3807 Lincoln AveChicago, IL 60613

Property Details for 3807 Lincoln Ave

Year built

2001

Lot size

0.07 AC

Property type

Office properties

APN

14-19-212-042-1001

APU

14192120421001

Description

This 1,833-square-foot commercial condominium, located at 3807 N Lincoln Ave in Chicago's North Center neighborhood, is a single-tenant space ideal for medical or retail use. Renovated in 2012, the property features a welcoming reception area, one large room (17' x 17'), three treatment rooms with sinks, three additional multi-purpose rooms, and two ADA-compliant bathrooms with showers, plus an additional guest bathroom. A kitchen, washer/dryer hookup, and ample storage, including a 15' x 15' private basement storage room, are also included. High-quality finishes such as engineered hardwood floors, recessed lighting with dimmers, and soundproofed doors enhance the space. The property benefits from central heat and air conditioning and separate utility meters. Its prime location on Lincoln Avenue, near the intersection of Lincoln and Grace, offers excellent visibility, situated across from a Trader Joe's. The B1-2 zoning allows for a variety of uses. Cook County APN: 14-19-212-042-1001. The vibrant North Center neighborhood boasts easy access to public transportation, including the CTA Brown Line and various bus routes, and is known for its diverse mix of retail, restaurants, and entertainment options. This property presents a unique opportunity in a thriving Chicago location.

• CAP approach

  CAP return

  Valuation

  6%

  $940,677

  6.5%

  $868,317

  7%

  $806,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,031

  Geo Method

  $407,031

• Alternative Use

  Use

  Valuation

  Residential

  $1,076,713

  Hospitality

  $986,263

  Educational

  $820,559

  Medical

  $848,780

  Retail

  $1,276,426

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9509

Longitude

-87.6761

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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