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29969796
29969797

5582 N Lincoln Avenue C2, Chicago, IL 60625 For Sale

Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago
$375,000
144 days on market
Updated 83 days ago

5582 N Lincoln Avenue C2

Details
APN 13122010561037
Property Type Multifamily, Office (+2)
Sub Type Apartment Building, Traditional Office (+3)
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.
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Listing Contacts

Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$18,000.00
$1,500.00/mo

Valuation Metrics

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DSCR
4.8%
Cap Rate
4.8%
ROI

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