2965 N Lincoln Avenue
Chicago, IL 60657

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Description

CALLING ALL DEVELOPERS FOR BIDS NOW!! PRIME LAKEVIEW LOCATION - 0.6MI TO WELLINGTON 'L' STATION REDEVELOPMENT OPPORTUNITY WITH SELLER FINANCING OPTIONS ZONED B3-2.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60657
• Year Built: 1889
• Sq.Ft.: 5,371 sq ft
• Stories: 3
• Units: 3 units
• Zoning: COMMR
• # Of Apts: 2
• # Of Stores: 1
• Approximate Age: Older
• Building Area Total: 5371
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.01
• Construction Materials: Wood
• Cooling: Central Individual, Window Unit(s)
• Directions: Lincoln North or South to 2965
• Electric: Circuit Breakers
• Expense Year: 2024
• Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
• Flooring: Carpet, Varies, Wood
• Foundation Details: Block
• Geographic Locale: Chicago North
• Gross Income: 89371
• Gross Rent Multiplier: 9.75
• Gross Scheduled Income: 99945
• Heat/Ventilation: Ceiling Units, Forced Air, Gas
• Information: Show-Lock Box, 48-Hr Notice Required, Other-See Remarks
• Insurance Expense: 5200
• Insurance Expense Source: Actual
• Known Encumbrances: None Known
• Location: Mixed Use Area
• Main Type: Commercial Sale
• Misc Inside: Basement
• Operating Expense: 31604
• Other Expense: 4469
• Other Expense Source: Actual
• Outdoor Parking: 1-5 Spaces
• Ownership Type: Corporation
• Property Sub Type: Mixed Use
• Roof: Composition
• Roof Structure: Pitched
• Tax Annual Amount: 16059.67
• Tax Year: 2023
• Tenant Pays: Varies by Tenant
• Total Annual Expense Source: Combination
• Total Monthly Income: 7448
• Trash Expense: 2111
• Trash Expense Source: Actual
• Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
• Virtual Tour Date: 2025-08-27T14:25:35
• Water Expense Source: Actual
• Water Sewer Expense: 2300
• Water Source: Municipal Water