Chicago, IL 60613 3740 N Lincoln Avenue
$725,000



13 more














Presented By: Fahy Real Estate Inc
Home Details
New 5 year leases until 2030 with established tenants since 2019. 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. Both spaces were 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 included in the price . Offered with a very attractive CAP rate and annual 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
Presented By: Fahy Real Estate Inc
Interior Features for 3740 N Lincoln Avenue
Other Interior Features
FlooringConcrete, Other
General for 3740 N Lincoln Avenue
Additional Parcels Y/NYes
CityChicago
Construction MaterialsBrick
CoolingCentral Air, Central Individual
CountyCook
Current UseCommercial
DirectionsAddison (3600N) to Lincoln (1800W) north to property.
ElectricService - 101 to 200 Amps
Gross Income
Leasable Area3100
Lease TypeN/A
Lot Size Square Feet
MLS AreaCHI - North Center
Net Operating Income58321
Number Of Units Total2
Operating Expense28607
PossessionClosing
Property SubtypeCondominium
Property TypeCommercial Sale
Property TypeRetail/Stores
RoofRubber
Standard StatusActive
StatusActive
Stories4
Tax Annual Amount1
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipLake View
UtilitiesNatural Gas Available, Water Available
Year Built2006
ZoningCOMMR
Exterior for 3740 N Lincoln Avenue
Building Area Total3100
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions3112
Water SourceMunicipal Water
Additional Details
Price History
