Lincoln Square Condo with City
For Sale
$415,000
5300 N Lincoln Avenue #4B, Chicago, IL 60625
Spacious 3-bedroom condo in prime Lincoln Square location.
Property Size1,500 SF
Days on Market407
Property Features for 5300 N Lincoln Avenue #4B
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Condominium
Amenities
Natural Gas
Central Air
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Stainless Steel Appliance(s)
Building Details
Building Size
1,500 SF
Year Built
2007
Listing Agency:
Exit Grace Realty
Listed By:
Grace Martinez
(773) 520-2344
Source:
Kw
Added: Aug 22, 2025
Changed: Oct 1
Last Checked: Jul 16 at 6:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Grace Realty
Investment Insights
Based on property information with market context.
This spacious 3-bedroom, 2-bath condo is located in the heart of Lincoln Square. The unit is flooded with natural light and features a kitchen equipped with 42" cabinetry, granite countertops, stainless steel appliances, and a large breakfast island. The kitchen flows into the dining area, making it ideal for entertaining. The living room opens to a private balcony that offers sweeping city views. New flooring is installed throughout the unit. The primary suite includes a walk-in closet with custom organizers, a spa-like bath with a double vanity, and a separate shower. Two additional bedrooms offer versatility for guests, family, or a home office. The condo includes full-size in-unit laundry and a heated garage parking space. The location is steps to shops and restaurants, across from Tony's Market, with a CTA stop right outside the door, plus easy access to the Brown Line and North Channel Trail.
Key Highlights
- Incredible Lincoln Square location: steps to shops, restaurants, Tony's Market, and CTA stop.
- Spacious 3 bedroom, 2 bath condo with abundant natural light.
- Kitchen features 42" cabinetry, granite countertops, stainless steel appliances, and breakfast island.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,994
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$459,880
$459.9K
Cap Rate 7%
$328,486
$328.5K
Cap Rate 9%
$255,489
$255.5K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.1K $29.40/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$41.8K $27.87/SF
− OpEx
−$18.8K −$12.54/SF
NOI
$23.0K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$459,880
Cap Rate 7%
$328,486
Cap Rate 9%
$255,489
Alternative Uses
Best Use
Apartment 5plus
$328.5K
$287.4K – $383.2K
NOI $22,994 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,507 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Spacious 3-bedroom condo in prime Lincoln Square location.
Where is this apartment building located?
The property is located at 5300 N Lincoln Avenue #4B Chicago, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Incredible Lincoln Square location: steps to shops, restaurants, Tony's Market, and CTA stop.; Spacious 3 bedroom, 2 bath condo with abundant natural light.; Kitchen features 42" cabinetry, granite countertops, stainless steel appliances, and breakfast island.
