Chicago, IL 60614,1942 N Lincoln Avenue
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Chicago, IL 60614,1942 N Lincoln Avenue
Chicago, IL 60614,1942 N Lincoln Avenue
Chicago, IL 60614,1942 N Lincoln Avenue
Chicago, IL 60614,1942 N Lincoln Avenue
Listed by Alan Cosbyof Westward 360
Bought with Anish Sheth of Third Coast Realty LLC

$1,465,000

Est. payment /mo

$1,475,000

0.7%
Est.Price: ?

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1942 N Lincoln Avenue Chicago, IL 60614

SOLD DATE : 10/09/2024

Key Details

Sold Price $1,465,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12113236

Sold Date 10/09/24

Year Built 1880

Annual Tax Amount $22,757

Tax Year 2023

Lot Dimensions 24X110

Property Sub-Type Multi Family 5+

Property Description

Trophy property with seven units in the heart of historic Lincoln Park. Unit count consists of six one bedroom apartments and one large garden level studio. Recent improvements in five of the seven apartments include addition central heat/air, as well as kitchen and bath renovations. Common areas just redone with fresh paint and new carpet runners. Sewer line recently replaced from the building to the street. Three parking spaces in the rear for additional revenue as well as coin laundry in the basement. Existing professional management in place that can be transferred to new buyer. Sales packet with more information available upon request. Current rent roll of $12,250 with an easy pro forma of $13,500 to reach after the fall turnovers in 2024. Contact the listing agent for detailed rent roll and expenses. A beautiful classic Lincoln Park property to begin or add to your portfolio!

Location

State IL

County Cook

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Exterior

View Y/N true

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