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$515,000

  • Sold
  • Closed
  • Commercial
  • 5,305 Sq. Ft.
  • Updated 5 hours ago
See This Home
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Newly rehabbed 5 unit building with extremely strong rents! Boasting an 8.68% cap rate providing more than 10% cash on cash return, this is a strong turnkey investment. This building has been turned over and updated over the last year with new/refinished flooring through most of the apartments, fresh paint, new or freshened up cabinets, several updated bathrooms, several updated countertops, and exterior updates/repairs. Plenty of parking and large floorplans make this an easy to rent building.

Full Property Details for 394 W Lincoln Hwy

General

  • Sold For: $515,000
  • Taxes: $15,107 (2023)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12508697
  • Added to Site: 153 day(s) ago

Interior

  • Fireplace: Yes

Location

  • Area: Chicago Heights
  • County: Cook
  • Driving Directions: South on Lincoln Highway, West of Ashland Ave

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air, Radiators

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: Finished
  • Stories/Levels: 2
  • Square Feet: 5,305
  • Current Bldg. Use: Multi-Family
  • Year Built: 1926
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 5
  • Units w/Range/Oven: 5

Lot Features

  • Lot Size (Sq. Ft.): 16,508
  • Lot Dimensions: 118 x 128
  • Zoning: COMMR

Financial Considerations

  • Operating Expenses: $36,358
  • Assessment Year: 1926
  • Tax Amount: $15,107
  • Tax Year: 2023
  • Tenant Pays: Electricity

Disclosures and Reports

  • Property ID: 32194020690000

Listed by eXp Realty
Sold by Redfin Corporation

Listing agents

— 394 W Lincoln Hwy —

  • eXp Realty

(773) 630-9205

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 394 W Lincoln Hwy

School Districts:Chicago Heights School District 170, Bloom Township High School District 206
NameGradesDistance
Roosevelt Elementary School, Chicago Heights, IL
1345 Sunnyside Avenue, Chicago Heights, IL 60411
K-80.3 mi
Bloom High School
101 West 10th Street, Chicago Heights, IL 60411
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 394 W Lincoln Hwy

Date
Details
Price
Change
Source
4/02/2026
Sold
$515,000
-10.43%
MLS
10/31/2025
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by eXp Realty
Sold by Redfin Corporation

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394 W Lincoln Highway, Chicago Heights, IL 60411 (MLS# 12508697) is a Commercial property that was sold at $515,000 on April 02, 2026. Want to learn more about 394 W Lincoln Highway? Do you have questions about finding other Commercial real estate for sale in Chicago Heights? You can browse all Chicago Heights real estate or contact a Coldwell Banker agent to request more information.