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    2825 N Lincoln Avenue

    Chicago, IL 60657
    • $1,050,000
    • STATUS: Active
    • ON SITE: 47 days
    • MLS #: 10946781
    UPDATED: 50 min ago
    $1,050,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1912
    County:

    School Ratings & Info

    Description

    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 licenses can also be purchased from previous tenant to expedite the city licensing process. Second and third floor features two residential, duplex up apartments, both are 2BD/2BA. 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. 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!

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    © 2021 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 BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-21T20:52:33.187 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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    2825 N Lincoln Avenue Chicago, IL 60657

    • Price: $1,050,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 10946781
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1912
    Built
    Neighborhood:
    Chi - Lake View
    County:
    Cook
    Area:
    Chi - Lake View
    Property Description
    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 licenses can also be purchased from previous tenant to expedite the city licensing process. Second and third floor features two residential, duplex up apartments, both are 2BD/2BA. 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. 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!
    Exterior Features

    Parking Total 5

    Interior Features

    Cooling Central Air Electric Separate Meters Fire Protection Other Heat Ventilation Central Heat/Indiv Controls Number Of Apts 2 Number Of Offices 1 Number Of Stores 1

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 6.69 Electric Expense 0 Existing Lease Type Net Expense Year 2019 Fuel Expense 0 Geographic Locale Downtown Chicago Gross Income 93900 Gross Scheduled Income 93900 Insurance Expense 3200 Lot Size Dimensions 25X125 Net Operating Income Year 2019 Operating Expense 23626 Other Expense 500 Tax Annual Amount 18926 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatScavengerSewer Total Actual Rent 3525 Total Monthly Income 7825 Trash Expense 0 Water Sewer Expense 1000 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties Commercial.


    © 2021 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 BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-21T20:52:33.187 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
     
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