5250 N Lincoln Ave - Apartments CONDO FOR SALE


Chicago, IL 60625- Lincoln Square
$225,000 USD
5250 N Lincoln Ave, Chicago, IL for Sale
$225,000 USD
Apartments CONDO - FOR SALE
1/8
null | 5.06% Cap Rate

5250 N Lincoln Ave
Chicago, IL 60625
Lincoln Square


HIGHLIGHTS

  • Located in a dense, high-income neighborhood with consistent demand for office/retail space
  • Surrounded by long-standing businesses and thriving local enterprises
  • Attractive to both owner-users and investors due to its size and flexible layout
  • Low vacancy area with historically stable rent growth
  • Potential for strong long-term appreciation in one of Chicago’s most resilient submarkets
  • Condo ownership—no landlord responsibilities, lower operating risk

OVERVIEW

Colliers Net Lease Investment Group is pleased to present the opportunity to acquire Bello Hair Studio is a fully built-out salon space located in a professionally managed, mixed-use condo building in Chicago’s desirable Lincoln Square neighborhood. An investment opportunity with in-place tenancy and strong long-term upside. Unit 4G is leased to a well-established salon at significantly below-market rent, providing a stable income stream with potential for future rent appreciation. For owner-operators, this is also an attractive option to acquire a fully built-out salon space at below-replacement cost in a professionally managed building.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

5.06%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

6,469 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,316 SF

ZONING

B3-2

APN/PARCEL ID

13-12-229-027-1013

ASK ABOUT THIS PROPERTY

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