0 Beds

$1,500,000

5441 N Lincoln Avenue, Chicago IL, 60625

Price per sqftN/A

Built in1929

Property typeOther

Bought with Demetrios Chronis with Coldwell Banker Realty and Listed by Demetrios Chronis with Coldwell Banker Realty 312-981-5500

Overview

Sold

Closed

Listed Oct 28, 2024

Updated May 29

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.

Additional information

MLS^® ID: 12198538

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.11 Acres

Other Property Details

Taxes: $12,827
Tax Frequency: Annually

Bought with Demetrios Chronis with Coldwell Banker Realty and Listed by Demetrios Chronis with Coldwell Banker Realty 312-981-5500

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