1942 N Lincoln Avenue Chicago, IL ^$ 1,525,000

1942 N Lincoln Avenue

^$ 1,525,000

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1942 N Lincoln Avenue

Chicago, IL, 60614

^$ 1,525,000

Bedrooms1 Baths0.0

Monthly Estimate*

^$ 10,136

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Multi-Family Home for sale in Chicago, IL

for $1,525,000 with 1 bedroom. This home was built in 1880.

Stunning seven unit property in the heart of historic Lincoln Park. Unit count consists of six one bedroom apartments and one studio. Recent improvements include adding central heat/air, renovating kitchens and baths in five of the apartments, and improving the common area hallways. 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. Current rent roll of $11,750 with room to easily push past $13k by end of 2024.

Multi-Family Contingent

Price

^$ 1,525,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 22,185

Style

Year Built

1880

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12021480

Features

General

Cooling Central Air Window Unit(s)

Year Built 1880

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Scavenger

Stories 3

Tax Year 2022

Gross Income 142800

County Cook

Net Operating Income 87900

Operating Expense 54900

Insurance Expense 4142

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Status Contingent

Directions Lincoln south of armitage to property

City Chicago

NumberOfUnitsTotal 7

MLS Area CHI - Lincoln Park

Street Name Lincoln

Tax Annual Amount 22185

Electric Expense 2137

Fuel Expense 1508

Trash Expense 2200

Water Sewer Expense 3908

Additional Parcels Y/N N

Days on Market 37

Standard Status Active Under Contract

Exterior

Lot Dimensions 24X110

Interior

Street Suffix Avenue

* Excluded Features

List By

Westward 360

Broker

alanc@westward360.com

Affordability Calculator

$11,984

Per Month

Monthly Principal & Interest: $10,136
Monthly Property Taxes: $1,849
Monthly Home Insurance: --

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Down Payment

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$640,012

Percent of Sale Price 58%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/10/2024	$1,525,000		Listed Price

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1942 N Lincoln Avenue, Chicago, IL, 60614 is a Multi-Family Home for sale at $1,525,000. 1942 N Lincoln Avenue has 1 bedrooms, 0.0 baths, and was built in 1880. The property's zip code is 60614 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/1/2024.

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1942 N Lincoln Avenue

Multi-Family Home for sale in Chicago, IL

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