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    5011 N Western Ave Chicago, IL 60625

    Sponsored
    For Sale
    Under Contract
    $725,000

    Residential Income - Chicago, IL

    Days on Market:
    50
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 5011 N Western Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    14073070040000
    Parking
    2
    Exterior features
    Fencing
    Fencing
    Fenced

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1907
    Roof type
    Asphalt
    Architectural style
    Other

    RE/MAX Premier Properties (312) 475-1717 [email protected]

    Listing agent Mera Kordic (312) 475-1717 License #475135420

    Listing date Nov 17, 2025

    MLS# 12480144 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lincoln Square Investment Opportunity

    Located in Chicago's Lincoln Square neighborhood, this well-maintained 3-unit building presents an investment opportunity. Each of the three spacious 2-bedroom apartments includes separate living and dining rooms, updated kitchens and bathrooms, and separate utilities. The property features coin-operated laundry machines for tenant convenience, a rear patio, and a detached 2-car garage. The property is located steps from the Brown Line, Winnemac Park, and the Lincoln Square corridor with shops, restaurants, and nightlife. New condo developments nearby are expected to boost long-term property value and rental demand. The property is zoned B3-3 per the City of Chicago. The adjacent property is also available, offering a chance to acquire side-by-side buildings in a thriving location. It is ideal for investors looking to expand their portfolio with value-add opportunities in a high-demand area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.688677
    Latitude
    41.9726749

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    FAQs

    What type of property is this?
    Triplex - Well-maintained 3-unit building in desirable Lincoln Square neighborhood.
    Where is this triplex located?
    The property is located at 5011 N Western Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Prime Lincoln Square location: Steps from Brown Line, Winnemac Park, shops, restaurants, and nightlife.; - Three spacious 2-bedroom apartments with updated kitchens and bathrooms.; - Separate utilities for each unit, simplifying property management.
    (312) 720-6667
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5011 N Western Ave Chicago, IL 60625
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