Address
1942 N Lincoln Avenue, Chicago, IL
Price
$ 1,400,000
Property Attributes
  • MLS#11450329
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lincoln Park
  • NeighborhoodOld Town
  • Zip60614
  • Style
  • Year Built1880
  • Taxes$ 20171
  • Price$ 1,400,000
  • Bedrooms1
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Seven unit historic property in the heart of Lincoln Park. Six one bedroom apartments and one studio. Beautiful 1880's row home along Lincoln avenue with long term tenants way below market value. Opportunity to give a light shine up renovation to units as they turn over or just maximize the rent roll with units in current condition. Three parking spaces in the rear for additional revenue as well as coin laundry. Professional management in place and can be transferred to new buyer. Sales packet with more information available upon request.

Price History
6/29/2022 Listed $1,400,000

General Features

Additional Parcels Y/N No
City Chicago
Cooling Window Unit(s)
County Cook
Days on Market 7
Directions Lincoln south of armitage to property
Electric Expense 1530
Fuel Expense 1508
Grossincome 102000
Insurance Expense 4142
MLS Area CHI - Lincoln Park
Maintenanceexpense 2100
Net Operating Income 57950
Operatingexpense 44051
Property Type Commercial Sale
Property Type Multi Family 5+
Standard Status Active
Status Active
Stories 3
Street Name Lincoln
Tax Annual Amount 20171
Tax Year 2020
Tenant Pays Air Conditioning, Common Area Maintenance, Electricity, Heat, Scavenger
Total Units 7
Trash Expense 2200
Water Sewer Expense 3908
Year Built 1880

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 24X110
Total Parking 3

Amenities

  • 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 Multi-Family Average in 60614

Price
AVG $1.5M
$1.4M
Taxes
AVG $18,790
$20,171
Visits
AVG 50
6
Year Built
AVG 1897
1880
Walkscore
AVG 92
94
Data Provided by Walkscore ® not using MLS data