Active
3740 N Lincoln Avenue
Chicago IL, 60613
$750,000
$241.94 per sqft
Active
3,100 sqft
Commercial
Built in 2006
Courtesy of Fahy Real Estate Inc
*Owner financing available @ 4.5% fixed for 5 years* Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Unique property with over 130 ft of road frontage that allows for tremendous exposure and excess amounts of natural light in both spaces. Established tenants already in place with options to renew in 2025. Gross rental income of $6,200/ month with both spaces built out in 2019-2020 with updated flooring, bathrooms, paint, etc. The building also had a new full tear-off roof installed in 2021. Management company already in place if new owner wishes to continue. There are also two deeded garage parking spaces that can be purchased with the space for an additional $25,000 each. Offered with a current CAP rate of 6.46%. Leases also have 3% rent escalations. Ideally situated just 1 mile west of Wrigley field and a six minute walk to Addison brown line. Please do not disturb or make any inquiries from current tenants. All inquiries should be made only to the listing broker
11953885
MLSⓇ ID
January 2, 2024
Listed
October 2, 2024
Updated
Map
3740 N Lincoln Avenue
Chicago IL, 60613
Interior Features
Total Stories
4
Floor Description
Concrete, Other
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Central Individual
Heating
No
Exterior/Building Features
Roof
Rubber
Other Property Details
Area Name
CHI - North Center
Taxes
$18,676
Tax Frequency
Annually
Days on Market
229
Garage
No
View
No
County
Cook
Municipality
Lake View
Pool
No
Zoning
COMMR
Courtesy of Fahy Real Estate Inc, Kieran Fahy,
Listing Contact: 773-474-4425
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Lesley Sweeney are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 10/2/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 4:21 AM UTC, 10/2/2024
