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About the Listing 88183 - 1016193
Trophy building at the heart of Lincoln Square, a highly visible corner across from Welles Park and Small Cheval. The building is anchored by L&M Deli, a neighborhood staple serving deli sandwiches, high-end groceries, as as beer, wine, and liquor. In addition, there are four large apartments (1) three bed / one bath and (3) two bed / one baths. The building underwent significant renovation in 2007 including the replacement of all copper water lines, all electric, a new main water line, new windows, and the cosmetic renovation of all units. In 2022, new HVAC was installed for all of the retail space. The apartments all have central air AC with clean, rental quality finishes (hardwood floors, laminate counters, and entry level appliances). Laundry is a shared community room on the 2nd floor of the building. L&M Deli has been in business at this location for six years with four years remaining on their lease and (2) five-year options. The space has had extensive upgrades including two large, walk-in freezers, a 1,500 SF air-conditioned prep kitchen in the basement, as well as ventilation and black iron for the kitchen. A new buyer has the opportunity to mark the existing apartment rents to market amid growing rental pressure and a lack of available supply, all while owning a trophy building with cash flow in place.
Listing Highlights for 4363 N Lincoln Ave
Status
Active
Days on Site
4
Property Type
Commercial Sale
MLS ®
12484527
Year Built
1915
Total Square Footage
7,499
Lot/Acreage
0.06
County
Cook
Area
CHI - North Center
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 2,502 SF
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $17,908
- Taxes w/Assessments: N/A
- Tax/Property ID: 14183050010000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
4363 N Lincoln Ave Chicago, IL 60618
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