Listed by Berkshire Hathaway HomeServices Chicago
$360,000
4357 N Lincoln Avenue C
Details
APN 14183050411001
Property Type Multifamily, Retail
Sub Type Apartment Building, Storefront
NOI $23,806
Year Built 2014
Stories 4
Lot Size (SqFt) 3,169
Multifamily
Marketing description
Perfect commercial condo opportunity for an investor or owner/occupier. The unit is already nicely built out and currently tenanted with an arts and crafts business. B1-2 zoning which permits a variety of retail uses. Tenant pays $3,150 / month until 10/31/26 and $3,200 / month between 11/01/26 - 10/31/27. There is an option to renew for an additional 3 years at 5 per cent more than the prior year. Tenant pays for all expenses other than Mortgage, Property Tax and HOA. Low HOA fees currently $85.90 per month.
Listing Contacts
Listed by Berkshire Hathaway HomeServices Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$23,806.00
$1,983.83/mo
Valuation Metrics
0
DSCR
6.61%
Cap Rate
6.61%
ROI
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