Chicago, IL 60625,5441 N Lincoln AVE
Chicago, IL 60625,5441 N Lincoln AVE
Chicago, IL 60625,5441 N Lincoln AVE
Chicago, IL 60625,5441 N Lincoln AVE
Chicago, IL 60625,5441 N Lincoln AVE
Chicago, IL 60625,5441 N Lincoln AVE
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$1,500,000

$1,599,000

6.2%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/13/2025

Key Details

Sold Price $1,500,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12198538

Sold Date 05/13/25

Year Built 1929

Annual Tax Amount $12,827

Tax Year 2023

Lot Dimensions 50 X 119

Property Sub-Type Mixed Use

Property Description

Lincoln Square Exceptional 7 Unit building walking distance to Brown Line and Metra featuring Four 5 room, 2-bedroom units with 1 bathroom each, and Three office/commercial units with 1 bathroom each. Each of the 4 apartments are large, approximately 1,300 Sq. Ft each. There are 4 garage parking spaces in rear and incredible rooftop deck possibilities to entertain with 360 views of the city. All units feature separate GFA heat, central air, separate gas and electric. Low-cost building to operate. Apartments feature 10-foot ceilings, inviting warm wood trim, hardwood floors, modern appliances, and more. Basement features owners professional office plus an additional recreation room. Additional Passive Income from Advertising Billboard on north side of building facing Lincoln Avenue may be possible if variance approved. When you consider inflated material costs and expenses to build a new building like this, you will understand this is a far greater value considering it is Turnkey. Perfect 1031 Exchange Candidate! 2024 CAPITAL IMPROVEMENTS 2024 New Roof & Gutters for Building & Garage 2024 Remodeled Garage with New Roof/Doors/Gutters. New Electric Wiring, Breakers, and Plumbing Pipes 2011.

Location

State IL

County Cook

Area Chi - Lincoln Square

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Level or Stories 3

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Midwest Real Estate Data (MRED) IDX
Listed by Demetrios Chronis • Coldwell Banker Realty
Bought with Demetrios Chronis • Coldwell Banker Realty
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1941 N Elston Ave, Chicago, IL, 60642, USA

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