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5439 N Lincoln Avenue

Chicago, IL 60625
  • $959,000
  • STATUS: Active
  • ON SITE: 103 Days
  • MLS #: 11397527
$959,000
  • 4
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2008
County:

School Ratings & Info

School District:
299

Description

Lincoln Square Exceptional Jumbo Luxury 3 Unit Condo Quality Building walking distance to Brown Line, Metra, and new proposed Lincoln Square shopping development on Western Ave and Lincoln Ave. Three new condo developments coming soon on LincolnAve; one 50 feet north of 5439 and the others two blocks south on Lincoln, TIF Area, Hot Location.Building features huge 2 bedroom units with 2.5 bathrooms each. Each of the 3 Units are large 1,650 Sq Ft units. 3 Parking spaces in rear. Additional features include walkup from front entrance stairway straight up to roof, perfect candidate to add Rooftop Deck for entertaining, 360 degree views of City. Low cost building to operate, each unit has separate GFA heat, Central Air, separate gas and electric. Great scheduled income with low cost building to operate. Better layout and finishes than most existing condos on the market. Absolutely looks like it was was completed yesterday, excellent condition. Apartments feature open floor plan, 10 foot ceilings, inviting warm wood trim, architectural windows and doors, decorative hardwood floors, inspiring curved ceilings, fireplace, modern appliances, side-by-side washer/dryer, decks and private balcony, and more. Chef's Kitchen features SS appliances, high-end kitchen cabinets, long breakfast bar counter for entertaining and eating, & much more. Bathrooms feature exceptional vanity cabinets and fixtures, decorative marble. When you consider the inflated material costs and expenses now to build a new building similar to this, you will understand this is a far greater value considering it is Turnkey. **PRICED BELOW COST TO BUILD SAME BUILDING NEW TODAY IN THIS HOT AREA ** EXCEPTIONAL VALUE......PERFECT 1031 EXCHANGE candidate. Gross Scheduled Income $94,890, separate utilities except water, Net Scheduled Income $81,408.

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© 2022 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 The Schwabe Group | Compass. Based on information submitted to the MRED as of 2022-08-18T23:59:28.19 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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5439 N Lincoln Avenue Chicago, IL 60625

  • Price: $959,000
  • Status: Active
  • On Site: 103 Days
  • MLS #: 11397527
4
Beds
0
Baths
0
½ Baths
0.05
Acres
2008
Built
Neighborhood:
Chi - Lincoln Square
County:
Cook
Area:
Chi - Lincoln Square
School District:
299
Property Description
Lincoln Square Exceptional Jumbo Luxury 3 Unit Condo Quality Building walking distance to Brown Line, Metra, and new proposed Lincoln Square shopping development on Western Ave and Lincoln Ave. Three new condo developments coming soon on LincolnAve; one 50 feet north of 5439 and the others two blocks south on Lincoln, TIF Area, Hot Location.Building features huge 2 bedroom units with 2.5 bathrooms each. Each of the 3 Units are large 1,650 Sq Ft units. 3 Parking spaces in rear. Additional features include walkup from front entrance stairway straight up to roof, perfect candidate to add Rooftop Deck for entertaining, 360 degree views of City. Low cost building to operate, each unit has separate GFA heat, Central Air, separate gas and electric. Great scheduled income with low cost building to operate. Better layout and finishes than most existing condos on the market. Absolutely looks like it was was completed yesterday, excellent condition. Apartments feature open floor plan, 10 foot ceilings, inviting warm wood trim, architectural windows and doors, decorative hardwood floors, inspiring curved ceilings, fireplace, modern appliances, side-by-side washer/dryer, decks and private balcony, and more. Chef's Kitchen features SS appliances, high-end kitchen cabinets, long breakfast bar counter for entertaining and eating, & much more. Bathrooms feature exceptional vanity cabinets and fixtures, decorative marble. When you consider the inflated material costs and expenses now to build a new building similar to this, you will understand this is a far greater value considering it is Turnkey. **PRICED BELOW COST TO BUILD SAME BUILDING NEW TODAY IN THIS HOT AREA ** EXCEPTIONAL VALUE......PERFECT 1031 EXCHANGE candidate. Gross Scheduled Income $94,890, separate utilities except water, Net Scheduled Income $81,408.
Exterior Features

Architectural Style Greystone Exterior Building Type BrickStoneLimestone Exterior Features BalconyDeckPatioRoof DeckStorms/Screens Foundation Details Concrete Perimeter Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Details Space/S Parking Features AssignedUnassignedOff AlleyAlley AccessDirect Access Parking Onsite Yes Parking Ownership Owned Parking Total 3 Roof Flat Waterfront YN No

Interior Features

Basement None Basement Bathrooms YN No Basement Details None Bathroom Double SinkSoaking Tub Bedrooms Below Grade 0 Bedrooms Total 4 Full Baths In Building 4 Half Baths In Building 3 Heating Natural GasForced AirSep Heating Systems - 2+Indv Controls Room Type Utility Room-1St FloorUtility Room-2Nd FloorUtility Room-Lower Level Rooms Total 11

Property Features

Additional Parcels YN No Age 11-15 Years Built Before1978 YN No Community Features CurbsSidewalksStreet LightsStreet Paved Corporate Limits Chicago General Information Commuter Bus Gross Income 94800 Insurance Expense 1500 Maintenance Expense 1200 Mls Actual Status Active Net Operating Income 81408 New Construction YN No Other Equipment HumidifierTv-CableIntercomCo DetectorsMultiple Water Heaters Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 9486 Tax Year 2020 Total Numberof Unitsin Building 3 Total Rental Income 94800 Township North Chicago Type Two To Four Units Water Source Lake MichiganPublic Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty.


© 2022 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 The Schwabe Group | Compass. Based on information submitted to the MRED as of 2022-08-18T23:59:28.19 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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