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3450 N Southport Avenue

Chicago, Illinois 60657


John D'Ambrogio
312.334.8389

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$1,299,999


Square Footage
6,600
John D'Ambrogio
312.334.8389
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Property Type
Retail Store
Neighborhood
Lakeview


NNN Investment / Retail Condo located in heart of SOUTHPORT RETAIL CORRIDOR in Lake View neighborhood of Chicago leased to BENEFIT COSMETICS until March 2023. Current NOI is $62K annually, increasing to $68K in March of 2018 raising the CAP RATE to 5.23% & Cash on Cash to 6.13% at asking . Area retailers include Hanna Andersson, Kendra Scott, J Crew, GAP, Lululemon, Starbuck's, Paper Source, Anthropologie, Amazon and more. Great income generating investment on a vibrant retail corridor surrounded by high household incomes. Located near Wrigley Field home of Chicago Cubs, currently going through $500 million in renovations.



Full Features
Built: 2005
Cooling System: Central Air
Stories: 4
Roof: Tar and Gravel
Ceiling Height: 13
Current Use: Condominium
Potential Use: Commercial, Retail
Zoning: MULTI
Rentable Square Feet: 1,100
Building Square Feet: 6,600
Current Net Income: $61,875


Taxes & Assessments
Taxes: $11,666

Listing Office: Jameson Commercial

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Lakeview photo


Lakeview

Located immediately to the north of Lincoln Park, Lakeview offers one of the most diverse communities in the city. Rubbing up to the shore of Lake Michigan, this North Side neighborhood has something for everyone.Lakeview's housing stock runs the gamut…

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Nearby Public Transportation

CTA Rail

at Southport (0.07 miles away), Addison, Belmont

Metra
Union Pacific North, Union Pacific Northwest

at Ravenswood Metra (1.70 miles away), Clybourn







3450 N Southport Avenue Chicago, Illinois 60657 is a retail store property, currently listed at $1,299,999. Want to learn more about 3450 N Southport Avenue Chicago, Illinois 60657? Contact an @properties agent to request more info.


© 2017 Midwest Real Estate Data, LLC. All Rights Reserved. The accuracy of all information regardless of source including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.