$1,259,000
5439 N Lincoln Avenue
Chicago, IL, 60625
*All Apartments Leased Now* Lincoln Square * Exceptional Jumbo Luxury 3 Unit Condo Quality Building walking distance to Brown Line, Metra, and new proposed Lincoln Square shopping development on Western Ave and Lincoln Ave. Three new condo developments coming soon on LincolnAve; one 50 feet north of 5439 and the others two blocks south on Lincoln, TIF Area, Hot Location.Building features two 2 bedroom units with 2.5 bathrooms each, and one office/commercial unit with 1 bathroom. Each of the 3 Units are large 1,650 Sq Ft units. 3 Parking spaces in rear. Additional features include walkup from front entrance stairway straight up to roof, perfect candidate to add Rooftop Deck for entertaining, 360 degree views of City. Low cost building to operate, each unit has separate GFA heat, Central Air, separate gas and electric. Great scheduled income with low cost building to operate. Better layout and finishes than most existing condos on the market. Absolutely looks like it was was completed yesterday, excellent condition. Apartments feature open floor plan, 10 foot ceilings, inviting warm wood trim, architectural windows and doors, decorative hardwood floors, inspiring curved ceilings, fireplace, modern appliances, side-by-side washer/dryer, decks and private balcony, and more. Chef’s Kitchen features SS appliances, high-end kitchen cabinets, long breakfast bar counter for entertaining and eating, & much more. Bathrooms feature exceptional vanity cabinets and fixtures, decorative marble. When you consider the inflated material costs and expenses now to build a new building similar to this, you will understand this is a far greater value considering it is Turnkey. **PRICED BELOW COST TO BUILD SAME BUILDING NEW TODAY IN THIS HOT AREA ** EXCEPTIONAL VALUE……PERFECT 1031 EXCHANGE candidate. Gross Scheduled Income $94,890, separate utilities except water, Net Scheduled Income $81,408.
Property Details
Price:
$1,259,000 / $930,000
MLS #:
MRD11649013
Status:
Closed ((Jan 6, 2023))
Beds:
0
Baths:
0
Address:
5439 N Lincoln Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Oct 10, 2022
State:
IL
Finished Sq Ft:
4,950
ZIP:
60625
Year Built:
2008
Schools
Interior
Cooling
Central Air
Fireplaces Total
2
Flooring
Concrete, Slate/ Marble, Tile, Wood
Exterior
Construction Materials
Brick, Concrete, Block, Steel Siding, Stone
Financial
Buyer Agent Compensation
2.25% – $495Gross Sale Price
Tax Year
2020
Taxes
$9,426
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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5439 N Lincoln Avenue
Chicago, IL
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