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$275,000 Just Listed
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Property Description
Fantastic opportunity to make this spacious 1,340 sq. ft., 2-bedroom, 2-bath condo your own! Located on the second floor of a well-maintained elevator building in desirable Morton Grove, this unit offers generously sized rooms, a functional floor plan, and two private balconies-one off the living room and another off the primary bedroom. The spacious primary suite features a full bathroom with a walk-in shower, separate dressing area, and walk-in closet. The galley kitchen offers an eating area, while newer windows provide an added benefit. Indoor garage parking is included, along with ample exterior parking for residents and guests. Additional conveniences include a storage unit on the same floor, common laundry facilities, and an exercise room. The building features a secure entrance, updated lobby, and a lovely private courtyard in the back. Excellent location with easy access to the Metra station, CTA Yellow Line, and I-94, plus Pace Bus Route #210 stopping directly in front of the building. While the unit needs updating, its generous square footage, desirable layout, and excellent location offer tremendous potential to create a beautiful home tailored to your taste. A great opportunity for buyers looking for space, convenience, and value!
Full Property Details
Full Property Details for 5501 Lincoln Ave #206
General
- Price: $275,000
- HOA FEE: $450/month
- Taxes: $6,151 (2025)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12786288
- Updated: 10/15/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: None
- Interior Features: Storage
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Coin Laundry, Elevator in Residence, Exercise Room, Storage
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 2
- Parking Features: Garage Door Opener, Heated Garage, Yes, Garage Owned, Attached, Garage
Location
- Area: Morton Grove
- County: Cook
- Township: Niles
- Subdivision: Lincoln Terrace
- Driving Directions: Lincoln Ave, East of Central Ave
School Information
- School District: 70
- Elem School District: 70
- Midd School District: 70
- High School District: 219
- Elementary School: Park View Elementary School
- Middle School: Park View Elementary School
- High School: Niles West High School
- Private School: Niles West High School
Community
- Assoc. Fees Include: Water, Parking, Insurance, Security, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- Mgmt. Company: Prairie Shores Property Management
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Structure Type: Condo, Mid-Rise (4 to 6 Stories)
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Sub-Flooring: Laminate
- Entry Floor Number: 2
- Stories/Levels: 5
- Square Feet: 1,340
- Sq. Ft. Source: Plans
- Built Before 1978: Yes
Unit Information
- Units in Building: 44
Lot Features
- Lot Dimensions: common
Financial Considerations
- Association Fee: $450
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Tax Amount: $6,151
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Special Conditions: List Broker Must Accompany
- Property ID: 10211300201006
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Schools
Schools serving 5501 Lincoln Ave #206
| Name | Grades | Distance |
|---|---|---|
Park View Elementary School, Morton Grove, IL 6200 Lake Street, Morton Grove, IL 60053 | PK-8 | 1.1 mi |
Niles West High School 5701 Oakton Street, Skokie, IL 60077 | 9-12 | 0.7 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 5501 Lincoln Ave #206
Date
Details
Price
Change
Source
10/15/2026
Listed
$275,000
64.67%
MLS
2/27/2020
Sold
$167,000
—
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 5501 Lincoln Ave #206
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,957
—
$22,517
31%
2023
$4,957
5%
$17,162
—
2022
$4,723
3%
$17,162
21%
2021
$4,565
69%
$14,233
—
2020
$2,700
-1%
$14,233
-11%
2019
$2,725
38%
$15,905
64%
2018
$1,968
10%
$9,672
—
2017
$1,787
-8%
$9,672
—
2016
$1,936
12%
$9,672
11%
2015
$1,725
-1%
$8,727
—
2014
$1,746
4%
$8,727
—
2013
$1,682
-58%
$8,727
-49%
2012
$3,992
—
$17,215
—
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 5501 Lincoln Ave #206
5501 Lincoln Avenue #206, Morton Grove, IL 60053 (MLS# 12786288) is a Condo property with 2 bedrooms and 2 full bathrooms. 5501 Lincoln Avenue #206 is currently listed for $275,000 and was received on October 15, 2026. Want to learn more about 5501 Lincoln Avenue #206? Do you have questions about finding other Condo real estate for sale in Morton Grove? You can browse all Morton Grove real estate or contact a Coldwell Banker agent to request more information.

