41.954205 -87.67875

4001 North Lincoln Avenue Chicago, IL 60618

266878517 41.954205 -87.67875 129 /listing/266878517-150213648/4001-north-lincoln-avenue-chicago-il-60618 False 0 3200000.0 101 10681354 False
  • $3,200,000
  • 9,896 lot
  • Est payment $17178.29/mo

Property & Neighborhood Info

Courtesy Of The Lord Companies L.L.C.

Commercial in Chicago

7 retail storefronts (3 commercial condos, 9,896 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, Bank of America, Subway, Hair Cuttery, Club Pilates, Ruby Nails, and a small vacant space (6/7 spaces occupied on NNN leases). There is a CMBS loan with an outstanding balance of ~$2.45 Million at 4.77% with 5+ years remaining on the term that must be assumed, so this could be purchased with only about 20% down. nearly 9% CAP rate over next 5 yrs, 15%+ ROI on cash. Nearby businesses include CVS, Wintrust Bank, MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous neighborhood businesses.

Courtesy Of The Lord Companies L.L.C.
  1. 9,896 Lot

Main Features

  • Listing Status: Active
  • Year Built: 2003
  • Floors: 5
  • County: Cook County
  • Taxes: $100,466.00
  • Units: 7
  • Zoning: COMMR
  • MLS Number:10681354

Additional Features

  • Air Conditioning:
    • Central Individual
  • Inside Features:
    • Multi-Tenant
    • Overhead Door/s
  • Additional Storage:
    • No
  • Construction:
    • Brick
  • Current Use:
    • Commercial
  • Location:
    • Corner
    • Public Transport Avail
    • TIF Zone
  • Exterior:
    • Brick
  • Indoor Parking:
    • 13-18 Spaces
    • Attached
    • Heated
    • Secured
  • Parking Spaces:
    • 13
  • Electric:
    • Circuit Breakers
  • Heat:
    • Forced Air
    • Gas
  • Fire System:
    • None
  • Road Frontage:
    • City Street
    • Signal Intersection
  • Zoning Type:
    • COMMR
  • Documents Available:
    • Aerial Map
    • Backup Package
    • Covenants/Restrictions
    • Declarations/Bylaws
    • Demographics
    • Floor Plans and Specs
    • Leases-Copies
    • Rent Roll
    • Tax Bill
    • Traffic Counts
  • List Type (Exclusive):
    • Exclusive Right To Sell
  • Net Operating Income:
    • 267000
  • Annual Expenses:
    • 145000
    • Combination
  • Special Information:
    • No Sign on Property
    • Short Notice OK
  • Tenant Pays:
    • Air Conditioning
    • Common Area Maintenance
    • Electric
    • Heat
    • Insurance
    • Janitorial
    • Real Property Taxes
    • Repairs and Maintenance
  • Owner Agent:
    • No
  • Square Footage Total:
    • 9896
  • Tax ID:
    • 14183280031033
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Larry and Laura Swinden
Larry and Laura Swinden
Brokers
1344 SOUTH MILWAUKEE AVENUE Libertyville IL 60048
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41.954205 -87.67875

4001 North Lincoln Avenue Chicago, IL 60618

266878517 41.954205 -87.67875 129 /listing/266878517-150213648/4001-north-lincoln-avenue-chicago-il-60618 False 0 3200000.0 101 10681354 False
  • $3,200,000
  • 9,896 lot
  • Est payment $17178.29/mo