Chicago, IL 60613,3740 N Lincoln AVE
Chicago, IL 60613,3740 N Lincoln AVE
Chicago, IL 60613,3740 N Lincoln AVE
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$750,000
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3,100 SqFt
Active

3740 N Lincoln AVE Chicago, IL 60613

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UPDATED:

08/17/2024 08:27 AM

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 3,100 sqft

Price per Sqft $241

MLS Listing ID 11953885

Year Built 2006

Annual Tax Amount $18,676

Tax Year 2022

Lot Dimensions 3112

Property Description

*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

Location

State IL

County Cook

Area Chi - North Center

Zoning COMMR

Interior

Cooling Central Air, Central Individual

Flooring Concrete, Other

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Water-Municipal, Water to Site

Roof Type Rubber

Building

Dwelling Type Retail/Stores

Level or Stories 4

Structure Type Brick


Midwest Real Estate Data (MRED) IDX
Listed by Kieran Fahy • Fahy Real Estate Inc

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3740 N Lincoln AVE