Sold

5035 N Lincoln Avenue

Chicago IL, 60625

$2,600,000


$91.83 per sqft

Sold

0.65 Acres

Land

Courtesy of Coldwell Banker Realty

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.

11296943

MLS ID

January 3, 2022

Listed

March 28, 2024

Updated

Map

5035 N Lincoln Avenue
Chicago IL, 60625

Exterior/Building Features

Lot Size

0.65 Acres

School Information

School District

299

Other Property Details

Area Name

CHI - Lincoln Square


Taxes

$66,940


Tax Frequency

Annually


Days on Market

589


Garage

No


Parking Total

0


View

No


County

Cook


Pool

No


Waterfront

Yes


Zoning

OTHER


Buyer Agency Compensation

2.00% CO-OP BROKER

Courtesy of Coldwell Banker Realty, Choudhry Muzaffar,
Listing Contact: 312-709-9527 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Dawn McKenna Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data last updated 4:18 AM UTC, 3/28/2024

 

 

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