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3740 N Lincoln Avenue, Chicago, IL 60613
3740 N Lincoln Avenue, Chicago, IL 60613
  • $750,000

Overview

Property ID: 11953885
  • Commercial Sale
  • Property Type
  • 3100
  • 2006
  • Year Built

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

  • Address 3740 N Lincoln Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60613
  • Area CHI - North Center

Details

Updated on August 17, 2024 at 8:27 am
  • Property ID: 11953885
  • Price: $750,000
  • Property Size: 3100
  • Garage Size: x x
  • Year Built: 2006
  • Property Type: Commercial Sale
  • Property Status: Active

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