1828 W Foster Avenue #CE
Chicago, IL, 60640
$795,000
Beds
0 Baths
16,000 SqFt
0 Acres
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$795,000
1828 W Foster Avenue #CE
Chicago, IL, 60640
MLS #MRD12293824 img 0MLS #MRD12293824 img 1MLS #MRD12293824 img 2MLS #MRD12293824 img 3MLS #MRD12293824 img 4
Prime NNN Investment Opportunity – Dental Practice in Chicago, IL This property features a 10.5-year lease expiring 10/31/2029 with annual rent increases and two 5-year renewal options along with a personal guaranty from a well-established 9-location dental operator with strong financials. This NNN lease structure provides a low-maintenance investment, with the tenant covering all interior expenses while the condo association manages exterior maintenance, including capital items-costs that are fully reimbursed by the tenant through monthly assessments. In addition, tenant is also fully responsible for paying taxes directly, as well as insurance with landlord named as additional insured.

Property Details

Price:
$795,000
MLS #:
MRD12293824
Status:
Active
Beds:
0
Baths:
0
Address:
1828 W Foster Avenue #CE
Type:
Commercial
Subtype:
Medical
Neighborhood:
CHI – Lincoln Square
City:
Chicago
Listed Date:
Feb 19, 2025
State:
IL
Finished Sq Ft:
16,000
Total Sq Ft:
16,000
ZIP:
60640
Year Built:
2005

Schools

Interior

Cooling
Central Air

Exterior

Financial

Net Operating Income
$59,852
Tax Year
2023
Taxes
$18,983
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1828 W Foster Avenue #CE
Chicago, IL