4001 N Lincoln Avenue Chicago, IL, 60618
$ 3,300,000Bedrooms Baths0.0 Sq 9,800
for $3,300,000. This 9,800 square foot building was built on a lot size of 250' X 275' X 130'.
7 fully-leased retail storefronts (3 commercial condos, 9800 SF total) + 13-car commercial garage on ground floor of newer 5-story 39-unit mixed-use bldg at main intersection of Lincoln, Damen & Irving Park Rd in North Center. This is the most visible, highest quality construction, best positioned commercial space in this market with a strong mix of mostly long-term national and strong local tenants including Starbucks, Subway, Hair Cuttery, Club Pilates, Ruby Nails, Vertigo Holdings and a pending replacement for the US Bank space. There is a CMBS loan with an outstanding balance of ~$2.53 Million at 4.77% with 7+ years remaining on the term that must be assumed, so this could be purchased for less than $800, 000 in cash ( 25%). Nearby businesses include CVS, Wintrust Bank, MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous neighborhood businesses.
Cooling System Central Air
Heating System Forced Air Gas
Building Type Multi-Family
Parking 1-20 Parking Spaces Attached Parking Heated Indoor Parking
Road Frontage City Street Signal Intersection
Commercial Overhead Door(s)
Documents Aerial Photo Backup Package Bylaws Demograph Floor Plan Lease Agreement Rent Roll Restrictive Covenants Tax Return Traffic Study
Location Corner Lot Near Public Transportation
Rental* Excluded Features
Tenant Pays Air Conditioning Common Area Maintenance Electric Heating Insurance Janitorial Real Property Taxes
List By The Lord Companies L.L.C.
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% 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.
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Commerical listings in Chicago, IL
Average List Price $719,954
Percent of Sale Price 78 %
About Chicago, IL
-4 % Since 2002
$ 49,562 Median Income
34.83 Median Age
25 % Households with Children