4001 North Lincoln AvenueChicago, IL 60618Price: $3,000,000

  • Price: $3,000,000
  • 576 Days on Market
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 9,896Square Feet
  • 2003Year Built

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7 retail storefronts (3 commercial condos, 9,896 SF total) + 13-car commercial garage on ground floor of newer 5-story 39-unit mixed-use bldg at main intersection of Lincoln, Damen & Irving Park Rd in North Center. This is the most visible, highest quality construction, best positioned commercial space in this market with a strong mix of mostly long-term national and strong local tenants including Starbucks, Bank of America, Subway, Club Pilates, Ruby Nails, and 2 adjacent vacant spaces (one is a fully-fixtured former Hair Cuttery). There is a CMBS loan with an outstanding balance of ~$2.43 Million at 4.77% with 5+ years remaining on the term that must be assumed, so this could be purchased with 20% down generating a 9% CAP rate and a 15%+ ROI on cash over the next 4 yrs. This property is located at the main 6-corner intersection of Lincoln, Damen and Irving Park in North Center. It has outstanding access to all major transportation modes including CTA bus lines on all 3 intersecting streets, 2 blocks to the Irving Park Brown line subway station away, 1 mile to the Ravenswood Metra station and 2 miles to either Lake Shore Drive or the Kennedy Expressway. Nearby businesses include CVS, Wintrust Bank, MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous neighborhood businesses.

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Listed by Scott Fithian of The Lord Companies L.L.C.

Based on information submitted to MRED  as of October 28, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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