Chicago, IL 60659 5820 N Lincoln Avenue

5820 N Lincoln Avenue Chicago, IL - Image 15820 N Lincoln Avenue Chicago, IL - Image 25820 N Lincoln Avenue Chicago, IL - Image 3
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5820 N Lincoln Avenue Chicago, IL - Image 45820 N Lincoln Avenue Chicago, IL - Image 5
Presented By: Compass
  • MLS# 12138770
  • 08/13/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 5,600

Home Details

This excellent investment opportunity features a mixed-use brick building with four residential units and one commercial store, ideally located across from Mather High School and within walking distance to Jamieson Elementary School. The ground floor retail space spans approximately 3,500 square feet, complete with 1.1 bathrooms, separate central HVAC, and a prominent storefront. The four residential apartments each offer around 650 square feet of living space, featuring 2 bedrooms and 1 bathroom with identical layouts. Additionally, the property includes two outdoor parking spaces. This building is easy to manage, making it ideal for new investors looking to enjoy a steady rental income. Convenient and free parking is available on Lincoln Avenue and surrounding side streets. Don't miss this fantastic opportunity to invest in a well-located, income-producing property!
Presented By: Compass

Interior Features for 5820 N Lincoln Avenue

Other Interior Features

FlooringCarpet, Vinyl, Wood
Total Fireplaces

General for 5820 N Lincoln Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseOther
Days on Market21
DirectionsBETWEEN CLAIFORNIA AND PETERSON ON LINCOLN
ElectricCircuit Breakers
Electric Expense728
Fuel Expense3983
Gross Income87000
Insurance Expense2780
Lease TypeGross
Lot Size Square Feet3125
MLS AreaCHI - West Ridge
Net Operating Income65028
NumberOfUnitsTotal5
Operating Expense21972
PossessionClosing
Possible UseOffice and Research, Multi-Family, Retail, Special Use, Zoning Change Required, Other
Property SubTypeApts/Ofc/Store, Apts/Ofc, Apts/Stores
Property TypeCommercial Sale
Property TypeMixed Use
RoofMembrane
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount12958
Tax Year2022
Tenant PaysElectricity
Total Actual Rent1.3
Trash Expense0
Water Sewer Expense1523
Year Built1968
ZoningMULTI

Exterior for 5820 N Lincoln Avenue

Building Area Total5600
ExteriorBrick
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street, Public Road
Lot Dimensions25 BY 125

Additional Details

Price History

Worth Clark

Price $800,000
MLS#12138770
List Date 08/13/2024
Property Type Commercial
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