4124 Lincoln Avenue , #1

    Chicago, IL 60618
    • $215,000
    • STATUS: Active
    • ON SITE: 137 days
    • MLS #: 10259623
    UPDATED: 223 min ago
    $215,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,142
      SQFT
    • $188
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2005
    County:

    School Ratings & Info

    Description

    Newer construction 1,142 SF commercial condo with short lease term remaining (6/30/18) with existing tenant. Available either for sale or for lease. Pro forma CAP rate of 10%+ on NOI of $22,300. Recently built-out for counseling office with 4 private offices, waiting area, kitchenette/break room and ADA washroom. RE taxes are much lower than typical for newer commercial condos ($4.23/SF). Very nice neighborhood just north of Lincoln/Damen/Irving Park Rd intersection. 0.4 mile to new CTA Brown line station at Irving Park Rd. Nearby businesses include CVS, Wintrust Bank, MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous neighborhood restaurants and local businesses. This area also has several of the best public and private schools in Chicago which has drawn affluent young families that intend to stay in Chicago. Easy street parking.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2019-06-15T23:51:11.883 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.thewexlergroup.com/homes/91281686

    4124 Lincoln Avenue , #1 Chicago, IL 60618

    • Price: $215,000
    • Status: Active
    • Updated: 223 min ago
    • MLS #: 10259623
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,142
    SQFT
    $188
    $/SQFT
    2005
    Built
    Neighborhood:
    Chi - North Center
    County:
    Cook
    Area:
    Chi - North Center
    Property Description
    Newer construction 1,142 SF commercial condo with short lease term remaining (6/30/18) with existing tenant. Available either for sale or for lease. Pro forma CAP rate of 10%+ on NOI of $22,300. Recently built-out for counseling office with 4 private offices, waiting area, kitchenette/break room and ADA washroom. RE taxes are much lower than typical for newer commercial condos ($4.23/SF). Very nice neighborhood just north of Lincoln/Damen/Irving Park Rd intersection. 0.4 mile to new CTA Brown line station at Irving Park Rd. Nearby businesses include CVS, Wintrust Bank, MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous neighborhood restaurants and local businesses. This area also has several of the best public and private schools in Chicago which has drawn affluent young families that intend to stay in Chicago. Easy street parking.
    Exterior Features

    Construction BrickConcrete Block Frontage Access City Street Location Mixed Use Area Lot Dimensions 18.33X58.2X23.67 Lot Sq Ft 1142 Number Of Parking Spaces 0 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Air Fire Protection Smoke Or Fire Protectors Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SPrivate Restroom/SStorage Inside Number Of Drive In Doors 0 Number Of Stories 4

    Property Features

    Age New Rehab Current Use Office And Research Electrical Service Circuit Breakers Estimated Cam SF 0 Expense Year 2019 Exterior Building Type Brick Financial Amounts For Total Building Rental Onl No Geographic Locale Chicago North Gross Rental Income Amount 30000 Heat Ventilation Forced AirGas Investment YN Yes Lease Type Modified Gross Max Avail Sq Ft Rentable 1142 Min Avail Sq Ft Rentable 1142 Monthly Rental Price 2500 Net Oper Income Amount 22300 Net Operating Income Year 2019 Number Of Tenants 1 Possession Specific Date Potential Use CommercialOffice And ResearchRetail Property Offered For Sale Or Rent Rental Price 26.27 Tax Year 2017 Taxes 4831 Tenant Pays Air ConditioningElectricHeatJanitorialRepairs And MaintenanceVaries By Tenant Total Annual Exp 7700 Total Annual Expense Source Combination Total Annual Income 30000 Total Monthly Income 2500 Township Lake View Unincorporated YN No Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of The Lord Companies L.L.C..


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2019-06-15T23:51:11.883 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    The Wexler Group
    16123 S LaGrange Road
    Orland Park IL, 60467