5441 North Lincoln Avenue

Chicago, IL 60625

$1,599,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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....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. New Electric Wiring, Breakers, and Plumbing Pipes 2011.
  1. Listed by Demetrios Chronis • Coldwell Banker Realty

Property Details for 5441 North Lincoln Avenue

Area
CHI - Lincoln Square
Zoning
MULTI
LISTING UPDATED: 12/09/2024 10:34 AM

Property Details for 5441 North Lincoln Avenue

StatusActive
MLS #12198538
Days on Market55
Taxes$12,827 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1929
Lot Size0.11 AC / 4,805 SF
CountyCook County

Building Information for 5441 North Lincoln Avenue

Stories3Residences7Year Built1929Lot Size0.11 AC / 4,805 SF

Property Information for 5441 North Lincoln Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago North
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 119
  • Lot Size Square Feet: 4805.0
  • Stories: 3
  • Fire Protection: Other,Carbon Monoxide Detector(s)
  • # Of Offices: 3
  • # Of Stores: 3
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores, Ofc/Store
Property and Assessments
  • Public Document Count: 0
  • Document Date: 2024-12-09T16:31:52
  • Photos Count: 35
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $504.00
  • Fuel Expense: $2,500.00
  • Gross Income: $170,400.00
  • Gross Scheduled Income: $170,400.00
  • Insurance Expense: $4,200.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2024
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 14200
  • Water Expense Source: Owner Projection
  • Net Operating Income: $141,549.00
  • Operating Expense: $28,851.00
  • Other Expense: $800.00
  • Trash Expense: $2,400.00
  • Water Sewer Expense: $3,700.00

Property History for 5441 North Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5441 North Lincoln Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Jamieson Elementary School
PublicPK to 8

Mather High School
Public9 to 12

Stone Elementary Scholastic Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5441 North Lincoln Avenue is a mixed use property for sale in Chicago, IL 60625. This property was listed for sale on October 28, 2024 by Coldwell Banker Realty, it's currently listed at $1,599,000. This listing's school district is Chicago Public Schools. Nearby schools include Jamieson Elementary School, Mather High School and Northside College Preparatory High School. 5441 North Lincoln Avenue is a 0-bed, 0-bath, mixed use property built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/09/2024 10:34 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.