Under contract
Contingent
1942 N Lincoln Avenue
Chicago IL, 60614
$1,475,000
Under contract
Contingent
Multi-family
Built in 1880
Courtesy of Westward 360
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!
12113236
MLSⓇ ID
July 17, 2024
Listed
August 27, 2024
Updated
Map
1942 N Lincoln Avenue
Chicago IL, 60614
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Window Unit(s)
Heating
No
Exterior/Building Features
Other Property Details
Area Name
CHI - Lincoln Park
Taxes
$22,757
Tax Frequency
Annually
Days on Market
43
Garage
No
View
No
County
Cook
Pool
No
Listing History
Date | Event | Price |
---|---|---|
7/24/2024 | Under contract | — |
Courtesy of Westward 360, Alan Cosby,
Listing Contact: [email protected]
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Data last updated 3:59 PM UTC, 8/27/2024