Closed

$800,000

5820 Lincoln Avenue, Chicago, IL 60659
85 days
5820 Lincoln Avenue·Chicago, IL 60659
1968Year Built
About This Home

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!

MLS# 12138770Listed August 13, 2024Commercial Sale
Property Details

Beds & Baths

Size & Structure

Fireplaces0
Year Built1968
Lot Size25 BY 125

Location

CountyCook
Zip Code60659

Financial

List Price$800,000
Annual Taxes (2022)$12,958
Monthly Tax Est.$1,080
Parcel #13013190060000
Interior Features

Flooring

CarpetVinylWood

Cooling

Central Air
Exterior & Lot

Construction

Brick

Roof

Membrane

Foundation

Concrete Perimeter
Utilities & Parking

Electric

Circuit Breakers
Tax & Financial
Annual Taxes
$12,958
Tax Year 2022
Monthly Tax Est.
$1,080
per month
Property Location

5820 Lincoln Avenue, Chicago, IL 60659 — Cook County

$800,000
5820 Lincoln Avenue
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
85 days on market
25 BY 125
$12,958/yr taxes
$5,284
estimated monthly payment
Principal & Interest
$4,204/mo
Property Tax
$1,080/mo
$800,000
20% — $160,000
3%50%
6.875%
3%12%
Loan Amount
$640,000
Down Payment
$160,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Trung Duong
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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