3740 N Lincoln Avenue, Chicago, IL 60613 | MLS 11953885 | Listing Information | J.W. Reedy Realty
FOR SALE
$750,000

3740 N Lincoln Avenue
Chicago, IL 60613

Retail, Business Opportunities
Commercial
3,100
Sq. Ft.
N/A
Acre Lot
Courtesy: Fahy Real Estate Inc
J.W. Reedy Realty> Illinois> Chicago> 60613
*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
11953885
Commercial - Retail, Business Opportunities, 3+ Story
2006
Cook
Public
4
Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Fahy Real Estate Inc
Listings courtesy of MRED as distributed by MLS GRID

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