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  • Price$750,000
  • Built2006

3740 North Lincoln Avenue, Chicago

*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

Essential Information

  • MLS® #11953885
  • Price$750,000
  • Bathrooms0.00
  • Acres0.00
  • Year Built2006
  • TypeCommercial Sale
  • Sub-TypeRetail/Stores
  • StatusActive
  • Taxes$18,676

Interior

  • CoolingCentral Air, Central Individual

Additional Information

  • Days on Market119
  • ZoningCOMMR

Community Information

  • Address3740 North Lincoln Avenue
  • AreaCHI - North Center
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60613

Exterior

  • RoofRubber
  • FoundationConcrete Perimeter

Listing Details

  • Listing OfficeFahy Real Estate Inc

Price Change History for 3740 North Lincoln Avenue, Chicago, IL (MLS® #11953885)

Date Details Price Change
Active (from New)
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Gold Coast Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on April 28th, 2024 at 9:53pm CDT.