$1,460,892*
●
Commercial -
Off Market
2940 North Lincoln Avenue
Chicago, IL 60657
Studio
0 Bath
$1,013,000 - $1,237,000
Reference Base Price*
29.86%
Since Feb 1, 2021
National-US
Primary Model
About This Property
SEE OR REQUEST SALE FLYER FOR FULL FINANCIALS, FLOOR PLANS, AND
ADDITIONAL INFORMATION. 100%-occupied three-unit property on
Lincoln Avenue in Lakeview - all spaces are commercial. Two
fresh leases: Summer 2020 for 3 years ($3300/month) & Winter 2020
for 5 years ($3450/month with 3% annual escalations). Third
floor long-term office tenant is under market.
COVID-resistant tenants - all current on rent. Property was
extensively rehabbed in 2012 - all major components. Tenants pay
electric & gas; landlord pays water/sewer, insurance, real estate
taxes (base year increases for 3rd oor tenant), common
repairs & maintenance, and common electric. Additional income
through parking ($325/month leased to 3rd floor tenant) and three
basement storage units (one leased for $200/month; two others
currently vacant).
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$23,448
HOA Dues
-
Year Built
-
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 2, 2021 | No longer available | - | |
| No longer available | |||
| Oct 1, 2020 | Relisted | $1,125,000 | |
| Relisted | |||
| Sep 4, 2020 | No longer available | - | |
| No longer available | |||
| Jul 31, 2020 | Listed | $1,150,000 | |
| Listed | |||
Property Highlights
Air Conditioning
2940 North Lincoln Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Commercial
Loft
-
5,500 ft²
$173/ft²
$950,000
Jul 26, 2022
-
$1,906/mo
Active
Commercial
Loft
-
3,630 ft²
$358/ft²
$1,300,000
Apr 10, 2022
-
$1,084/mo
In Contract
House
4
Beds
3.5
Baths
-
$1,099,000
Jan 16, 2023
-
$300/mo
In Contract
House
4
Beds
3.5
Baths
3,300 ft²
$356/ft²
$1,175,000
Jan 4, 2023
-
$1,326/mo
Multifamily
4
Beds
2.5
Baths
2,300 ft²
$491/ft²
$1,129,555
Jan 6, 2023
-
$250/mo
Multifamily
4
Beds
3.5
Baths
2,782 ft²
$431/ft²
$1,199,999
Feb 9, 2023
-
$2,484/mo
In Contract
Multifamily
4
Beds
3
Baths
-
$1,150,000
Jan 5, 2023
-
$1,809/mo
Multifamily
4
Beds
2.5
Baths
2,058 ft²
$491/ft²
$1,010,000
Feb 15, 2023
-
$197/mo
Multifamily
4
Beds
3.5
Baths
-
$1,249,999
Feb 15, 2023
-
$200/mo
Multifamily
4
Beds
2.5
Baths
-
$999,999
Feb 15, 2023
-
$1,669/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/12/2021
|
|
Loft
|
-
|
-
|
$1,095,000
Loft
-
|
-
-
|
-
|
Thomas Hart
33 Realty
|
|
07/08/2020
|
|
Loft
|
-
|
-
|
$1,150,000
Loft
-
|
-
-
|
-
|
-
|
|
04/04/2020
|
Loft
|
-
|
-
|
-
Loft
-
|
-
-
|
-
|
-
|
|
|
01/31/2018
|
|
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
-
|
Building Info
