5029 N Lincoln Ave - Multi-Family FOR SALE


Chicago, IL 60625- Lincoln Square
$3,000,000 USD
773-293-5046
5029 N Lincoln Ave, Chicago, IL for Sale
$3,000,000 USD
Multi-Family - FOR SALE
1/32
null | Request Cap Rate

5029 N Lincoln Ave
Chicago, IL 60625
Lincoln Square


HIGHLIGHTS

  • Entitled for 47 Apartments + ~1,250 SF Ground Floor Retail
  • Plans include thirty-one (31) 2 bed / 2 bath apartments, sixteen (16) 1 bed units, indoor parking, bike storage, elevator, and rooftop
  • 14,794 Square Foot Lot | TOD B2-3 Zoning
  • 0.4 miles to Western Brown Line CTA Station
  • 0.4 miles to Winnemac Park
  • 0.4 miles to Lincoln Avenue Retail Corridor

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 5029-31 N. Lincoln Avenue, a development site in the Lincoln Square neighborhood of Chicago. This 14,794 square foot lot has been re-zoned to B2-3 TOD and approved for a 47-unit 5 story mixed-use building with ground floor retail. The apartment unit mix is favorable with thirty one (31) 2 bedroom / 2 bathroom apartments and sixteen (16) 1 bedroom units. The ground floor retail space is ~1,250 square feet with frontage along Lincoln Avenue. The plans also account for modern amenities to draw tenants including an elevator, 16 parking spots, a bike room, and rooftop deck. The property is located in the Lincoln Square neighborhood, known to draw families, community with a vibrant corridor along Lincoln Avenue filled with both national and boutique retailers, trendy restaurants, and high-demand residential. Located only 0.4 miles distance to the Western Brown Line CTA station, the land was approved for TOD zoning. 5029-31 N. Lincoln offers the opportunity for a developer to build a substantial mid-rise mixed-use building in a core Chicago neighborhood.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$46 USD /SF

# OF UNITS

47

PRICE/UNIT

$63,830

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

13-12-411-131-0000

ASK ABOUT THIS PROPERTY

Katie LeGrandKiser GroupMore Info
773-293-5046

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Katie LeGrandKiser GroupMore Info
773-293-5046

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.