4001 N Lincoln Avenue Chicago, IL 60618

$3,300,000
4001 N Lincoln Avenue, Chicago, IL 60618
10011600

Commercial Property for sale in Chicago, IL

for $3,300,000. This 9,800 square foot building was built on a lot size of 250' X 275' X 130'.

Property Information

  • $3,300,000
  • Commercial
  • 9,800 Square Feet
  • Taxes are $85,744
  • Multi-Family
  • Retail
  • Active
  • 1 Floors
  • Lot size of 250' X 275' X 130'
  • Chicago, IL
  • North Center Neighborhood
  • Cook County
  • MLS/Web ID is 10011600
  • Just Listed

Description

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 US Bank. US Bank has vacated but is still paying rent to the end of their lease in Oct 2018 so there is a 2, 300 SF space available. 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 only about $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.

Interior 2

Cooling System

  • Central Air

Heating System

  • Forced Air
  • Gas

Exterior 5

Building Type

  • Multi-Family

Construction

  • Brick

Parking

  • 1-20 Parking Spaces
  • Attached Parking
  • Heated
  • Indoor Parking

Road Frontage

  • City Street
  • Signal Intersection

Siding

  • Brick

Miscellaneous 3

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 1

Tenant Pays

  • Air Conditioning
  • Common Area Maintenance
  • Electric
  • Heating
  • Insurance
  • Janitorial
  • Real Property Taxes

† Excluded Feature

Listed By

Broker: THE LORD COMPANIES L.L.C.

4001 N Lincoln Avenue, Chicago, IL, 60618 is a Commercial Property for sale at $3,300,000 with 9,800 sqft and a lot size of 250' X 275' X 130'. The property's zip code is 60618 which is in Chicago, IL

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Market Pricing

Average % of sale price Median % of sale price
All listings in Chicago $554,896 83 % below $347,000 89 % below
Commerical listings in Chicago $707,452 79 % below $399,999 88 % below

Get the facts about Chicago, IL!

Population 2,758,555
Population Growth (since 2000) -4 %
Median Income $49,562
Median Age 34.83
Households w/ Children 25 %

Residential Dwellings

  • Owned 491166
  • Vacant 139733
  • Rented 585273

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363