Property for Sale: 3740 N Lincoln, Chicago, IL 60613
$750,000
$750,000
3740 N Lincoln,
Chicago, IL 60613
$750,000
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Price:
$750,000
Est. payment: Skip to Mortgage Calculator
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. |
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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.
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 |