3740 N Lincoln, Chicago, IL 60613
Back to Website: Lincolninvestmentproperty.com
Photo Gallery
Click on a thumbnail to enlarge the image.
Status:Sold
MLS #:12460432
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 8.74% CAP with established tenants already in place
- -Two deeded parking spaces included (Approx $25k each value)
Remarks
*THIS PROPERTY IS NOW SOLD AS OF 06/24/2026 FOR $625,000*
Now reduced to $670,000 with an impressive 8.74% return. Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Newer 5 year leases until 2030 with established tenants since 2019. 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, 2026 is $89,970/ year ($7497/ month). In 2019-2020 both spaces were built out with updated flooring, bathrooms, lighting, paint, etc. The building also had a new 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 over 8%. New Leases also have 3.5% rent escalations. Please do not disturb or make any inquiries from current tenants. All inquiries to listing broker only.*The roof in 2021 was actually a Johns Manville TPO 60mil layover with half inch coverboard. Warrantied until 2037*
Now reduced to $670,000 with an impressive 8.74% return. Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Newer 5 year leases until 2030 with established tenants since 2019. 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, 2026 is $89,970/ year ($7497/ month). In 2019-2020 both spaces were built out with updated flooring, bathrooms, lighting, paint, etc. The building also had a new 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 over 8%. New Leases also have 3.5% rent escalations. Please do not disturb or make any inquiries from current tenants. All inquiries to listing broker only.*The roof in 2021 was actually a Johns Manville TPO 60mil layover with half inch coverboard. Warrantied until 2037*
