5441-5443 N Lincoln Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60625
$1,599,000 USD
773-680-5883
5441-5443 N Lincoln Ave, Chicago, IL for Sale
$1,599,000 USD
Storefront Retail/Residential - FOR SALE
1/2
null | 9% Cap Rate

5441-5443 N Lincoln Ave
Chicago, IL 60625


HIGHLIGHTS

  • Lincoln Square 7 Unit Mixed-Use Apartment Building with 3 Retail/OfficesBuilding & $ Apartments
  • Walking Distance to Brown Line, Red Line, & Metra
  • 2024 Capital Improvements New Roof Building New Roof Garage with Gutters & Concrete
  • 2024 New Roof Garage with New Gutters, Doors, & Concrete
  • 2011 New Electrical Service to Building & 2011 New Electrical Wiring Entire Building & Units
  • 2011 New Copper Plumbing Building

OVERVIEW

Lincoln Square Exceptional 7 Unit building walking distance to Brown Line and Metra featuring Four 5 room, 2-bedroom units with 1 bathroom each, and Three office/commercial units with 1 bathroom each. Each of the 4 apartments are large, approximately 1,300 Sq. Ft each. There are 4 garage parking spaces in rear and incredible rooftop deck possibilities to entertain with 360 views of the city. All units feature separate GFA heat, central air, separate gas and electric. Low-cost building to operate. Apartments feature 10-foot ceilings, inviting warm wood trim, hardwood floors, modern appliances, and more. Basement features owners professional office plus an additional recreation room. Additional Passive Income from Advertising Billboard on north side of building facing Lincoln Avenue possible. When you consider inflated material costs and expenses to build a new building like this, you will understand this is a far greater value considering it is Turnkey. Perfect 1031 Exchange Candidate! 2024 CAPITAL IMPROVEMENTS 2024 New Roof & Gutters for Building & Garage 2024 Remodeled Garage with New Roof/Doors/Gutters. New Electric Wiring, Breakers, and Plumbing Pipes 2011.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

13-12-216-007-0000

ASK ABOUT THIS PROPERTY

Demetrios ChronisColdwell Banker Commercial NRTMore Info
773-680-5883

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Demetrios ChronisColdwell Banker Commercial NRTMore Info
773-680-5883

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.