I rarely post investment deals outside of California these days but this one looks very attractive. Lincoln Park is one of the most expensive suburbs outside of Chicago. Home prices average $1M+ and household income in the area is over $139,000. Chase is one of the winners in the banking world and this corner location on the main thoroughfare is a great location. Cap rate is 7.03%, $2,125,000 price with $149,336 net operating income. This is a sold 1031 exchange option or straight investment purchase. Call me for details on this quite popular investment opportunity.
2 comments:
Sorry dude. Lincoln Park is very much part of the city of Chicago. Like, the beating ossified heart of Chicago.
I stand corrected!
Wikipedia link below with very interesting details on land grants, cultural influences and riots in the late 1960s.
http://en.wikipedia.org/wiki/Lincoln_Park,_Chicago
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