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3045 N Lincoln Avenue

Chicago, IL 60657
  • $3,945,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 11784030
$3,945,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Majestic & Spectacular Terra Cotta 37,310 SF four story mixed use building on Lincoln Avenue in the heart of Lincoln Park! Soaring ceiling heights of 13' and beyond. Full basement with tall ceilings not included in square footage. Dual elevators, HVAC throughout, 11 off-street parking spots, terrazzo in foyer & grand principal staircase. Presently a first floor day care center and offices on floors 2 - 4. The uses are endless, including potential residential above the first floor. Presently configured with 35+ diverse office spaces with soaring ceilings. Upper floor offices offer unobstructed vistas, intercom/24 hr access, Cisco IP phone systems, digital fiber high speed internet, conference & private meeting rooms. Major capital improvements include window & storefront replacement, rebuilt passenger & freight elevators, newer roof, masonry, upgraded bathrooms & conversion of boiler to gas forced HVAC. All leases are short term. Phenomenal location near Lincoln/Belmont/Ashland and the Southport Corridor. This is an atypical chance to purchase a truly remarkable underutilized property with tremendous upside rental potential or residential development.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3045 N Lincoln Avenue Chicago, IL 60657

  • Price: $3,945,000
  • Status: Active
  • On Site: 22 Days
  • MLS #: 11784030
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
Chi - Lake View
County:
Cook
Area:
Chi - Lake View
Property Description
Majestic & Spectacular Terra Cotta 37,310 SF four story mixed use building on Lincoln Avenue in the heart of Lincoln Park! Soaring ceiling heights of 13' and beyond. Full basement with tall ceilings not included in square footage. Dual elevators, HVAC throughout, 11 off-street parking spots, terrazzo in foyer & grand principal staircase. Presently a first floor day care center and offices on floors 2 - 4. The uses are endless, including potential residential above the first floor. Presently configured with 35+ diverse office spaces with soaring ceilings. Upper floor offices offer unobstructed vistas, intercom/24 hr access, Cisco IP phone systems, digital fiber high speed internet, conference & private meeting rooms. Major capital improvements include window & storefront replacement, rebuilt passenger & freight elevators, newer roof, masonry, upgraded bathrooms & conversion of boiler to gas forced HVAC. All leases are short term. Phenomenal location near Lincoln/Belmont/Ashland and the Southport Corridor. This is an atypical chance to purchase a truly remarkable underutilized property with tremendous upside rental potential or residential development.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 6-12 Spaces Parking Total 11 Roof Membrane Roof Structure Flat Water Drainage Drain Tiles

Interior Features

Cooling Central AirZoned Flooring TerrazzoWood Heat Ventilation Forced AirGas Miscellaneous Inside Common Lunchroom/SCommon Meeting Room/SEmployee KitchenElevator/S FreightInside Corridor/SMulti-TenantPublic Restroom/SBasementHigh Speed Comm Circuits

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Current Use CommercialOffice Electric Circuit Breakers Fire Protection Sprinklers Geographic Locale Chicago North Gross Income 552943 Gross Scheduled Income 552943 Insurance Expense 19000 Mls Actual Status Active Net Operating Income 178248 Number Of Tenants 31 Operating Expense 374695 Possible Use Condominium Property Sub Type Mixed Use Rental Price 15.84 Tax Annual Amount 146273 Tax Year 2021 Tenant Pays Other Total Monthly Income 46078 Township Lake View Type Mixed Use Zoning Rtail

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Great Lakes Realty Central Inc: 773-616-8700.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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