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398 W Lincoln Hwy, Chicago Heights, IL, 60411

$65,000

Home List Price

$772*

Closing Credit

7 Bedrooms
5 Baths
House

Location

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398 W Lincoln Hwy, Chicago Heights$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
ParkingUnassigned, Visitor Parking
Garage2 spaces
Year Built1927
HeatingNone
MLS #12185906
StatusActive

About 398 W Lincoln Hwy

Cash Buyer Special: Fire-Damaged 2-4 Unit Mixed-Use Building This solid brick/frame mixed-use property is a rare gem for investors! With a new roof, new windows, fresh tuckpointing, and some framing already done, it's primed for a profitable redevelopment. The first floor offers potential versatile business space perfect for a variety of uses, including salon suites, daycare, retail Private boutiques, repair shop, insurance office, office space, or other commercial ventures. To sweeten the deal, city-approved architectural plans will be included with strong offers, giving you a head start on the rehab process. Don't miss this high-upside opportunity! Proof of funds required prior to viewing. Contact us today to schedule a viewing and seize this incredible investment! #InvestmentOpportunity #MixedUseBuilding #FireDamagedProperty #CashBuyers #RealEstateInvestor #OffMarketDeals #CommercialSpace #MultiUnitProperty #HighROI #FixAndFlip #ValueAddProperty #ChicagoRealEstate #InvestInRealEstate #RehabProperty #CommercialRealEstate #RealEstateDevelopment #SalonSuites #DaycareSpace #BrickFrameBuilding #ArchitecturalPlans #RealEstateInvestment

Property Details

Property Features

Property Information:

  • Year Built: 1927

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (888) 574-9405
  • Listing Agent: Gayvonne Giwa

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Unassigned, Visitor Parking

Lot Features

Lot Information:

  • Lot: Irregular Lot

Utilities

Utilities Information:

  • Heating: None

Other

Directions Information:

  • Directions: Lincoln Highway E/W to property address.

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000

Tax Information:

  • Annual Amount: $7,827
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago Heights, IL.

Med. Sold Price

$185K

Med. Price/SqFt

$134

Avg. Days On Market

26

# of Sold Homes

16

398 W Lincoln Hwy vs Chicago Heights

41 DAYS ON ROCKET

+15 Days

$65,000

-$120K Less

KEY TAKEAWAY

This property is $120K less than the Median Sold Price in Chicago Heights, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12185906

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (888) 574-9405
  • Listing Agent: Gayvonne Giwa

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:45:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 24, 2017Home Sold
$25,500

Tax History

YEARPROP. TAXASSESSMENT
2019$7,827$20,450
2018$8,939$20,450
2017$7,170$20,450

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-471255
4
/10
  • Wilson Elementary School

  • 422 W 16th Pl

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-471256
5
/10
  • Roosevelt Elementary School

  • 1345 Sunnyside Ave

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-471257
3
/10
  • Kennedy Elementary School

  • 1013 Division St

  • 0.53 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,429. Residents of Chicago Heights, IL typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 W Lincoln Hwy

What is the listing price of this property?

The listing price of 398 W Lincoln Hwy property is $65,000.

What type of property is this?

The property 398 W Lincoln Hwy is a house located in Chicago Heights, Illinois, 60411.

Is this property for sale now?

Active Listing: 398 W Lincoln Hwy is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $7,827 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 24, 2017 for $25,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 398 W Lincoln Hwy has 7 bedrooms and 5 bathrooms.

Which year was this property built?

The year of construction for 398 W Lincoln Hwy is 1927.

Rocket HomesIllinoisCook CountyChicago Heights60411398 W Lincoln Hwy

This home is located at 398 W Lincoln Hwy in Chicago Heights, IL and zip code 60411. This home was built in 1927. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $65,000.

While more than 8 listings in Chicago Heights, IL in October 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 3 were sold below. In October 2024 in Chicago Heights, IL there were 4.8% more homes for sale than in September 2024. In October 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $185,000.

From Rocket Homes Real Estate and based on county public records data.

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