5689 North Lincoln Avenue

Description:

Located in the diverse and steadily appreciating West Ridge neighborhood—Community Area 02 of Chicago—this newly constructed 6-unit property presents a rare, turn-key investment with immediate cash flow and long-term upside.

Currently 100% occupied, the building produces a strong gross income of $265,200 annually, with low operating expenses of just $45,000, resulting in an impressive Net Operating Income of $220,200. Built for efficiency and minimal maintenance, this modern asset is ideal for investors seeking a hands-off, cash-flowing property from day one.

Even more compelling, architectural drawings are available to build 3 additional units on the lot. Zoning & permits have been approved for construction of these additional units. With these units added, the projected gross income increases to $361,200, and projected net income rises to $274,100, offering a rare value-add opportunity in one of the city’s more affordable and under-the-radar rental markets.

West Ridge is known for its strong sense of community, diverse population, and proximity to amenities like Indian Boundary Park, Warren Park, and Loyola University. With solid public transit options, access to major thoroughfares, and a growing rental demand, this neighborhood is gaining the attention of savvy investors. Tenants enjoy a quiet residential setting with easy access to shopping, schools, and cultural attractions.

Don't miss this unique opportunity to own a low-maintenance, high-performing asset in a neighborhood with strong fundamentals and room to grow.

Contact Eugene Beckles- Kale Realty (312)627-9053 (License # 475.188942); or CARMEN B MAUGERI- l(312) 939 5253 (License # 475181549)

Financials and drawings are available upon request.