$1,599,000
5441 N Lincoln Avenue
Chicago, IL, 60625
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.
Property Details
Price:
$1,599,000
MLS #:
MRD12198538
Status:
Active
Beds:
0
Baths:
0
Address:
5441 N Lincoln Avenue
Type:
Commercial
Subtype:
Apts/Ofc/Store,Apts/Ofc,Apts/Stores,Ofc/Store
Neighborhood:
CHI – Lincoln Square
City:
Chicago
Listed Date:
Oct 28, 2024
State:
IL
ZIP:
60625
Year Built:
1929
Schools
Interior
Cooling
Central Air
Exterior
Financial
Tax Year
2023
Taxes
$12,827
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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5441 N Lincoln Avenue
Chicago, IL
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