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5439 N Lincoln Avenue

Chicago, IL 60625
  • $1,259,000
  • STATUS: Active Under Contract
  • ON SITE: 51 Days
  • MLS #: 11649013
Under Contract
UPDATED: 38 min ago
$1,259,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:

School Ratings & Info

Description

*All Apartments Leased Now* 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 two 2 bedroom units with 2.5 bathrooms each, and one office/commercial unit with 1 bathroom. 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-01T20:58:16.433 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: $1,259,000
  • Status: Active Under Contract
  • On Site: 51 Days
  • Updated: 38 min ago
  • MLS #: 11649013
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2008
Built
Neighborhood:
Chi - Lincoln Square
County:
Cook
Area:
Chi - Lincoln Square
Property Description
*All Apartments Leased Now* 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 two 2 bedroom units with 2.5 bathrooms each, and one office/commercial unit with 1 bathroom. 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

Exterior Building Type BrickStone Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 1-5 Spaces Parking Total 3 Roof Structure Flat

Interior Features

Cooling Central Air Fireplaces Total 2 Flooring ConcreteSlate/MarbleTileWood Heat Ventilation Central Heat/Indiv ControlsForced AirGas Miscellaneous Inside Multi-TenantPrivate Restroom/S Number Of Dishwashers 2 Number Of Dryers 2 Number Of Ranges 2 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age 7-15 Years Building Area Total 4950 Built Before1978 YN No Contingency Attorney/Inspection Continue To Show Yes Current Use CommercialCondominiumOffice Electric Circuit Breakers Fire Protection Carbon Monoxide Detector(S) Geographic Locale Chicago North Gross Income 94890 Gross Scheduled Income 94890 Insurance Expense 1500 Location Central Business DistrictMixed Use AreaPublic Transport Avail Mls Actual Status Contingent Net Operating Income 80464 Operating Expense 5000 Ownership Types Limited Liability Corp Possible Use CommercialCondominiumOffice And ResearchMulti-FamilyRetail Rental Price 23 Tax Annual Amount 9426 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceSewer Total Monthly Income 7907 Type Mixed Use Utilities Electric To SiteGas To SiteSanitary SewerSewer-Storm AvailableWater-MunicipalWater To Site Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 312-981-5500.


© 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-01T20:58:16.433 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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