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1942 N Lincoln Avenue, Chicago, IL 60614
$1,525,000 Contingent
1942 N Lincoln Avenue, Chicago, IL 60614View this property at 1942 N Lincoln Avenue, Chicago, IL 60614
1942 N Lincoln AvenueChicagoIL60614
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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.
Full Property Details
Full Property Details for 1942 N Lincoln Ave
General
- Price: $1,525,000
- HOA FEE: $2,100
- Taxes: $22,185 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 12021480
- Updated: 4/28/2024
- Added to Site: 22 day(s) ago
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - Lincoln Park
- County: Cook
- Driving Directions: Lincoln south of armitage to property
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Electric
Utilities
- Trash: 2200
Structural Information
- Stories/Levels: 3
- Year Built: 1880
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 24 x 110
Financial Considerations
- Maint. Fee: $2,100
- Insurance Fee: $4,142
- Operating Expenses: $54,900
- Assessment Year: 1880
- Tax Amount: $22,185
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Scavenger
- Pays Electric: 2137
- Pays Trash: 2200
Disclosures and Reports
- Property ID: 14334010280000
Listed by Westward 360
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Schools
Schools serving 1942 N Lincoln Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
615 W Kemper Pl, Chicago, IL 60614 | PK-8 | 0.6 mi | |
2001 N Orchard St, Chicago, IL 60614 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1942 N Lincoln Ave
Date
Details
Price
Change
Source
4/09/2024
Listed
$1,525,000
129.32%
MLS
8/02/2010
Sold
$665,000
—
Public Record
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
Tax History for 1942 N Lincoln Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$22,185
-2%
$107,860
-4%
2021
$22,659
12%
$112,682
24%
2020
$20,172
—
$90,551
-10%
2019
$20,214
2%
$100,613
—
2018
$19,874
—
$100,613
9%
2017
$19,944
7%
$92,646
—
2016
$18,556
1%
$92,646
-7%
2015
$18,315
37%
$99,946
39%
2014
$13,354
-3%
$71,973
-5%
2013
$13,758
-17%
$75,643
-18%
2012
$16,509
—
$91,997
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1942 N Lincoln Ave
1942 N Lincoln Avenue, Chicago, IL 60614 (MLS# 12021480) is a Commercial property. 1942 N Lincoln Avenue is currently listed for $1,525,000 and was received on April 09, 2024. Want to learn more about 1942 N Lincoln Avenue? Do you have questions about finding other Commercial real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.