5820 North Lincoln Avenue

Chicago, IL 60659

$800,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This excellent investment opportunity features a mixed-use brick building with four residential units and one commercial store, ideally located across from Mather High School and within walking distance to Jamieson Elementary School. The ground floor retail space spans approximately 3,500 square feet, complete with 1.1 bathrooms, separate central HVAC, and a prominent storefront. The four residential apartments each offer around 650 square feet of living space, featuring 2 bedrooms and 1 bathroom...This excellent investment opportunity features a mixed-use brick building with four residential units and one commercial store, ideally located across from Mather High School and within walking distance to Jamieson Elementary School. The ground floor retail space spans approximately 3,500 square feet, complete with 1.1 bathrooms, separate central HVAC, and a prominent storefront. The four residential apartments each offer around 650 square feet of living space, featuring 2 bedrooms and 1 bathroom with identical layouts. Additionally, the property includes two outdoor parking spaces. This building is easy to manage, making it ideal for new investors looking to enjoy a steady rental income. Convenient and free parking is available on Lincoln Avenue and surrounding side streets. Don't miss this fantastic opportunity to invest in a well-located, income-producing property!

Listing Agent

  1. Trung Duong

    Trung Duong

    Listing Agent

    Compass

    trung.duong@compass.com

    P: (312)-285-0041

Property Details for 5820 North Lincoln Avenue

Area
CHI - West Ridge
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 11/07/2024 08:28 AM

Property Details for 5820 North Lincoln Avenue

StatusContingent
MLS #12138770
Days on Market107
Taxes$12,958 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1968
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 5820 North Lincoln Avenue

Stories3Residences5Year Built1968Lot Size0.07 AC / 3,125 SF

Property Information for 5820 North Lincoln Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street, Public Road
  • 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
  • Flooring: Carpet, Vinyl, Wood
  • Heat/Ventilation: Central Heat/Indiv Controls,Electric,Forced Air,Gas,Hot Water,Radiators
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: No
  • # Of Disposals: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Lot Dimensions: 25 BY 125
  • Lot Size Square Feet: 3125.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5600
  • Manufacturing SqFt: 0
  • # Of Offices: 0
  • Office SqFt: 0
  • Other SqFt: 0
  • Retail SqFt: 3500
  • # Of Ranges: 4
  • # Of Stores: 1
  • Warehouse SqFt: 0
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores
Property and Assessments
  • Possible Use: Office and Research, Multi-Family, Retail, Special Use, Zoning Change Required, Other
  • Buyer Financing: Conventional, Cash, Other
  • Public Document Count: 3
  • Document Date: 2024-08-15T01:50:49
  • Photos Count: 6
Miscellaneous
  • Current Use: Other
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $728.00
  • Fuel Expense: $3,983.00
  • Gross Income: $87,000.00
  • Gross Scheduled Income: $87,000.00
  • Insurance Expense: $2,780.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2022
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 7250
  • Water Expense Source: Owner Projection
  • Net Operating Income: $65,028.00
  • Operating Expense: $21,972.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,523.00

Property History for 5820 North Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5820 North Lincoln Avenue

Taxable ValueLand$8,639Additions$54,363Total$63,002
Tax Record2022$12,958 ($1,080 / month)
Home Facts
Baths5Total Finished SqFt5,600 SqFtAbove Grade Finished SqFt5,600 SqFtStories3Lot Size2,699 SqFtStyleMulti-Family Res (5+ Units)Year Built1968CountyCOOKAPN13-01-319-006

Schools near 5820 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 - 9 to 12
Rating
School
Distance
Jamieson Elementary School
PublicPK to 8

Mather High School
Public9 to 12

Northside Learning Center
Public9 to 12

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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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.

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 11/07/2024 08:28 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.