Situated in the heart of Chicago’s high-density North Center neighborhood, this prime location is in one of the city's most affluent, high-growth submarkets.

The location boasts some of Chicago’s best demographics, with average household income exceeding $204,000, driving high discretionary spending; average home values topping $804,000, reflecting long-term submarket stability and wealth retention; and a median age of 34 years old, capturing an active, educated, and professional workforce demographic.

The property boasts a near-perfect transit profile, ensuring seamless commuter access for both clients and employees, including the CTA Brown Line, located just blocks away, providing a direct, efficient rapid-transit connection to the Loop and north side neighborhoods. Excellent proximity to high-frequency CTA bus routes along Lincoln Avenue, Irving Park Road, and Addison Street, and high walkability in a vibrant, pedestrian-friendly commercial corridor anchored by national retailers like Trader Joe's and a thriving mix of local boutiques and medical services