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    304 Lincoln Ct Addison, IL 60101

    Sponsored
    For Sale
    $760,000

    Six-unit building, updated, strong cash flow.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional six-unit multifamily property located at 304 W Lincoln Court, Addison, IL, presents a compelling investment opportunity. The building comprises five two-bedroom units and one one-bedroom unit, offering a diverse tenant base. Its prime Addison location ensures consistent occupancy and strong rental income. The property is meticulously maintained, boasting recent upgrades including a new hot water heater and a new boiler, minimizing operational expenses and maximizing return on investment. Tenants are responsible for their own electricity, further reducing the owner's operational costs. The units themselves have been updated, enhancing their appeal to renters and contributing to higher rental rates. This well-managed property offers a stable and lucrative investment opportunity for discerning buyers seeking a turnkey multifamily asset in a desirable location. The building's excellent condition and low operating expenses make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a profitable, well-maintained multifamily property in a thriving market. The property is offered at $760,000. Serious inquiries only.

    Property Features for 304 Lincoln Ct

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -87.99582
    Latitude
    41.93782

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit building, updated, strong cash flow.
    Where is this commercial real estate located?
    The property is located at 304 Lincoln Ct Addison, IL.
    What is the asking price?
    The asking price for this property is $760,000.
    (847) 352-5200
    Request Owner's contact information
    304 Lincoln Ct Addison, IL 60101
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    Addison, IL 60101
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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
    304 Lincoln Ct Addison, IL 60101
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