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

GALLERY

394 W Lincoln Highway, Chicago Heights, IL 60411

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