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394 W Lincoln Highway

Chicago Heights, IL 60411
  • $575,000
  • STATUS: Active
  • ON SITE: 98 Days
  • MLS #: 12508697
$575,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1926
County:
Area:

School Ratings & Info

Description

Newly rehabbed 5 unit building with extremely strong rents! Boasting an 8.43% cap rate providing 10.09% 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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-02-06T20:20:40.567 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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394 W Lincoln Highway Chicago Heights, IL 60411

  • Price: $575,000
  • Status: Active
  • On Site: 98 Days
  • MLS #: 12508697
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1926
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Newly rehabbed 5 unit building with extremely strong rents! Boasting an 8.43% cap rate providing 10.09% 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.
Interior Features

Basement Details Finished Cooling Window Unit(s) Fireplaces Total 2 Heat Ventilation Forced AirRadiators Number Of Dishwashers 1 Number Of Dryers 0 Number Of Ranges 4 Number Of Washers 0

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 5305 Built Before1978 YN Yes Current Use Multi-Family Electric Service - 0 to 100 Amps Gross Income 89292 Gross Scheduled Income 89292 Insurance Expense 7600 Maintenance Expense 2500 Mls Actual Status Active Net Operating Income 48469 Operating Expense 36358 Tax Annual Amount 15107 Tax Year 2023 Tenant Pays Electricity Total Monthly Income 7441 Township Bloom Type Multi Family 5+ Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of eXp Realty: 888-574-9405.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-02-06T20:20:40.567 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Leila Keene & Marjorie Allabastro Team | Baird & Warner
2526 N Lincoln Ave
Chicago IL, 60642