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3740 N Lincoln Avenue, Chicago, IL 60613
$750,000
3740 N Lincoln Avenue, Chicago, IL 60613View this property at 3740 N Lincoln Avenue, Chicago, IL 60613
3740 N Lincoln AvenueChicagoIL60613
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Property 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
Full Property Details
Full Property Details for 3740 N Lincoln Ave
General
- Price: $750,000
- Taxes: $18,676 (2022)
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: 11953885
- Updated: 1/8/2024
- Added to Site: 118 day(s) ago
Interior
- Interior Features: Accessible Entrance, Private Restroom(s)
- Flooring: Concrete, Other
Additional Information
- Security/Safety: Alarm on Site
Location
- Area: CHI - North Center
- County: Cook
- Township: Lake View
- Driving Directions: Addison (3600N) to Lincoln (1800W) north to property.
- Location Details: Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Gas to Site, Municipal Water, Water to Site
Structural Information
- Construction: Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
- Sub-Flooring: Concrete, Other
- Stories/Levels: 4
- Square Feet: 3,100
- Current Bldg. Use: Commercial
- Year Built: 2006
Unit Information
- # Tenants: 2
Lot Features
- Lot Dimensions: 3112
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $25,924
- Security Deposit: Alarm On Site
- Assessment Year: 2006
- Tax Amount: $18,676
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 14192190210000
Listed by Fahy Real Estate Inc
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Schools
Schools serving 3740 N Lincoln Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3730 N Oakley Ave, Chicago, IL 60618 | PK-8 | 0.5 mi | |
4015 N Ashland Ave, Chicago, IL 60613 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3740 N Lincoln Ave
Date
Details
Price
Change
Source
1/02/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3740 N Lincoln Ave
3740 N Lincoln Avenue, Chicago, IL 60613 (MLS# 11953885) is a Commercial Residential Facility property. 3740 N Lincoln Avenue is currently listed for $750,000 and was received on January 02, 2024. Want to learn more about 3740 N Lincoln Avenue? Do you have questions about finding other Commercial Residential Facility real estate for sale in North Center? You can browse all North Center real estate or contact a Coldwell Banker agent to request more information.