2871 Lincoln Avenue

    Chicago, IL 60657
    • $1,375,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 10296490
    UPDATED: 11 min ago
    $1,375,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,344
      SQFT
    • $111
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Chance to buy a piece of Chicago history - long time established bar Elbo Room plus 2 apartments. Price includes real estate. Business. liquor and entertainment license negotiated separately. Clean three-story building plus basement. Furnaces and A/C replaced in 2006. Windows and tuckpointing completed in 2011. Roof resurfaced 3 years ago. Fujitsu HVAC system installed in 2017. All tenants are month-to-month. Great potential for developer.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Success Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Keller Williams Success Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2019-03-25T12:52:35.167.

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    www.lewkepartners.com/homes/92327357

    2871 Lincoln Avenue Chicago, IL 60657

    • Price: $1,375,000
    • Status: Active
    • Updated: 11 min ago
    • MLS #: 10296490
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    12,344
    SQFT
    $111
    $/SQFT
    Neighborhood:
    Chi - Lake View
    County:
    Cook
    Area:
    Chi - Lake View
    Property Description
    Chance to buy a piece of Chicago history - long time established bar Elbo Room plus 2 apartments. Price includes real estate. Business. liquor and entertainment license negotiated separately. Clean three-story building plus basement. Furnaces and A/C replaced in 2006. Windows and tuckpointing completed in 2011. Roof resurfaced 3 years ago. Fujitsu HVAC system installed in 2017. All tenants are month-to-month. Great potential for developer.
    Exterior Features

    Approx Land Sq Footage 6172 Frontage Access City Street Location CornerMixed Use Area Lot Dimensions 61X25.3X25.3X61 Lot Sq Ft 3086 Number Of Parking Spaces 0 Roof Coverings Tar And Gravel Waterfront YN No

    Interior Features

    Air Conditioning Central Air Number Of Stories 3

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 0 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 44350 Business Age 11+ Years Business Type Bar/Lounge/Nite Club Corporate Limits Chicago Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 91311 Cost Of Goods Year 2017 Current Use Commercial Gross Payroll 45691 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2017 Gross Profit 210648 Gross Profit Expense Source Owner Projection Gross Profit Year 2017 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2017 Gross Sales Annual 308989 Heat Ventilation Central Bldg HeatGas Inventory 0 Inventory Expense Source Combination Inventory Year 2017 Known Encumbrances First Mortgage Living Quarters Available Net Operating Income Year 2017 Net Profit 0 Net Profit Source Owner Projection Possession Closing Potential Use CommercialCondominiumResidential-Multi-FamilyRetail Property Offered For Sale Only Proprietary Info Survey ExistingTax Bill Real Estate Included YN Yes Sale Terms Conventional Tax Year 2017 Taxes 13959 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorial Total Op Exp Year 2017 Total Op Expense Source Owner Projection Total Operating Expenses 213867 Type Of Lease None Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Kamberos Associates.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Success Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Keller Williams Success Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2019-03-25T12:52:35.167.

    Digital Millennium Copyright Act
     
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