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    2965 Lincoln Avenue

    Chicago, IL 60657
    • $850,000
    • STATUS: Active
    • ON SITE: 84 days
    • MLS #: 10760747
    UPDATED: 46 min ago
    $850,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,371
      SQFT
    • $158
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1889
    County:

    School Ratings & Info

    Description

    Your perfect investment awaits! The unit mix consists of one (1) ground floor commercial space, one (1) 2 Bed / 1 Bath, and one (1) 3 Bed / 1 Bath apartments. The property also features two (2) exterior parking spaces in the rear. The 1,500 SF retail space is currently vacant and was previously occupied by a Thai restaurant that had operated in the space for several years. Please note the market income reflects this space leased. The residential units offer an enormous amount of living space for the tenants. The kitchens feature updated wood cabinetry, stainless steel appliances, dishwashers, and laminate countertops. The apartments include large separate dining areas, recently updated bathrooms with beautiful fixtures, and hardwood flooring throughout the living spaces. All the units have individual HVAC units and hot water heaters that are separately metered. Electricity is also separately metered; utilities are tenant paid. An investor or owner user has an extremely rare opportunity to acquire a mixed-use asset in an area of Chicago that has seen tremendous growth and development in recent years. A new buyer can capitalize by simply leasing the ground floor commercial space, and raising rents to market level.

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    © 2020 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 Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-19T13:51:21.58 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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    2965 Lincoln Avenue Chicago, IL 60657

    • Price: $850,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 10760747
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,371
    SQFT
    $158
    $/SQFT
    1889
    Built
    Neighborhood:
    Chi - Lake View
    County:
    Cook
    Area:
    Chi - Lake View
    Property Description
    Your perfect investment awaits! The unit mix consists of one (1) ground floor commercial space, one (1) 2 Bed / 1 Bath, and one (1) 3 Bed / 1 Bath apartments. The property also features two (2) exterior parking spaces in the rear. The 1,500 SF retail space is currently vacant and was previously occupied by a Thai restaurant that had operated in the space for several years. Please note the market income reflects this space leased. The residential units offer an enormous amount of living space for the tenants. The kitchens feature updated wood cabinetry, stainless steel appliances, dishwashers, and laminate countertops. The apartments include large separate dining areas, recently updated bathrooms with beautiful fixtures, and hardwood flooring throughout the living spaces. All the units have individual HVAC units and hot water heaters that are separately metered. Electricity is also separately metered; utilities are tenant paid. An investor or owner user has an extremely rare opportunity to acquire a mixed-use asset in an area of Chicago that has seen tremendous growth and development in recent years. A new buyer can capitalize by simply leasing the ground floor commercial space, and raising rents to market level.
    Exterior Features

    Construction Wood Frame Docks None Foundation Block Frontage Access City Street Location Mixed Use Area Lot Dimensions 25X125 Lot Sq Ft 0 Number Of Parking Spaces 2 Roof Coverings Shingle Composition Roof Structure Pitched

    Interior Features

    Air Conditioning Central IndividualWindow Unit/S Fire Protection Smoke Or Fire Protectors Floor Finish CarpetVariesWood Miscellaneous Inside Basement Number Of Apts 2 Number Of Offices 0 Number Of Stores 1 Number Of Stories 3 Outdoor Parking 1-5 Spaces

    Property Features

    Age Older Built Before1978 YN Yes Current Use Commercial Electrical Service Circuit Breakers Electricity Expense 0 Fuel Expense 0 Geographic Locale Chicago North Gross Rental Income Amount 80700 Heat Ventilation Ceiling UnitsForced AirGas Insurance Expense 0 Known Encumbrances None Known Lease Type N/A Net Oper Income Amount 60899 Other Expenses 0 Potential Use CommercialRetail Rental Price 0 Sale Terms Conventional Tax Year 2019 Taxes 14569.3 Tenant Pays Varies By Tenant Total Annual Exp 24124 Total Annual Income 80700 Total Monthly Income 6725 Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater To Site Water Expense 0 Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Chicago-Lincoln Park.


    © 2020 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 Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-19T13:51:21.58 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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    1547 Westchester Blvd.
    Westchester IL, 60154