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4100 N Lincoln Avenue

Chicago, Illinois 60618


Jodi Slutzky
312.927.3326

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$850,000


Square Footage
4,600
Jodi Slutzky
312.927.3326
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Property Type
Institutional or Developmental
Neighborhood
North Center


Leased 3,950 SF commercial condo w/4 deeded garage parking spaces on ground floor of newer 27 unit condo building. Located on hard corner w/ 150' of street frontage and extensive full-height windows. Built-out with 6 private offices/conference rooms plus large open workstation area that can accommodate over a dozen stations. The tenant is a successful real estate office on a 5-year lease that commenced in August 2015. Current base rent is $116,350, current NOI is $59,650 (7.0% CAP rate) w/2% annual increases. Real estate taxes being appealed which could reduce annual expenses by $12-$15,000/yr. Located on high visibility corner at Lincoln and Belle Plaine Ave, 2 blocks north of the 6-way intersection of Lincoln, Damen and Irving Park in North Center. Nearby businesses include CVS, Jewel, MB Financial Bank, PNC Bank, US Bank, Wintrust Bank, Chicago Title, Swedish Covenant Urgent Care, Starbucks and numerous neighborhood restaurants and local businesses.



Full Features
Built: 2002
Parking Spaces: 4
Cooling System: Central Individual,Zoned
Stories: 4
Current Use: Commercial, Condominium, Office and Research
Potential Use: Commercial, Office and Research, Retail
Zoning: COMMR
# of Drive-In Doors: 1
Rentable Square Feet: 3,950
Building Square Feet: 4,600
Current Net Income: $59,650


Taxes & Assessments
Taxes: $51,593

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

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Disclaimer: 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 @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.


North Center photo


North Center

North Center is a culturally diverse, tree-lined neighborhood on Chicago's North Side, located a mile from the lakefront and seven miles from Chicago's Loop. The neighborhood is characterized by its picturesque views of the Chicago River, large parks and a…

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Nearby Public Transportation

CTA Rail

at Irving Park (0.30 miles away)

Metra
Union Pacific North, Union Pacific Northwest

at Ravenswood Metra (0.90 miles away), Irving Park Metra







4100 N Lincoln Avenue Chicago, Illinois 60618 is a institutional or developmental property, currently listed at $850,000. Want to learn more about 4100 N Lincoln Avenue Chicago, Illinois 60618? Contact an @properties agent to request more info.


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