5824 N Lincoln Avenue
Chicago, IL, 60659
$3,650,000
Beds
0 Baths
0 SqFt
0 Acres
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$3,650,000
5824 N Lincoln Avenue
Chicago, IL, 60659
MLS #MRD12182639 img 0MLS #MRD12182639 img 1MLS #MRD12182639 img 2MLS #MRD12182639 img 3MLS #MRD12182639 img 4MLS #MRD12182639 img 5MLS #MRD12182639 img 6MLS #MRD12182639 img 7MLS #MRD12182639 img 8MLS #MRD12182639 img 9MLS #MRD12182639 img 10MLS #MRD12182639 img 11MLS #MRD12182639 img 12MLS #MRD12182639 img 13MLS #MRD12182639 img 14
Introducing an exceptional turn-key investment opportunity in the heart of the highly desirable Peterson Park Neighborhood. This new construction 8-unit rental property is fully occupied, making it the ideal choice for 1031 exchanges. Each of the spacious 1,800 sq. ft. units features 3 bedrooms and 2 bathrooms, offering a luxurious living experience with condo-quality finishes throughout. Designed with meticulous attention to detail, these rental units feature an open-concept layout, highlighted by a magnificent kitchen featuring a large 10ft island, sleek quartz countertops, and a premium stainless steel appliance package. Custom cabinetry and a beautifully tiled backsplash add an extra touch of elegance to this culinary haven. Retreat to the spacious primary bedroom, complete with a generous walk-in closet and an ensuite bath with heated floors that exudes sophistication. Refresh in the double vanity and unwind in the walk-in rainfall shower, enhanced by a glass enclosure for a spa-like experience. Each unit offers an oversized private walk-out balcony, and access to the common area rooftop deck space perfect for enjoying outdoor living. With low maintenance and operational costs, this property represents a rare and outstanding investment in a family-friendly community. Don’t miss the opportunity to own this turn-key asset designed for long-term profitability and growth

Property Details

Price:
$3,650,000
MLS #:
MRD12182639
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
5824 N Lincoln Avenue
Type:
Commercial
Neighborhood:
CHI – West Ridge
City:
Chicago
Listed Date:
Oct 8, 2024
State:
IL
ZIP:
60659
Year Built:
2023

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Block

Financial

Net Operating Income
$223,709
Tax Year
2022
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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5824 N Lincoln Avenue
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