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$575,000

  • For Sale
  • Active
  • Commercial
  • 5,305 Sq. Ft.
See This Home
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Newly rehabbed 5 unit building with extremely strong rents! Boasting an 8.43% cap rate providing 10.09% 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

  • Price: $575,000
  • HOA FEE: $2,500
  • Taxes: $15,107 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12508697
  • Updated: 11/6/2025
  • Added to Site: 106 day(s) ago

Interior

  • Basement: Finished
  • Fireplace: Yes
  • Number of Fireplaces: 2

Location

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

Heating & Cooling

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

Utilities

  • Trash: 816

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • 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: 4
  • Units w/Range/Oven: 4

Lot Features

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

Financial Considerations

  • Maint. Fee: $2,500
  • Insurance Fee: $7,600
  • Operating Expenses: $36,358
  • Other Fee: $450
  • Assessment Year: 1926
  • Tax Amount: $15,107
  • Tax Year: 2023
  • Tenant Pays: Electricity
  • Pays Electric: 35
  • Pays Trash: 816

Disclosures and Reports

  • Property ID: 32194020690000

Listed by eXp Realty

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Listing agents

— 394 W Lincoln Hwy —

  • eXp Realty

  • eXp Realty

(773) 630-9205

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 394 W Lincoln Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/31/2025
Listed
$575,000
295.19%
MLS
11/16/2024
Sold
$145,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 394 W Lincoln Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,350
-13%
$25,112
3%
2022
$15,421
4%
$24,399
—
2021
$14,809
3%
$24,399
—
2020
$14,338
18%
$24,399
16%
2019
$12,133
5%
$21,068
—
2018
$11,535
-12%
$21,068
-16%
2017
$13,144
19%
$25,114
22%
2016
$11,026
1%
$20,563
—
2015
$10,901
1%
$20,563
—
2014
$10,804
-2%
$20,563
-6%
2013
$11,081
3%
$21,901
—
2012
$10,736
—
$21,901
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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394 W Lincoln Highway, Chicago Heights, IL 60411 (MLS# 12508697) is a Commercial property. 394 W Lincoln Highway is currently listed for $575,000 and was received on October 31, 2025. 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.

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