For Sale
$1,800,000

4611 Lincoln AveChicago, IL 60625

Historic Sullivan building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional Class A creative office building, designed by the renowned Louis Sullivan and built in 1922, presents a unique investment opportunity. Located at 4611 N. Lincoln Avenue in Chicago's desirable Lincoln Square neighborhood, this property boasts 5,030 square feet across a single building. A significant renovation was completed in 2007, maintaining the building's historical charm while incorporating modern amenities. The property offers a Net Net Net (NNN) lease structure for multi-tenant occupancy. The current Net Operating Income (NOI) is $86,057, resulting in a 4.78% capitalization rate. The asking price is $1,800,000. Conveniently located near the CTA Western Brown Line 'L' station, this property benefits from excellent public transportation access, as well as proximity to a variety of shops and restaurants. The building includes two parking spaces. Architectural plans for a potential third-floor addition are also available, offering significant expansion possibilities. This is a rare chance to own a piece of architectural history in a vibrant and thriving Chicago neighborhood.

Highlights

  • Designed by Louis Sullivan, built in 1922.
  • Renovated in 2007.
  • Architectural plans for a third-floor addition available.
  • Prominent Lincoln Avenue location in Chicago's desirable Lincoln Square neighborhood.
  • Walking distance to CTA Western Brown Line 'L' station, shops, and restaurants.
  • Two-car parking.

Property Details for 4611 Lincoln Ave

Property type
Office properties, Office space
Square Feet
5,030 SF
Class
A
Year Built/Renovated
1922/2007
Buildings
126

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.965301
Longitude
-87.6861021
4611 Lincoln Ave, Chicago, Illinois

FAQs

What type of property is this?
Office property - Historic Sullivan building, prime location.
Where is the office property located?
The property is located at 4611 Lincoln Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Designed by Louis Sullivan, built in 1922.; Renovated in 2007.; Architectural plans for a third-floor addition available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4611 Lincoln Ave
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