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5029 - 5031 N Lincoln 0.34 Acres of Commercial Land Offered at $3,759,085 CAD in Chicago, IL 60625
Executive Summary
Kiser Group has been exclusively engaged to market for sale 5029-31 N. Lincoln Avenue, a development site in the Lincoln Square neighborhood of Chicago. This 14,794 square foot lot has been re-zoned to B2-3 TOD and approved for a 47-unit 5 story mixed-use building with ground floor retail. The apartment unit mix is favorable with thirty one (31) 2 bedroom / 2 bathroom apartments and sixteen (16) 1 bedroom units. The ground floor retail space is ~1,250 square feet with frontage along Lincoln Avenue. The plans also account for modern amenities to draw tenants including an elevator, 16 parking spots, a bike room, and rooftop deck.
The property is located in the Lincoln Square neighborhood, known to draw families, community with a vibrant corridor along Lincoln Avenue filled with both national and boutique retailers, trendy restaurants, and high-demand residential. Located only 0.4 miles distance to the Western Brown Line CTA station, the land was approved for TOD zoning.
5029-31 N. Lincoln offers the opportunity for a developer to build a substantial mid-rise mixed-use building in a core Chicago neighborhood.
The property is located in the Lincoln Square neighborhood, known to draw families, community with a vibrant corridor along Lincoln Avenue filled with both national and boutique retailers, trendy restaurants, and high-demand residential. Located only 0.4 miles distance to the Western Brown Line CTA station, the land was approved for TOD zoning.
5029-31 N. Lincoln offers the opportunity for a developer to build a substantial mid-rise mixed-use building in a core Chicago neighborhood.
Property Facts Under Contract
| Price | $3,759,085 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Property Type | Land | ||
| Zoning | B2-3 - As of Right B2-3 | ||
| Price | $3,759,085 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.34 AC |
| Zoning | B2-3 - As of Right B2-3 |
1 Lot Available
Lot
| Price | $3,759,085 CAD | Lot Size | 0.34 AC |
| Price Per AC | $11,068,372.85 CAD |
| Price | $3,759,085 CAD |
| Price Per AC | $11,068,372.85 CAD |
| Lot Size | 0.34 AC |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Numbers | Improvements Assessment | $345,003 CAD | |
| Land Assessment | $137,183 CAD | Total Assessment | $482,187 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$137,183 CAD
Improvements Assessment
$345,003 CAD
Total Assessment
$482,187 CAD
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5029 - 5031 N Lincoln
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