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394 W Lincoln Highway

Chicago Heights, IL 60411

  • 5,305 SqFt
  • 1926 Year Built
Newly rehabbed 5 unit building with extremely strong rents! Boasting an 8.68% cap rate providing more than 10% cash on cash return, this is a strong turnkey investment. This building has been turned over and updated over the last year with new/refinished flooring through most of the apartments, fresh paint, new or freshened up cabinets, several updated bathrooms, several updated countertops, and exterior updates/repairs. Plenty of parking and large floorplans make this an easy to rent building.
Listed by Michael Scanlon of eXp Realty , Sold By Joanne Ketsios of Redfin Corporation

PROPERTY DETAIL

  • Key Details

    Sold Price $515,00010.4%

    Property Type Commercial

    Sub Type Multi Family 5+

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 5, 305 sqft

    Price per Sqft $97

    MLS Listing ID 12508697

    Sold Date 04/02/26

    Year Built 1926

    Annual Tax Amount $15,107

    Tax Year 2023

    Lot Dimensions 118X128

    Property Sub-Type Multi Family 5+

  • Location

    State IL

    County Cook

    Zoning COMMR

  • Rooms

    Basement Finished

  • Building

    Structure Type Brick

  • Interior

    Cooling Window Unit(s)

    Fireplaces Number 2

    Fireplace Y

  • Exterior

    View Y/N true

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CONTACT

Michael Scanlon
Michael Scanlon

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