$ 1,599,000
5441 N Lincoln AVE Chicago, IL 60625
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$ 1,599,000
Est. payment | /mo
$ 1,599,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12198538
Year Built 1929
Annual Tax Amount $12,827
Tax Year 2023
Lot Dimensions 50 X 119
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 possible. 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
Location
State IL
County Cook
Area Chi - Lincoln Square
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 3
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Demetrios Chronis • Coldwell Banker Realty
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Sanjay Marathe
REALTOR® | Lic# 475168373