3911-15 N Lincoln Avenue, CHICAGO IL 60613 Photo 1 3911-15 N Lincoln Avenue, CHICAGO IL 60613 Photo 2 3911-15 N Lincoln Avenue, CHICAGO IL 60613 Photo 3 3911-15 N Lincoln Avenue, CHICAGO IL 60613 Photo 4 3911-15 N Lincoln Avenue, CHICAGO IL 60613 Photo 5 3911-15 N Lincoln Avenue, CHICAGO IL 60613 Photo 6 3911-15 N Lincoln Avenue, CHICAGO IL 60613 Photo 7 3911-15 N Lincoln Avenue, CHICAGO IL 60613 Photo 8
Listing Courtesy of Mid-America Realty

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3911-15 N Lincoln Avenue - This listing consists of two connected buildings that offer 10.419 sq ft of retail space (presently an owner occupied hardware store) and three apartments. The two extremely large 2 bedroom apartments over the south bldg are 1,721 sqft per plans drafted in early 2000. These units also have a sitting room and family room that have doors and could be used for additional bedrooms. The 1 bedroom apt over the north bldg is approximately 1,000 sq ft per estimate. Income is low because the apartments are presently occupied by employees and the store is the building owner. There is a full basement with 6' 4" ceiling height. There is also a conveyor system from the rear area of the store to the basement. Building has tremendous North Center location. The store inventory and fixtures are for sale at $399,000. This is rock bottom pricing and there is not even a good will dollar amount included. The retail value of the inventory is $400,000 and the fixtures are valued at $260,000.

Listing information

  • MLS® ID: 09318816
  • Status: Active with Contingency
  • New Construction: No
  • County: Cook
  • Style: Mixed Use
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1903
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $18,470


Air Conditioning Central Air
Approximate Age Older
Backup Info Tax Bill
Built Before 1978 (Y/N) Yes
Construction Brick
Contingency Flag Attorney/Inspection
Current Use Commercial, Other
Electrical Service 101-200 Amps, 201-600 Amps, Circuit Breakers
Exterior Building Type Brick
Floor Finish Varies
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Owner Projection
Geographic Locale Chicago North
Heat/Ventilation Forced Air, Gas
Information Listing Agent Must Accompany
Known Encumbrances None Known
Location Central Business District, Mixed Use Area, Public Transport Avail
Misc Inside Basement, Private Restroom/s, Public Restroom/s, Storage Inside
Misc Outside Conveyor System, Enclosed Stairs, Fire Escape, Patio, Sun Deck
Other # Of Apts - 3, # Of Offices - 3, # Of Ranges - 3, # Of Refrigs - 3, # Of Tenants - 4, # Of Units - 4, Approx Total Bldg Sq Ft - 15861, Electricity Expense - 3500, Expense Year - 2015, Fuel Expense - 6000, Gross Rent Multiplier - 13, Gross Rental Income $ - 14280, Insurance Expense - 5400, Monthly Rental Price - 0, Net Oper Income $ - 10513, Net Operating Income Year - 2015, Other Expenses - 0, Scavenger Expense - 2300, Tax Year - 2015, Total Annual Exp - 37670, Total Annual Income - 142800, Total Monthly Income - 11900, Township - Lake View, Water Expense - 2000, Zoning Type - Rtail
Outdoor Parking None On Site
Owners Assoc (Y/N) No
Ownership Type Limited Partnership
Potential Use Commercial, Residential-Multi-Family
Property Type Mixed Use
Roof Coverings Rubber
Roof Structure Flat
Sale Terms Conventional
Tenant Pays Air Conditioning, Electric, Heat
Unincorporated (Y/N) No
Utilities To Site Electric to Site, Gas to Site, Sanitary Sewer to Site, Sewer-Storm Available, Water to Site, Water-Municipal
Listing Courtesy of Mid-America Realty