Property for Sale: 3740 N Lincoln, Chicago, IL 60613

$750,000
$750,000
3740 N Lincoln, Chicago, IL 60613
$750,000
Remove from
Favorites
Add to
Favorites
Add to
Trip Map
Hide Share or
Email
Price:
$750,000

Type Commercial
Year Built 2006

City Chicago
County Cook

MLS 11953885
Status Active
*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

Lot & Building Features

Construction Brick
Cooling Central Air, Central Individual
Tax Year 2022
Lot Dimensions 3112 ft

Price History of 3740 Lincoln, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $750,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Tom OConnor
Tom OConnor
Broker
Direct: 708-237-7790
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Fahy Real Estate Inc, Kieran Fahy
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

3740 Lincoln (MLS #11953885) is a commercial listing located in Chicago, IL. This property was listed on 01/02/2024 and has been priced for sale at $750,000.

Nearby zip codes are 60618, 60625, 60634, 60640 and 60657.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Fahy Real Estate Inc