Address
1942 N Lincoln Avenue, Chicago, IL
Price
$ 1,525,000
Property Attributes
- MLS#12021480
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - Lincoln Park
- NeighborhoodOld Town
- Zip60614
- Style
- Year Built1880
- Taxes$ 22185
- Price$ 1,525,000
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
| Price History | |
|---|---|
| 4/10/2024 | Listed $1,525,000 |
General Features
| 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 |
| Contingency | Attorney/Inspection |
| MaintenanceExpense | 2100 |
| Status | Contingent |
| Directions | Lincoln south of armitage to property |
| City | Chicago |
| Total Units | 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 | No |
| Days on Market | 37 |
| Standard Status | Active Under Contract |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 24X110 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60614
Price
Taxes
Visits
Year Built
