5441-5443 N Lincoln Ave
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5441-5443 N Lincoln Ave
10,948 SF 100% Leased Retail Building Chicago, IL 60625 $1,599,000 ($146/SF) 9% Cap Rate
Investment Highlights
- Lincoln Square 7 Unit Mixed-Use Apartment Building with 3 Retail/OfficesBuilding & $ Apartments
- 2024 Capital Improvements New Roof Building New Roof Garage with Gutters & Concrete
- 2011 New Electrical Service to Building & 2011 New Electrical Wiring Entire Building & Units
- Walking Distance to Brown Line, Red Line, & Metra
- 2024 New Roof Garage with New Gutters, Doors, & Concrete
- 2011 New Copper Plumbing Building
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,948 SF
Building Class
B
Year Built/Renovated
1929/2024
Price
$1,599,000
Price Per SF
$146
Cap Rate
9%
NOI
$143,910
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.28
Lot Size
0.11 AC
Parking
4 Spaces (0.37 Spaces per 1,000 SF Leased)
Frontage
50 FT on N Lincoln Ave
Amenities
- Bus Line
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 13-12-216-007-0000 | Improvements Assessment | $50,351 |
Land Assessment | $12,013 | Total Assessment | $62,364 |
PROPERTY TAXES
Parcel Number
13-12-216-007-0000
Land Assessment
$12,013
Improvements Assessment
$50,351
Total Assessment
$62,364
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5441-5443 N Lincoln Ave
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