4544 N Western Avenue

Description

Fully recently rehabbed, this brick mixed-use, twounit building in the heart of Lincoln Square offers an impressive 4,532 assessed square feet of finished space. Built from front to back and lot line to lot line, the front lower level has been excavated to maximize usable area and improve overall functionality. The commercial portion is restaurant-ready, featuring two spacious, open dining areas, an airlock vestibule, a dedicated host station, and a full bar equipped with multiple sinks. An ice room for servers with additional storage, along with a fully outfitted service station, further enhance operational efficiency. The space also includes two completely renovated bathrooms-one with two stalls and the other with a single stall and urinal-each with its own handwashing station. The commercial kitchen comes with a full-length ventilation hood system designed to support a wide range of appliances, such as ranges, fryers, and griddles, making it highly adaptable. Additionally, there is a separate dishwashing area set up with a commercial-grade pre-rinse spray nozzle, glasswasher, and multi-compartment sink. The lower level features newly poured concrete flooring, a complete drain tile system, a laundry room, an office, and a staff bathroom, and it is fully prepared for the future installation of a commercial walk-in refrigerator and freezer-with reinforced concrete, generous headroom, and pre-installed electrical and drainage systems. The building's infrastructure has been completely modernized, with new security cameras, foam insulation throughout, updated windows and roof, and completely replaced electrical, gas, water (now copper), and sewer lines. Both the commercial and residential units feature individual heating and cooling systems to ensure maximum comfort and efficiency. The residential unit, currently leased at $3,500 per month through August 2026, offers outstanding value with reliable tenants who pay their own utilities. This oversized five-bedroom, two-bath unit boasts elegant wood finishes, a chef's kitchen, and an adjacent multi-use room. Its layout includes a bright dining room, living room, and family room-all bathed in natural light from large windows-with hardwood floors and recessed lighting adding to its charm and practicality. Located in the sought-after Waters Elementary School area and just two blocks from Lincoln Avenue and the Brown Line train, this property enjoys a superbly convenient location. Lincoln Square is a vibrant community known for its independent shops, breweries, and dynamic restaurant scene, and the property also provides easy access to the North Branch of the Chicago River, Ravenswood, North Center, Uptown, and Andersonville. This is a prime investment opportunity in one of Chicago's most desirable neighborhoods.