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5439 N Lincoln Avenue Chicago, IL
$ 979,000
Property Attributes
  • MLS#11276099
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lincoln Square
  • NeighborhoodBudlong Woods
  • Zip60625
  • StyleCommercial,Condominium,Office
  • Year Built2008
  • Taxes$ 6517
  • Price$ 979,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4950
  • Lot Size2,400 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Realty
Data Source:
Midwest Real Estate Data (MRED)
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 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 $94,800, separate utilities except water, Net Scheduled Income $81,408.

Price History
11/24/2021 Listed $979,000

General Features

Additional Parcels Y/N No
City Chicago
Construction Materials Brick, Concrete, Block, Steel Siding, Stone
Cooling Central Air
County Cook
Current Use Commercial, Condominium, Office
Days on Market 11
Directions Lincoln Ave North of Foster Ave to 5439 N. Lincoln Ave.
Electric Circuit Breakers
Electric Expense 500
Flooring Concrete, Slate/Marble, Tile, Wood
Grossincome 94800
Insurance Expense 1500
Lease Type N/A
Lot Size Square Feet 2400
MLS Area CHI - Lincoln Square
Net Operating Income 81408
Operatingexpense 5000
Possession Closing, Immediate, Negotiable
Possible Use Commercial, Condominium, Office and Research, Multi-Family, Retail
Property Type Mixed Use
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 3
Street Name Lincoln
Tax Annual Amount 6517
Tax Year 2019
Tenant Pays Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Sewer
Total Units 3
Utilities Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Water-Municipal, Water to Site
Year Built 2008
Zoning COMMR

Interior Features

Street Suffix Avenue
Total Fireplaces 2

Exterior Features

Building Area Total 4950
Exterior Brick, Stone
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 25X96
Total Parking 3


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60625

AVG $210K
AVG $11,121
AVG 133
Year Built
AVG 1953
AVG 93
Data Provided by Walkscore ® not using MLS data

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