Retail Property At 3832 North Lincoln Avenue Sells For $1.51 Million In Chicago's North Center

The asset involved in the transaction is a retail property located at 3832 North Lincoln Avenue in Chicago, IL. This two-story property spans 6,000 square feet and was sold for a price of $1,507,500, equating to a price per square foot of $251.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,507,500
• Square Footage: 6,000
• Address: 3832 North Lincoln Avenue
• Market: Chicago, IL
• Price per Square Foot: $251
• Broker Representatives: Tim Rasmussen & Marcus Sullivan - SVN

The transaction was facilitated by SVN | Chicago Commercial, and the property attracted multiple offers, ultimately selling 8% above the asking price. The deal was completed in less than a month.