
Listed by Berkshire Hathaway HomeServices Chicago
$375,000
5582 N Lincoln Avenue C2
Details
APN 13122010561037
Property Type Multifamily, Office
Sub Type Apartment Building, Traditional Office
Units 1
NOI $18,000
Year Built 2006
Stories 5
Lot Size (SqFt) 25,000
Zoning OFFIC
Multifamily | 1 Unit
Marketing description
Prime Lincoln Avenue location with great visibility. This modern first-floor space offers 1,261 sq ft plus 922 sq ft of lower level storage, ideal for boutique retail, cafe, salon, spa, yoga or fitness studio, professional office, therapy or medical practice, real estate or insurance office, or other neighborhood-serving commercial uses permitted under B2-3 zoning. Large display windows with awnings provide strong street presence and natural light. The space features central A/C and heat, a kitchenette with sink and refrigerator, a bathroom, and a water fountain. Two rear parking spaces are included, with ample street parking nearby for customers or clients. Offered for sale at $375,000 or for lease at $1,500 per month NNN, with estimated NNN expenses of approximately $845 per month (property taxes and HOA). Tenant responsible for electricity. Estimated total monthly occupancy cost is approximately $2,345 per month plus electric. A solid opportunity on Lincoln Avenue.
Listing Contacts

Listed by Berkshire Hathaway HomeServices Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$18,000.00
$1,500.00/mo
Valuation Metrics
0
DSCR
4.8%
Cap Rate
4.8%
ROI
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