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DESCRIPTION

Presenting the CW - Lincoln Square's newest rental property at 5100 N Western Avenue. This brand new construction building (2022) is comprised of 24 units, and a 2,500 square foot ground floor retail space on the corner of Western and Carmen Ave. The unit mix consists of (6) 1bed/1bath, (6) 2bed/2bath, and (12) 2bed/2bath + balcony units plus 24 heated garage parking spaces. The units range in size from 750-1,150 square feet, possess condo quality finishes and layouts including a common area roof deck. The abundance of windows allow for tons of natural light in each unit. The building is currently being stabilized with leases. Great appreciating area near all Lincoln Square has to offer including Gather, the Davis Theater, Artango, Gene's, Winnemac Park, and more!

KEY DETAILS
  • Price:
  • $11,000,000
  • Bedrooms:
  • 5
  • Square Footage:
  • n/a
  • Acreage:
  • 0.18
  • Year Built:
  • 2022
  • MLS #:
  • MRD11637602
  • Street Address:
  • 5100 N Western Ave
  • City:
  • Chicago
  • State:
  • IL
  • Postal Code:
  • 60625
  • County:
  • Cook
  • Area:
  • Lincoln Square
  • Listing Status:
  • For Sale - Active

Building

  • Exterior Description:
  • Masonite
  • Stories:
  • 4
  • Type Of Roof:
  • Membrane
  • Year Built:
  • 2022

Business

  • Annual Electric Expenses:
  • 2500
  • Annual Insurance Expenses:
  • 14000
  • Annual Maintenance Expenses:
  • 1500
  • Annual Trash Expenses:
  • 3000
  • Annual Water/Sewer Expenses:
  • 9000
  • Estimated Potential Income:
  • 76288
  • Gross Income:
  • 960600
  • Net Operating Income:
  • 612450
  • Operating Expense:
  • 303000

Land

  • Existing Land Use:
  • Multi-Family
  • Lot Frontage:
  • City Street
  • Lot Square Footage:
  • 7960

Listing

  • Days On Market:
  • 94
  • Originating Mls:
  • Mred

Money

  • Tax Year:
  • 2020
  • Tenant Pays:
  • Electricity, Heat

Structures

  • Parking Spaces:
  • 24

Systems

  • Cooling System:
  • Central Air, Central Individual
  • Electricity:
  • Circuit Breakers, Fuses, Separate Meters

Units

  • Unit 1 Total Bathrooms:
  • 1
  • Unit 1 Total Bedrooms:
  • 1
  • Unit 1 Type:
  • Unit 1
  • Unit 2 Total Bathrooms:
  • 2
  • Unit 2 Total Bedrooms:
  • 2
  • Unit 2 Type:
  • Unit 2
  • Unit 3 Total Bathrooms:
  • 2
  • Unit 3 Total Bedrooms:
  • 2
  • Unit 3 Type:
  • Unit 3
  • Unit 4 Type:
  • Unit 4
  • Unit 5 Type:
  • Unit 5
  • Unit 6 Type:
  • Unit 6
  • Unit 7 Type:
  • Unit 7

Source

  • Listing Provided By: Danielle Dowell with Berkshire Hathaway HomeServices Chicago

    ILMRED
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