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3740 N Lincoln Avenue Chicago, IL 60613

$670,000
Contingent / MLS# 12564187 / Commercial - Retail / Chicago
0 Beds
3100 SqFt

Now reduced to 670k with an impressive 8.74 CAP. Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Established tenants since 2019 with newer 5 year leases until 2030. Unique property with over 130 ft of road frontage that allows for tremendous exposure and excess amounts of natural light in both spaces. Both spaces were 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 included in the price . Offered with a very attractive CAP rate and annual 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

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Baird & Warner Jan Mason Agent Cell: 312.560.3081 Email

Property Details

Property Type: Commercial - Retail
Cooling: Central Air, Central Individual
Lot Size: 3,112
Roof Type: Rubber
Stories: 4.0
Taxes: $23,090
Year Built: 2006

Feature Descriptions

Current Use: Commercial
Electric: Service - 101 to 200 Amps
Exterior: Brick
Fire Protection: Alarm On Site
Flooring: Concrete, Other
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air, Gas
Location: Mixed Use Area
Lot Dimensions: 3112
Miscellaneous Indoor: Accessible Entrance, Private Restroom/s
Number of Tenant(s): 2
Parcel#: 14192190210000
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 2
Utilities: Electric to Site, Natural Gas Available, Water Available

Location

See details and scored characteristics about this location.

Listing Office: Fahy Real Estate Inc

Listing Office Phone: 773-474-4425



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