(Original post date 01-2018)
Whether you’re looking to buy or sell a three-flat in Chicago, Lincoln Park is a good place to be. This timeless Chicago neighborhood has beautiful architecture, lakefront access, and some of the best shopping, dining, and local culture in the city.
Lincoln Park 3 flats
Lincoln Park 3 flats hit a sweet spot for investment potential: stable income from a competitive rental market and the ability to enjoy owner-occupancy in one of Chicago’s best neighborhoods.
Lincoln Park residents enjoy close proximity to Lake Michigan, Lincoln Park, and the zoo. Whether you’d rather spend the afternoon paddleboarding at the lake, shopping at upscale boutiques on Armitage, or enjoying a matinee at the renowned Steppenwolf Theatre, this area won’t disappoint! This neighborhood has top-rated local schools, fine dining, and upscale bars and event spaces, making it one of the best places to live in Chicago.
Lincoln Park is two miles north of downtown, and commuters can take either the red or brown line into other areas of the city or have quick access to Lake Shore Drive.
Why buy a 3 flat in Lincoln Park?
The 3-flat is a particularly smart investment choice for the Lincoln Park area that will only grow in value over time.
Renters in Lincoln Park are looking for the best of both worlds: access to lively events, bars, and restaurants along with the quieter residential areas of the neighborhood and proximity to the beautiful park and lakefront. Lincoln Park 3-flats typically offer prime location on tree-lined residential streets, large back porches, and communal backyard space.
The area’s stable rental market has incentivized owners to care meticulously for their properties throughout the years. Many buildings have updated units with contemporary features, and many have been owner-occupied and well-maintained.
Selling your Lincoln Park 3 flat
Buyers and investors across the city are recognizing the investment value of three-flats in popular Chicago neighborhoods, including Lincoln Park, Uptown, Logan Square, and more. We are seeing multiple, competing offers come in on Lincoln Park properties as buyers look for opportunities for owner occupancy and additional rental income.
Lincoln Park 3-flats are often a great opportunity for both the buyer and the seller, and we’re seeing high, consistent demand overtime for these timeless properties.
Thinking About Selling Your Lincoln Park Apartment Building?
We have buyers actively looking for multifamily properties in Lincoln Park, Chicago. If you are considering selling, we would love to chat with you and share more about our selling strategy, which includes:
- An accurate property valuation
- Property condition assessments and recommendations
- A seamless marketing strategy that doesn’t disrupt tenants
- Our years of experience in the Chicago multifamily real estate market
FYI - We are starting 2022 strong, we just sold this mixed-use property at 1701 N Clybourn ave.