Address
5459 N Lincoln Avenue N Chicago, IL
Price
$ 1,599,000
Property Attributes
  • MLS#11012165
  • TypePending
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lincoln Square
  • Zip60625
  • StyleCondominium,Multi-Family,Retail
  • Taxes$ 33904
  • Price$ 1,599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Real People Realty Inc
Data Source:
Midwest Real Estate Data LLC
Property Description

** TIF DISTRICT HOT REDEVELOPMENT ON NORTH LINCOLN AVENUE IN THE 40 TH WARD ** B3-2 Zoning - Lincoln Square - 14,712 Square Foot Corner Lot - 150 Frontage x 97 Foot Depth - Priced @ $108 Per Sq Ft - Media Sign Contract for Billboard has a 60 Day Termination Clause perfect for Developers. Southeast Corner Lincoln Ave. and Catalpa Ave. Perfect to Land Bank for 1031 Deferred Exchange. Includes thousands of dollars in continued Passive Income from Commercial Billboard Sign on roof, contract has 6.5 years left with 60 Day Termination Clause property owner can exercise anytime. There is upside income on negotiating a Digital Sign upgrade. Also, consistent rental parking $$$ income. Thousands of dollars of Passive Income ever month. Excellent opportunity for Multi-Family apartments or condos, NNN Triple Net for Franchise, Mixed-Use Site all for New Development. Land Bank or 1031 your money here. Close to Brown Line, Metra, shopping, North Park College, Northeastern Illinois U, North Park College Preparatory High School, and everything Lincoln Square has to offer. Substantial Frontage makes imposing statement. Currently on site is an established long running family automotive business, could defiantly be purchased to continue automotive business and operation. Business is not included in this listing price for land and is open to negotiable. Please do not bother business, Confidential. Backup Package available!

Price History
3/5/2021 Listed $1,599,000

General Features

Current Use Retail
Elementary School District 299
High School District 299
Middle/Junior School District 299
Ownership Fee Simple
Possible Use Condominium, Multi-Family, Retail
Property Type Land
Property Type Land
Standard Status Pending
Tax Annual Amount 33904.31
Township Jefferson

Exterior Features

Frontage Length 150
Frontage Type City Street
Lot Dimensions 150 X 97
Lot Size Acres 0.34
Road Surface Type Asphalt
Waterfront Y/N No

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 60625

Price
AVG $400K
$1.6M
Taxes
AVG $7,878
$33,904
Visits
AVG 43
78
Walkscore
AVG 92
88
Data Provided by Walkscore ® not using MLS data

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