5737 N Lincoln Avenue
Chicago, IL 60659

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Description

Prime location along the vibrant Lincoln Avenue corridor. Positioned on a high-traffic corner with outstanding visibility, this property offers one of the area's most sought-after opportunities for investors. The building is fully occupied, delivering stable and predictable income. This renovated retail property sits on a double lot and features seven tenants, including well-established restaurants, a dental office, and other retail businesses. With numerous recent upgrades and improvements, this is a truly turnkey, worry-free investment in a proven commercial corridor. Property addresses: 5737-5741 N. Lincoln Ave and 5744-5752 N. California Ave. An exceptional investment opportunity in an outstanding location.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60659
• Year Built: 1957
• Sq.Ft.: 12,000 sq ft
• Stories: 1
• Units: 7 units
• Zoning: COMMR
• # Of Tenants: 7
• Additional Parcels: Yes
• Building Area Total: 12000
• Construction Materials: Concrete, Block, Brick, Other
• Cooling: Central Air
• Directions: North of Bryn Mawr Ave to 5737 N. Lincoln Ave and 5744 -5752 N California Ave - Three adjacent buildings.
• Electric: Circuit Breakers, Separate Meters, Service - 201 to 600 Amps
• Expense Year: 2023
• Extra Storage Spaces Available (Y/N): Yes
• Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s
• Foundation Details: Concrete Perimeter
• Gross Income: 19000
• Gross Scheduled Income: 228000
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air
• Information: 24-Hr Notice Required, List Broker Must Accompany, Show-Call Listing Office, No Sign on Property, Highly Confidential
• Investment (Y/N): Yes
• Leasable Area: 4996
• Leasable Area Units: Square Feet
• Location: Central Business District, Mixed Use Area, Public Transport Avail
• Lot Size Square Feet: 31372
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1600
• Misc Inside: Multi-Tenant, Private Restroom/s, Storage Inside
• Outdoor Parking: 31-50 Spaces
• Property Offered: For Sale Only
• Tax Annual Amount: 58000
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Scavenger, Sewer, Varies by Tenant
• Total Annual Expense Source: Combination
• Total Monthly Income: 19000
• Township: Jefferson
• Utilities: Electricity Nearby, Electric to Site, Natural Gas Available
• Water Drainage: Floor Drains, Storm Sewers