2825 N Lincoln Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60657- Lakeview
$1,100,000 USD
847-507-7353
2825 N Lincoln Ave, Chicago, IL for Sale
$1,100,000 USD
Storefront Retail/Residential - FOR SALE
1/19
null | 7.08% Cap Rate

2825 N Lincoln Ave
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • Perfect Investment property or owner operator with a recently renovated commercial space and residential units, which provide most of the income
  • First level features front patio with windows that open, dining area, full bar w/ 6 draft lines, existing kitchen (9ft hood and walk in fridge)
  • Second and third floor features two residential, duplex up apartments, both are 2BD/2BA with in unit laundry and decks off the back

OVERVIEW

Three Story, Mixed Use Building in Lakeview on Lincoln Ave, North of Diversey. Perfect Owner/User Property or Investment property with the residential units providing most of the income. First level features front patio with windows that open, dining area, full bar w/ 6 draft lines, existing kitchen (9ft hood and walk in fridge) and two bathrooms (one ADA). Previous bar/restaurant business available at an additional price. Second and third floor features two residential, duplex up apartments, both are 2BD/2BA and there is room to increase the rents, as is. Both apartments offer unique living in a desirable location with in unit laundry and decks off the back Utilities are separately metered, renters pay for gas and electric. Apartments are being rented below market and both offer value add potential to increase income. Fantastic high traffic neighborhood, steps from Humboldt Park and 2 blocks from the Bloomington Trail 0.3 Miles to the Diversey Brown/Purple Line stop, multiple bus stops and Divvy stations plus close access to the Expressway or Lake Shore Drive. Area tenants include: Beermiscuous, Herb & Alchemy, Always There Dental Care, Left Coast, Elbo Room, Rotofugi Toy Store, Gino’s East and much more! Zoning – C1-2 2021 Taxes – $15,413.54 Alderman – Scott Waguespack / 32nd Ward

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

7.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fully Leased Lakeview Building FOR SALE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C1-2

APN/PARCEL ID

14-29-127-014-0000

ASK ABOUT THIS PROPERTY

Dylan Carrigan@properties CommercialMore Info
847-507-7353

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Dylan Carrigan@properties CommercialMore Info
847-507-7353

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.