$1,465,000
$1,475,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
1942 N Lincoln AVE Chicago, IL 60614
Key Details
Sold Price $1,465,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12113236
Sold Date 10/09/24
Maintenance Fees $2,100
Year Built 1880
Annual Tax Amount $22,757
Tax Year 2023
Lot Dimensions 24X110
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
Area Chi - Lincoln Park
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Building
Level or Stories 3
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Anish Sheth • Third Coast Realty LLC