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5875 Lincoln Ave Chicago, IL 60659

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For Sale
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High-yield, multi-tenant office building

Property size:
35,282 SF

Property Features for 5875 Lincoln Ave

General Information

Property type
Office Properties & Spaces
Square Feet
35,282 SF

Building Details

Buildings
1
Units
62

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Listing Contact
Theron May
Theron May

Listing Agent: Theron May

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Next Level Construction Construction Company All Suburban Electric Electrical Service Codinex Co (Bike/Boat/Book/etc) Store FIFTY SEVEN CORP Business Management Consultant The Law Office of Timothy ... Law Firm

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7035844
Latitude
41.9884261

FAQs

What type of property is this?
Office Property / Space - High-yield, multi-tenant office building
Where is this office property / space located?
The property is located at 5875 Lincoln Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,127,000.
What are key features of this property?
This property features: 35,282 SF multi-tenant office building in Chicago, IL.; 28,272 SF land parcel.; $85,002 in 2023 property taxes.
(773) 736-6461 Call to check price and availability
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