Water Views - Eco Friendly
Address
2940 N Lincoln Avenue Chicago, IL
Price
$ 1,095,000
Property Attributes
  • MLS#11084746
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lake View
  • NeighborhoodLake View
  • Zip60657
  • StyleCommercial,Office and Research,Retail
  • Year Built1929
  • Taxes$ 23448
  • Price$ 1,095,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6170
Listing Provided Courtesy Of:
33 Realty
Data Source:
Midwest Real Estate Data LLC
Property Description

SEE OR REQUEST SALES FLYER FOR FULL FINANCIALS, FLOOR PLANS, AND ADDITIONAL INFORMATION. 100%-occupied three-unit property on Lincoln Avenue in Lakeview - all spaces are commercial. Two fresh leases: Summer 2020 for 3 years ($3300/month) & Winter 2021 for 5 years ($3450/month with 3% annual escalations). Third floor long-term office tenant is under market and expires August 2021. COVID-resistant tenants - all current on rent. Property was extensively rehabbed in 2012 - all major components. Tenants pay electric & gas; landlord pays water/sewer, insurance, real estate taxes (base year increases for 3rd oor tenant), common repairs & maintenance, and common electric. Additional income through parking ($325/month leased to 3rd floor tenant) and three basement storage units (one leased for $200/month; two others currently vacant).

Price History
5/12/2021 Listed $1,095,000

General Features

Construction Materials Brick
Cooling Central Air, Space Pac
Current Use Commercial, Office
Electric Circuit Breakers
Flooring Concrete
Possible Use Commercial, Office and Research, Retail
Property Type Commercial Sale
Property Type Office/Tech
Standard Status Active
Stories 3
Tax Annual Amount 23448
Total Units 3
Township North Chicago
Zoning COMMR

Exterior Features

Building Area Total 6170
Exterior Brick
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 24X125.78
Lot Size Square Feet 3125
Total Parking 2

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60657

Price
AVG $320K
$1.1M
Taxes
AVG $18,771
$23,448
Year Built
AVG 1954
1929
Walkscore
AVG 93
92
Data Provided by Walkscore ® not using MLS data

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