Kieran Fahy

(773) 701-6514

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(773) 474-4425

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Fahy Real Estate Inc

205 N Michigan Ave
Suite 810
Chicago, IL 60601

(773) 701-6514

3740 N Lincoln, Chicago, IL 60613

$ 725,000

Commercial3,100 ft²

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Welcome to Lincoln Ave Commercial

Property Info

Status:Active

MLS #:12287389

Price:$ 725,000

Type:Commercial

Size:3,100 ft²

Features

-Over 130 ft of frontage and retail exposure on bustling Lincoln Avenue
-Walk score of 94, six min walk to Addison brown line and across the street from high volume Trader Joe's
-Two unique spaces with great layouts , excess light and retail exposure
-Turn key investment now yielding an 8% CAP with established tenants already in place
-Two deeded parking spaces included (Approx $25k each value)

Remarks

New 5 year leases until 2030 with established tenants since 2019 . Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Unique property with over 130 ft of road frontage that allows for tremendous exposure and excess amounts of natural light in both spaces. Gross rental income effective March 1st, 2025 will be $86,928/ year ($7244/ month). In 2019-2020 both spaces were built out with updated flooring, bathrooms, lighting, paint, etc. The building also had a new full tear-off roof installed in 2021. Management company already in place if new owner wishes to continue. There are also two deeded garage parking spaces with a market value of approximately $25,000 each included in the total price. Ideally situated just one mile west of Wrigley field and a 6 minute walk to Addison Brown line station. Offered with a current CAP rate of 8%. New Leases also have 3.5% rent escalations. Please do not disturb or make any inquiries from current tenants. All inquiries should be made only to the listing broker

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For more information about 3740 N Lincoln, Chicago, IL, 60613 or additional property in Chicago, IL, please contact Kieran Fahy.

http://www.Lincolninvestmentproperty.com

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