$241.94 Per Sq Foot $4,026 est/mo Sourced by Back At You

3740 N Lincoln Avenue,Chicago, IL 60613

Chicago IL, 60613

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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

Details

MLS#11953885
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year2006
Days On Site138
Listing Provided ByFahy Real Estate Inc | Kieran Fahy

Features

SQ Feet3,100
Story(s)4
Units2
ZoningCOMMR
Acreage3112.00

Market Activity 60613

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Listings Checked: 8 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60613
AreaCHI - North Center
Listing VS Median (in 60613)
Price:
$750,000
low | high
Med:
$382,000
99.066666666667% of Average
SqFt:
3,100
low | high
Med:
1,488
100% of Average
$ / SqFt:
$242
low | high
Med:
$260
42.524265277206% of Average
On Site:
138
low | high
Med:
30.500000
100% of Average
Sourced by Back At You
Listing Updated: May 1, 2024 at 6:32:06 PM PDT