$360,000
4357 N Lincoln Avenue #C
Chicago, IL, 60618
Perfect commercial condo opportunity for an investor or owner/occupier. The unit is already nicely built out and currently tenanted with an arts and crafts business. B1-2 zoning which permits a variety of retail uses. Tenant pays $3,150 / month until 10/31/26 and $3,200 / month between 11/01/26 – 10/31/27. There is an option to renew for an additional 3 years at 5 per cent more than the prior year. Tenant pays for all expenses other than Mortgage, Property Tax and HOA. Low HOA fees currently $85.90 per month. Current passing income implies a cap rate around 7 for 2025. However, property taxes were successfully appealed as of January 2025 and assessed value dropped to $56,250 from $99,251. This implies a material decrease in 2024 property taxes when second installment finally arrives. This lifts the pro forma cap rate to 8 to 9 based on pro forma NOI.
Property Details
Price:
$360,000
MLS #:
MRD12506614
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Condominium
Neighborhood:
chinorthcenter
Listed Date:
Oct 29, 2025
Total Sq Ft:
5,750
Year Built:
2014
Schools
Interior
Cooling
Central Air
Exterior
Financial
Tax Year
2023
Taxes
$12,241
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
Current real estate data for Commercial in Chicago as of Nov 02, 2025
1,103
Commercial Listed
167
Avg DOM
158
Avg $ / SqFt
$1,050,371
Avg List Price
Community
- Address4357 N Lincoln Avenue #C Chicago IL
- CityChicago
- CountyCook
- Zip Code60618
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Property Summary
- 4357 N Lincoln Avenue #C Chicago IL is a Commercial for sale in Chicago, IL, 60618. It is listed for $360,000 To schedule a showing of MLS#mrd12506614 at 4357 N Lincoln Avenue #C in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
4357 N Lincoln Avenue #C
Chicago, IL
