4001 Lincoln Avenue

    Chicago, IL 60618
    • $3,300,000
    • STATUS: Active
    • ON SITE: 126 days
    • MLS #: 10011600
    UPDATED: 25 min ago
    $3,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,800
      SQFT
    • $337
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2003
    County:

    School Ratings & Info

    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 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.

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    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Ryan Dallas Real Estate. 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 Ryan Dallas Real Estate 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 broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-11-13T15:52:23.407.

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    www.centralilhomefinder.com/homes/85434770

    4001 Lincoln Avenue Chicago, IL 60618

    • Price: $3,300,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 10011600
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,800
    SQFT
    $337
    $/SQFT
    2003
    Built
    Neighborhood:
    Chi - North Center
    County:
    Cook
    Area:
    Chi - North Center
    Property 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 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.
    Exterior Features

    Construction Brick Frontage Access City StreetSignal Intersection Location CornerPublic Transport AvailTif Zone Lot Dimensions 250' X 275' X 130' Lot Sq Ft 9800 Number Of Parking Spaces 13 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Individual Ceiling Height Ft 14 Fire Protection None Indoor Parking 13-18 SpacesAttachedHeated Miscellaneous Inside Multi-TenantOverhead Door/S Number Of Drive In Doors 1 Number Of Stories 1

    Property Features

    Age 7-15 Years Current Use Commercial Electrical Service Circuit Breakers Expense Year 2018 Exterior Building Type Brick Extra Storage Spaces Available YN No Financial Amounts For Total Building Rental Onl Yes Geographic Locale Chicago North Gross Rental Income Amount 38500 Heat Ventilation Forced AirGas Investment YN Yes Max Avail Sq Ft Rentable 9800 Min Avail Sq Ft Rentable 9800 Net Oper Income Amount 26900 Net Operating Income Year 2018 Number Of Tenants 7 Potential Use CommercialOffice And ResearchRetail Property Offered For Sale Only Sale Terms Assumption-Conv Tax Year 2017 Taxes 85744 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And Maintenance Total Annual Exp 116000 Total Annual Expense Source Combination Total Annual Income 385000 Total Monthly Income 32000 Township Lake View Unincorporated YN No Zoning Type Commr

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of The Lord Companies L.L.C..


    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Ryan Dallas Real Estate. 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 Ryan Dallas Real Estate 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 broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-11-13T15:52:23.407.

    Digital Millennium Copyright Act
     
    Ryan Dallas Real Estate
    4112C Fieldstone Road
    Champaign IL, 61822