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2825 N Lincoln Ave
Chicago, IL 60657 Lakeview

$1,100,000 USD

Storefront Retail Residential For Sale • 3,600 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 3,600 SF
Lot Size 0.05 AC
Building Class B
Year Built 1909
Cap Rate 7.08 %
Tenancy Multiple
Zoning C1-2

79 Transit Score

94 Walk Score

                
                    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

Property Flyers

2825 N LINCOLN - Sale Brochure

Financial Summary (Proforma)

Net Operating Income: $77,892 USD (2021)

Cap Rate:	7.08 %
Total Expenses:	$21,114 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Herb N Juice	1,200 SF	1/31/2024

Amenities

Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	-	1.6 mi
Ravenswood Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra))	8 min	-	3.0 mi
Transit/Subway	Drive	Walk	Distance
Diversey Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"))	1 min	7 min	0.4 mi
Wellington Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	10 min	0.5 mi
Fullerton Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"), Red Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	14 min	0.7 mi
Belmont Station (Brown, Purple, Red Lines) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L"), Red Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	15 min	0.8 mi
Southport Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"))	4 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Chicago Midway International	29 min	-	14.1 mi
Chicago O'Hare International	48 min	-	17.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Surface
Included in Rent:	Yes

Dylan Carrigan 847-507-7353 @properties Commercial

2825 N Lincoln Ave Chicago, IL 60657 Lakeview