50 Lincoln Avenue

Closed 6/24/21

Sold

Last Sold Price

$475,000

5 beds

50 Lincoln Ave, Riverside, IL 60546

Multi FamilyProperty Type

0.23 acresLot Size

1923Year Built

8 carsParking Spaces

Description

Desirable in town historic riverside location! Long time owner selling this vintage 5 unit. All units 1 br with original hardwood floors throughout. Newer tear off roof;new $17,900+ boiler,on site laundry and off street parking for 8 + cars. Walk to train, restaurants, shops local.Desirable in town historic riverside location! Long time owner selling this vintage 5 unit. All units 1 br with original hardwood floors throughout. Newer tear off roof;new $17,900+ boiler,on site laundry and off street parking for 8 + cars. Walk to train, restaurants, shops local.

Sold By Skydan Real Estate Sales, LLC

Listed by: James Stillo 708.334.9001 stillo@skydangroup.com • Skydan Real Estate Sales, LLC

Listing closed: 06/24/2021 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11054219

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$3,670 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,536

Property Taxes

$1,134

HOA Dues

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Property Information for 50 Lincoln Avenue

Property Details

Taxes: $13,611 / year
MLS Type: Multi Family 5+ / Multi Family 5+-Other
County: Cook County
Area: Riverside
Township: Riverside
Zoning: MULTI

Building Information

Stories: 2
Residences: 5
Year Built: 1923
Lot Size: 0.23 AC / 10,000 SF

General Information

Addtl Parking Information

Outdoor Parking: 6-12 Spaces

Location and General Information

Information: 48-Hr Notice Required

Taxes and HOA Information

Additional Parcels: No

Property Information

Interior Features

# Of Washers: 1
Heat/Ventilation: Central Bldg Heat,Gas,Radiators,Steam

# Of Refrigerators: 5
Misc Inside: Storage Inside,Laundry Room
# Of Dryers: 1
Num of Baths: 0.0

Property/Lot Information

Tenant Pays: Electricity
Built Before 1978: Yes

Approximate Age: Older
Multi-Family Type: Other
Lot Dimensions: 10000
Stories: 2
Exterior Building Type: Brick
Construction: Brick
Roof Structure: Hip
Foundation Details: Concrete Perimeter
# Of Ranges: 5

Property and Assessments

Public Document Count: 0
Photos Count: 11

Virtual Tour/Additional Media

Virtual Tour: None
Virtual Tour YN: No

Multi Family

Multi-Family Information

Number Of Units Total: 5

Income & Expenses

Electric Expense: $700.00
Fuel Expense: $3,500.00

Gross Income: $56,775.00
Gross Scheduled Income: $56,775.00
Insurance Expense: $2,100.00
Maintenance Expense: $.00
Manager Expense: $.00
Electric Expense Source: Actual
Expense Year: 2020
Fuel Expense Source: Actual
Insurance Expense Source: Actual
Janitor Expense: 0
Net Operating Income Year: 2020
Trash Expense Source: Actual
Total Monthly Income: 4731
Water Expense Source: Actual
Net Operating Income: $33,264.00
Operating Expense: $23,511.00
Other Expense: $.00
Trash Expense: $1,500.00
Water Sewer Expense: $2,100.00

Unit 1

Unit Type Baths Total: 1
Unit Type Beds Total: 1

Unit Type Type: Unit 1
Unit Type Units Total: 5
# Of Rooms - Unit 1: 4
# Of Full Bthrms - Type 1: 1
Monthly Income - 1: 800

Unit 2

Unit Type Beds Total: 0
Unit Type Type: Unit 2

Unit Type Units Total: 0
# Of Rooms - Unit 2: 0
Monthly Income - 2: 0

Unit 3

Unit Type Beds Total: 0
Unit Type Type: Unit 3

Unit Type Units Total: 0
# Of Rooms - Unit 3: 0
Monthly Income - 3: 0

Unit 4

Unit Type Beds Total: 0
Unit Type Type: Unit 4

Unit Type Units Total: 0
# Of Rooms - Unit 4: 0
Monthly Income - 4: 0

Unit 5

Unit Type Beds Total: 0
Unit Type Type: Unit 5

Unit Type Units Total: 0
# Of Rooms - Unit 5: 0
Monthly Income - 5: 0

Unit 6

Unit Type Beds Total: 0
Unit Type Type: Unit 6

Unit Type Units Total: 0
Monthly Income - 6: 0

Unit 7

Unit Type Beds Total: 0
Unit Type Type: Unit 7

Unit Type Units Total: 0
# Of Rooms - Unit 7: 0
Monthly Income - 7: 0

Property History for 50 Lincoln Avenue

Date	Event & Source	Price	Appreciation
Jun 24, 2021	Sold MRED #11054219	$475,000	—
Jun 22, 2021	Sold (Public Record) Public Record #1465963289	$475,000	—
Apr 19, 2021	Pending MRED #11054219		—
Apr 15, 2021	Listed (Active) MRED #11054219	$549,000	—
Mar 23, 2018	Cancelled MRED #09830979	$575,000	—
Jan 10, 2018	Listed (Active) MRED #09830979	$575,000	—

Date	Event & Source	Price
06/24/2021	Sold MRED #11054219	$475,000
06/22/2021	Sold (Public Record) Public Record #1465963289	$475,000
04/19/2021	Pending MRED #11054219	—
04/15/2021	Listed (Active) MRED #11054219	$549,000
03/23/2018	Cancelled MRED #09830979	$575,000
01/10/2018	Listed (Active) MRED #09830979	$575,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

50 Lincoln Avenue

Baths

Total Finished SqFt

4,125 SqFt

Above Grade Finished SqFt

4,125 SqFt

Stories

Lot Size

10,000 SqFt

Style

Multi-Family Res (5+ Units)

Schools near 50 Lincoln Avenue

This home is within Riverside-Brookfield Twp School District 208.


Rating	School	Type	Grades	Distance
9/10	Central Elementary School	Public - Serves this home	PK to 5	0.2 mi
10/10	L J Hauser Jr High School	Public - Serves this home	6 to 8	0.2 mi
10/10	Riverside Brookfield Twp High School	Public - Serves this home	9 to 12	0.3 mi
NR	Tailgrass Sudbury School	Private - Nearby school	3 to 11	0.1 mi
NR	St Mary Elementary School	Private - Nearby school	PK to 8	0.4 mi
NR	Singing Winds School	Private - Nearby school	PK to 6	0.2 mi


Rating	School	Distance
9/10	Central Elementary School PublicPK to 5 Serves this home	0.2 mi
10/10	L J Hauser Jr High School Public6 to 8 Serves this home	0.2 mi
10/10	Riverside Brookfield Twp High School Public9 to 12 Serves this home	0.3 mi
NR	Tailgrass Sudbury School Private3 to 11 Nearby school	0.1 mi
NR	St Mary Elementary School PrivatePK to 8 Nearby school	0.4 mi
NR	Singing Winds School PrivatePK to 6 Nearby school	0.2 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Skydan Real Estate Sales, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/24/2021 04:07 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.