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This Lincoln Park Gem is Generational Opportunity

Written by Posted On Wednesday, 17 November 2021 13:13

Every proprty has a story and this outstanding property is no exceptieon. Located on a highly trafficed Chicago corner, in the heart of the Lakeview and Lincoln Park two sought after neighborhoods near  Wrigley Field and Second City. For over 30 years the property has been home to the well known and highly regarded Jan Dee Custom Jewelry. Owner operator Jan Dee discovered the property through her many community connections purchased it from the estate of Carol Kappa who owned and operated  the popular women's bar CK's run from this location in the early 1970's.  Jan completely gutted the building down to the studs and created the landmark versatile solid, secure gem it is today. The first floor retail space is decked out with high end fixtures, and is beautifully designed to impress the most discerning eye.  Office Suites are located at the southwest corner of the building with three plus offices. a reception area , half private bath and coffee station. With over 5,900 sq. ft.this property offers endless possibilities, it is perfect for an owner operator, live-work situation, investor/develpoer or turn-key income producing property, once used as a medical office, travel agency and currently leased to an Investment Firm.  What really sets this property apart from all the rest is the 2,300 sq ft. ultra chic apartment located on the 2nd and 3rd floor of the property. Features include open concept, woodburning fireplace, 3-5 bedrooms, family room and studio space. A 400 sq ft deck is the cherry on top of  this delicious home, a peaceful oasis surrounded by greenery with amble space for large parties or quite afternoons soaking up the sun or snoozing to the gentle sway of your hamock.  Currently the apartment is a popular vacation rental with bookings throughout the month. This is a all round value buy. It is a versatile income producing property, condominium or town home alternative, or a turn-key investment. Brand new to the market this week.

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Karen Schwieger