$750,000
3740 N Lincoln Avenue
Chicago, IL, 60613
*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
Property Details
Price:
$750,000
MLS #:
MRD11953885
Status:
Active
Beds:
0
Baths:
0
Address:
3740 N Lincoln Avenue
Type:
Commercial
Subtype:
Condominium
City:
Chicago
Listed Date:
Jan 2, 2024
State:
IL
Finished Sq Ft:
3,100
ZIP:
60613
Year Built:
2006
Schools
Interior
Cooling
Central Air, Central Individual
Flooring
Concrete, Other
Exterior
Construction Materials
Brick
Roof
Rubber
Financial
Buyer Agent Compensation
2.5% (-$375)Gross Sale Price
Tax Year
2022
Taxes
$18,676
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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3740 N Lincoln Avenue
Chicago, IL
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