Scott Fithian
Direct: 773.404.4314
Fax: 312.944.3759
scott@lordcompanies.com
CROSS STREETS:  LINCOLN & WARNER
COMMERCIAL CONDO
FOR SALE OR LEASE
NEIGHBORHOOD: NORTH CENTER
4124 N LINCOLN
THE LORD COMPANIES, L.L.C.
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Retail Brokers Network
1030 North Clark Street, Suite 300, Chicago, Illinois, 60610, Phone: 312.944.6270, Fax: 312.944.3759
Commercial Space: 1,142 SF ground floor commercial condo in newer 4-story mixed-use condo
building. Recently built-out for counseling office with 4 private offices, waiting area, kitchenette/break
room and ADA washroom.

Lease Rate: $2,500/mo ($26/SF), modified gross

Sale Price: $250,000 ($219/SF)

Current Income: $28,200 ($25/SF), current lease expires Summer 2019

Expenses: 2018 real estate taxes were $4,831 ($4.23/SF). Building expenses including assessments,
insurance and maintenance were $2,454 ($2.15/SF)

NOI: $20,900 ($18/SF), 8.4% CAP rate

Location: High visibility location 1.5 blocks north of Lincoln/Damen/Irving Park Rd intersection. 0.4
mile to new CTA Brown line station at Irving Park Rd. Nearby businesses include CVS, Wintrust Bank,
MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous
neighborhood restaurants and local businesses. This area also has several of the best public and
private schools in Chicago which has drawn affluent young families that intend to stay in Chicago.

Zoning: B1-2 (Neighborhood Shopping District), 47th Ward (Ald. Ameya Pawar)

Demographics: (2018)                1.0 mi                     3.0 m
Population
Households
Average Household Income
Median Household Income
Avg Household Size
Average Age
Median Home Value
,
49,671                   542,879
23,563                   245,645
$119,104               $93,084
$88,395                 $65,790
2.00                       2.10
35.50                     36.20
$496,774               $344,203
Traffic Counts: 11,800 vehicles per day (VPD) on Lincoln Ave, 9,700 VPD on Damen Ave, 30,300
VPD on Irving Park Road.
Aerial Map