5824 North Lincoln Avenue

Chicago, IL 60659

$3,650,000
Price
24
Beds
16
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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
  1. Listed by Roman Popovych • Prodan Realty Inc

Property Details for 5824 North Lincoln Avenue

Area
CHI - West Ridge
Township
Jefferson
Zoning
MULTI
LISTING UPDATED: 10/14/2024 12:07 AM

Property Details for 5824 North Lincoln Avenue

StatusActive
MLS #12182639
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built2023
Lot Size0.14 AC / 6,048 SF
CountyCook County

Virtual Tour

Building Information for 5824 North Lincoln Avenue

Stories3Residences8Year Built2023Building Size-Lot Size0.14 AC / 6,048 SF

Property Information for 5824 North Lincoln Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: Assigned Spaces
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 16.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: New Construction
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 56 X 108
  • Stories: 3
  • Construction: Brick, Block
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 15
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $1,027.00
  • Fuel Expense: $.00
  • Gross Income: $294,400.00
  • Gross Scheduled Income: $282,828.00
  • Insurance Expense: $6,937.00
  • Maintenance Expense: $875.00
  • Expense Year: 2024
  • Janitor Expense: 3600
  • Total Monthly Income: 24050
  • Net Operating Income: $223,709.00
  • Operating Expense: $59,119.00
  • Other Expense: $675.00
  • Trash Expense: $2,442.00
  • Water Sewer Expense: $3,780.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5824 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 5824 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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5824 North Lincoln Avenue is a multi-family home for sale in Chicago, IL 60659. This property was listed for sale on October 8, 2024 by Prodan Realty Inc, it's currently listed at $3,650,000. This listing's school district is Chicago Public Schools. Nearby schools include Jamieson Elementary School, Mather High School and Northside College Preparatory High School. 5824 North Lincoln Avenue is a 24-bed, 16-bath, multi-family home built in 2023.

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 Prodan Realty Inc

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 10/14/2024 12:07 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.