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4050 N Lincoln Ave 1,451 SF Office/Retail Condo Unit Offered at $481,711 CAD in Chicago, IL 60618
Investment Highlights
- Investment opportunity at Lincoln & Irving Park
- Long term local tenants, mostly month-to-month
- Owner occupies one office and wants to stay
- Fully rented office condo
- Very few expenses or maintenance
Executive Summary
Investment opportunity at Lincoln & Irving Park! Fully rented office condo for sale. Condo includes 7 offices, waiting area, kitchen, plus one dedicated parking space. Long term local tenants, mostly month-to-month. Very few expenses or maintenance. Owner occupies one office and wants to stay.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.96% |
| Sale Type | Investment |
| Cap Rate | 7.96% |
Description
Fully-rented! Condo with 7 offices, waiting area, kitchen, plus one dedicated parking space included.
Sale Notes
Investment opportunity at Lincoln & Irving Park! Fully rented office condo. Long term local tenants, mostly month-to-month. Very few expenses or maintenance. Owner occupies one office and wants to stay.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit P19 | 1,451 SF | Office/Retail | $481,711 CAD ($331.99 CAD/SF) | $38,357.43 CAD |
Unit P19
| Unit Size |
| 1,451 SF |
| Condo Use |
| Office/Retail |
| Price |
| $481,711 CAD ($331.99 CAD/SF) |
| NOI |
| $38,357.43 CAD |
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Unit P19
| Unit Size | 1,451 SF |
| Condo Use | Office/Retail |
| Price | $481,711 CAD ($331.99 CAD/SF) |
| NOI | $38,357.43 CAD |
| Sale Type | Investment |
| Cap Rate | 7.96% |
| Description | |
| Fully-rented! Condo with 7 offices, waiting area, kitchen, plus one dedicated parking space included.</li></ul> | |
| Sale Notes | |
| Investment opportunity at Lincoln & Irving Park! Fully rented office condo. Long term local tenants, mostly month-to-month. Very few expenses or maintenance. Owner occupies one office and wants to stay.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 26,840 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 1,450 SF |
| Property Subtype | Apartment | Year Built | 2000 |
| Building Class | C | Lot Size | 0.17 AC |
| Zoning | B3-3 | ||
| Total Building Size | 26,840 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 1,450 SF |
| Year Built | 2000 |
| Lot Size | 0.17 AC |
| Zoning | B3-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
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Photos
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Street
Map
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4050 N Lincoln Ave
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