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1942 N Lincoln Avenue

Chicago, IL 60614
  • $1,400,000
  • STATUS: Active Under Contract
  • ON SITE: 92 Days
  • MLS #: 11450329
Under Contract
UPDATED: 56 min ago
$1,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1880
County:

School Ratings & Info

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.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-09-30T15:03:12.743 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1942 N Lincoln Avenue Chicago, IL 60614

  • Price: $1,400,000
  • Status: Active Under Contract
  • On Site: 92 Days
  • Updated: 56 min ago
  • MLS #: 11450329
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1880
Built
Neighborhood:
Chi - Lincoln Park
County:
Cook
Area:
Chi - Lincoln Park
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.
Exterior Features

Outdoor Parking 1-5 Spaces Parking Total 3

Interior Features

Cooling Window Unit(S) Heat Ventilation Electric

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Gross Income 102000 Gross Scheduled Income 102000 Insurance Expense 4142 Maintenance Expense 2100 Mls Actual Status Contingent Net Operating Income 57950 Operating Expense 44051 Tax Annual Amount 20171 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatScavenger Total Monthly Income 8500 Type Multi Family 5+

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Westward 360: 773-572-0880.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-09-30T15:03:12.743 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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