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$4,850,000
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Property Description
Rarely available 7-unit elevator condo quality building in the heart of Lakeview. This well-maintained building is ready for the next investor to sit back and collect rent. Monthly gross income of $33,775. 100% occupied with leases in place. Commerical space features well known restaurant which just renewed for a 5-year term starting July 1. All residential units are 3 bedrooms, 2 bath condo quality units featuring large custom kitchen with granite countertops, stainless appliances, custom cabinets opening to living room and dining room which leads to one of two outdoor balconies. Three true bedrooms features primary bedroom with ensuite bathroom with double bowl stone countertops, soaking tub and separate shower. Large second and third bedrooms along with updated second bath. Hardwood floors throughout. Rear balcony. All residential finishes similar in all units. Photos are from unit 4N along with floorplan, 3N and 2N are identical to 4N. 2S, 3S, 4S units are the same layout just flipped. Parking spaces for each unit in rear of the building.
Full Property Details
Full Property Details for 2942 N Lincoln Ave
General
- Sold For: $4,850,000
- Taxes: $39,691 (2021)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 11799705
- Added to Site: 995 day(s) ago
Interior
- Fireplace: Yes
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors
Parking
- Total Spaces: 6
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - Lake View
- County: Cook
- Driving Directions: Belmont to Lincoln, East to Property.
- Location Details: Downtown Chicago, Chicago North
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick
- Stories/Levels: 4
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 2006
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 6
Lot Features
- Lot Size (Sq. Ft.): 5,712
- Lot Dimensions: 48 x 118
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $48,582
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors
- Assessment Year: 2006
- Tax Amount: $39,691
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 14291220310000
Listed by @properties Christie's International Real Estate
Sold by USA Realty Group Inc
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Schools
Schools serving 2942 N Lincoln Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burley Elementary School 1630 West Barry Avenue, Chicago, IL 60657 | K-8 | 0.4 mi |
Lake View High School 4015 North Ashland Avenue, Chicago, IL 60613 | 9-12 | 1.4 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 2942 N Lincoln Ave
Date
Details
Price
Change
Source
11/10/2023
Sold
$4,850,000
-3%
MLS
6/05/2023
Listed
$5,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2942 N Lincoln Avenue, Chicago, IL 60657 (MLS# 11799705) is a Commercial property that was sold at $4,850,000 on November 10, 2023. Want to learn more about 2942 N Lincoln Avenue? Do you have questions about finding other Commercial real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.

