3912 North Lincoln Avenue
Closed
North Center
$1,450,000
Whether you’re considering selling or buying a multi-family property, the time is ripe for action.. Buyers can unlock New Opportunities with as low as 5% down (owner occupy) with the changing landscape in the multi-family space as the recent decision by Fannie Mae and Freddie Mac to lower the required down payment for owner-occupant purchases. The down payment requirement has dropped from 15%-25% to an astonishingly low 5% for 2-4 unit properties. This move has opened the doors for new buyers, creating a surge in demand for multi-family units in Chicago. Sellers looking to exit could be in a great position with this increased demand.
Property Type
Bedrooms
10
Bathrooms
6
Half Baths
0
Square Footage
3,825
Unit Count
4
Year Built
1900
Neighborhood
North Center
Multi Family
Property Details
Listing Agent:
Jason Rowland
312.927.1942
PRIME NORTH CENTER - MIXED USE - VALUE ADD OPPORTUNITY - 5 total units (4 residential + large retail space). Two apartments contain 3 beds and 1 bath. The other two apartments contain 2 beds and 2 baths. location at Lincoln and Irving Park. Large L-shaped lot with frontage on both Lincoln Ave and Byron St. Current rents are below market. Residential Rents. 1-B $2100 2-B $2400 1-L $2450 2-L $2100. Commercial space is vacant...perfect for contractor or business in need of storage and parking. 4 interior parking spaces. Close proximity to Lincoln Square, Roscoe Village, and Southport Corridor shopping and dining. Bell School District. Quick walk to Irving Park Brown Line.