3740 N Lincoln Avenue Chicago, IL $ 750,000
3740 N Lincoln Avenue
$ 750,000
Share Save

3740 N Lincoln Avenue

Chicago, IL, 60613
$ 750,000
Baths0.0 Sq 3,100

Monthly Estimate*

$ 5,239

3740 N Lincoln Avenue, Chicago, IL 60613 - Image 1
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 2
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 3
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 4
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 5
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 6
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 7
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 8
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 9
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 10
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 11
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 12
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 13
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 14
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 15
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 16
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 17
3740 N Lincoln Avenue, Chicago, IL 60613 - Image 18
Studio

Commercial Property for sale in Chicago, IL

for $750,000. This 3,100 square foot building was built in 2006.

*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

See more

Commercial Active

Price

$ 750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 18,676

Style

Commercial

Year Built

2006

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11953885

Features
General
Cooling Central Air Central Individual
Utilities Electric to Site Gas to Site Water-Municipal Water to Site
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick
Year Built 2006
Electric Service - 101 to 200 Amps
Tenant Pays Air Conditioning Electricity Heat
Stories 4
Township Lake View
Property SubType Condominium
Tax Year 2022
Current Use Commercial
Gross Income 0
County Cook
Net Operating Income 48336
Operating Expense 25924
Property Type Commercial Sale Retail/Stores
Status Active
Directions Addison (3600N) to Lincoln (1800W) north to property.
City Chicago
Total Units 2
MLS Area CHI - North Center
Lot Size Square Feet 0
Street Name Lincoln
Tax Annual Amount 18676
Additional Parcels Y/N Y
Leasable Area 3100
Days on Market 8
Lease Type N/A
Standard Status Active
See more
Interior
Flooring Concrete Other
Street Suffix Avenue
See more
Exterior
Foundation Details Concrete Perimeter
Building Area Total 3100
Lot Dimensions 3112
Frontage Type City Street
See more
* Excluded Features
List By
Fahy Real Estate Inc

Broker

kieran@fahyrealestate.com

Email

Affordability Calculator

$6,795
Per Month
77%
23%
0%
Monthly Principal & Interest
$5,239
Monthly Property Taxes
$1,556
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/2/2024$750,000 Listed Price

Map


See all

3740 N Lincoln Avenue, Chicago, IL, 60613 is a Commercial Property for sale at $750,000 with 3,100 sqft. 3740 N Lincoln Avenue is a studio with 0.0 baths and was built in 2006. The property's zip code is 60613 which is in Chicago, IL