5035 North Lincoln Avenue
5035 North Lincoln Avenue
$2,600,000
28,314 / 0.65
Closed 11/15/23
Description
28,000 SF Site located on Lincoln Ave and Winnemac, perfect for a residential condominium, multi-family, mixed-use or stand alone retail/medical office development. 220 Feet of frontage along Lincoln. Currently zoned B2-3 with a Type 1 zoning approval. Permits are active through July 2023 for 2 of the four buildings. Current approvals are for 24 condominium units within 4 buildings of 6 units each building with 4 simplex units of 3 bedroom 2.5 bathroom units of 1,700 SF and 2 duplex down of 4 bedroom...28,000 SF Site located on Lincoln Ave and Winnemac, perfect for a residential condominium, multi-family, mixed-use or stand alone retail/medical office development. 220 Feet of frontage along Lincoln. Currently zoned B2-3 with a Type 1 zoning approval. Permits are active through July 2023 for 2 of the four buildings. Current approvals are for 24 condominium units within 4 buildings of 6 units each building with 4 simplex units of 3 bedroom 2.5 bathroom units of 1,700 SF and 2 duplex down of 4 bedroom 3.5 bathroom 2,800 SF each. ARO is 10% of total unit count restricted to 2 apartments, currently ARO allows for rental units this could be amended to condo for sall. Planned infrastructure improvements along Lincoln with expansion of sidewalks, make this an ideal location to develop your next marquee residential or commercial project. This property is under receivership. 4.5% commission with 2.00% going to the buy side. Call broker for access to due diligence folder which has engineering, environmental, updated permits, ARO covenant and site surveys. Not many sites of this size and frontage come along.
- Listed by Choudhry Muzaffar • Coldwell Banker Realty
Sold By Homesmart Connect LLC
Property Details for 5035 North Lincoln Avenue
Area
CHI - Lincoln Square
TownshipNorth Chicago
OwnershipFee Simple
Num Of Cars0.0
ZoningOTHER
Location
LISTING UPDATED: 11/16/2023 12:26 PM
Property Details for 5035 North Lincoln Avenue
Status | Closed |
---|---|
MLS # | 11296943 |
Days on Market | 681 |
Taxes | $66,940 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land |
Year Built | - |
Lot Size | 0.65 AC |
County | Cook County |
Location
Building Information for 5035 North Lincoln Avenue
Lot Size0.65 AC
Payment Calculator
$19,768 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5035 North Lincoln Avenue
Property History for 5035 North Lincoln Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5035 North Lincoln Avenue
Taxable ValueLand$175,000Additions$246,695Total$421,695
Tax Record2019$88,450 ($7,371 / month)
Home Facts
Total Finished SqFt6,000 SqFtAbove Grade Finished SqFt6,000 SqFtStories1Lot Size28,000 SqFtStyleStoresYear Built1997CountyCOOKAPN13-12-411-073
Schools near 5035 North Lincoln Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Budlong Elementary School PublicPK to 8 | ||
Amundsen High School Public9 to 12 | ||
Edison Elementary Regional Gifted Center PublicK to 8 | ||
Northside College Preparatory High School Public9 to 12 |
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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