3740 N LINCOLN AVE Chicago IL 60613-3518

Now reduced to $670k-Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Newer 5 year leases until 2030 with established tenants since 2019. Unique property with over 130 ft of road frontage that allows for tremendous exposure and excess amounts of natural light in both spaces. Gross rental income effective March 1st, 2026 is $89,970/ year ($7497/ month). In 2019-2020 both spaces were built out with updated flooring, bathrooms, lighting, paint, etc. The building also had a new full tear-off roof installed in 2021. Management company already in place if new owner wishes to continue. There are also two deeded garage parking spaces with a market value of approximately $25,000 each included in the total price. Ideally situated just one mile west of Wrigley field and a 6 minute walk to Addison Brown line station. Offered with a current CAP rate of 8.74%. New Leases also have 3.5% rent escalations. Please do not disturb or make any inquiries from current tenants. All inquiries should be made only to the listing broker

-Established tenants since 2019

-Newer leases until 2030

-2 x deeded garage parking spaces included

-6 minute walk to Addison Brown Line

-Unique property with excess road frontage

-Across the street from high volume Trader Joe’s

-CAP rate of 8.4%