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5820 N Lincoln Avenue

Chicago, IL 60659
  • $800,000
  • STATUS: Active Under Contract
  • ON SITE: 118 Days
  • MLS #: 12138770
Under Contract
UPDATED: 27 min ago
$800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1968
County:
Area:

School Ratings & Info

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 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!

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-11T16:09:08.057 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5820 N Lincoln Avenue Chicago, IL 60659

  • Price: $800,000
  • Status: Active Under Contract
  • On Site: 118 Days
  • Updated: 27 min ago
  • MLS #: 12138770
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property 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 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!
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City StreetPublic Road Outdoor Parking 1-5 Spaces Roof Membrane Roof Structure Flat

Interior Features

Cooling Central Air Fireplaces Total 0 Flooring CarpetVinylWood Heat Ventilation Central Heat/Indiv ControlsElectricForced AirGasHot WaterRadiators Number Of Ranges 4

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 5600 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Other Electric Circuit Breakers Fire Protection Smoke or Fire Protectors Geographic Locale Chicago North Gross Income 87000 Gross Scheduled Income 87000 Insurance Expense 2780 Mls Actual Status Contingent Net Operating Income 65028 Number Of Tenants 5 Operating Expense 21972 Ownership Types Other Possible Use Office and ResearchMulti-FamilyRetailSpecial UseZoning Change RequiredOther Property Sub Type Apts/Ofc/StoreApts/OfcApts/Stores Rental Price 15.53 Seller Needs Passive InvestmentTax BenefitsTax Deferred ExchangeOtherLease or Rent Tax Annual Amount 12958 Tax Year 2022 Tenant Pays Electricity Total Monthly Income 7250 Type Mixed Use Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass: 773-482-1917.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-11T16:09:08.057 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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