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$3,200,000
9,900
square ft

4001 N Lincoln Avenue
Chicago, Illinois 60618

Closed / MLS #10681354 / Commercial / Mixed Use / North Center
Listing information updated 12/16/2021 at 11:03am
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, Club Pilates, Ruby Nails, and 2 adjacent vacant spaces (one is a fully-fixtured former Hair Cuttery). There is a CMBS loan with an outstanding balance of ~$2.43 Million at 4.77% with 5+ years remaining on the term that must be assumed, so this could be purchased with 20% down generating a 9% CAP rate and a 15%+ ROI on cash over the next 4 yrs. This property is located at the main 6-corner intersection of Lincoln, Damen and Irving Park in North Center. It has outstanding access to all major transportation modes including CTA bus lines on all 3 intersecting streets, 2 blocks to the Irving Park Brown line subway station away, 1 mile to the Ravenswood Metra station and 2 miles to either Lake Shore Drive or the Kennedy Expressway. Nearby businesses include CVS, Wintrust Bank, MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous neighborhood businesses.
Built:
2003
Parking Spaces:
13
Cooling System:
Central Individual
Stories:
5
Ceiling Height:
14
Current Use:
Commercial
Zoning:
COMMR
# of Drive-In Doors:
1
Rentable Square Feet:
9,900
Building Square Feet:
9,896
Current Net Income:
$275,000
Tax Amount:
$105,530
Tax Year:
2019
Zip Code:
60618
City:
Chicago
County:
Cook

Listing Office: The Lord Companies L.L.C.

Listing Office Phone: 312.944.6270

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/16/2021 at 11:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

North Center

North Center, IL

Any way you look at it, North Center is no middle-of-the-road neighborhood. Residents enjoy picturesque views of the Chicago River, large parks, a vibrant shopping district, and an abundance of things to do. Anchored by the North Center Town Square, the community offers events including a farmers ma...

CTA

CTA
Brown line at Irving Park

Metra

Metra
Union Pacific North line at Ravenswood Metra
$949,415
Average Sale Price
36
Average Days On The Market
101%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 4001 N Lincoln Avenue, Chicago, IL 60618
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4001 N Lincoln Avenue, Chicago, IL 60618 is a commercial / mixed use which sold for $3,200,000. This commercial / mixed use has been listed on @properties Christie's International Real Estate since April 1st, 2020 and was built in 2003. The nearest transit stops include Irving Park CTA Brown line and Ravenswood Metra Metra Union Pacific North line.

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