5875 Lincoln Ave Chicago, IL 60659

This exceptional 35,282 square foot multi-tenant office building in Chicago, IL presents a compelling investment opportunity. Located at 5875 N Lincoln Ave, this property boasts 62 units, with 56 currently leased (94% occupancy), offering immediate cash flow. The building sits on a 28,272 square foot lot and includes 45 private parking stalls, supplemented by ample street parking. The property's B3-2 zoning permits apartments above the ground floor, presenting potential for future development. Short-term leases with high renewal rates ensure stable operation. Conveniently located near public transportation (CTA #11 and #84 bus routes), major expressways (I-94 and Lake Shore Drive), Northeastern Illinois University, and numerous amenities including Mather High School, Mather Park, and a variety of restaurants. The property features security cameras and substantial remodel, demolition, and relocation clauses within existing leases. Four tax parcels comprise the land. Annual property taxes (2023 payable) totaled $85,002. The strong demographics of the area, with high household incomes and a dense business population within a 2-5 mile radius, further enhance the investment potential. Daily traffic counts at the intersection of Lincoln Avenue and Richmond Street exceed 29,000 vehicles. This is a turnkey opportunity for a savvy investor seeking a stable, high-return property in a prime Chicago location.