394 W Lincoln Highway Chicago Heights, IL ^$ 575,000

394 W Lincoln Highway

^$ 575,000

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394 W Lincoln Highway

Chicago Heights, IL, 60411

^$ 575,000

Bedrooms7 Baths0.0 Sq 5,305

Monthly Estimate*

^$ 3,587

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Multi-Family Home for sale in Chicago Heights, IL

for $575,000 with 7 bedrooms. This 5,305 square foot home was built in 1926 on a lot size of 0.378972.

Newly rehabbed 5 unit building with extremely strong rents! Boasting an 8.43% cap rate providing 10.09% cash on cash return, this is a strong turnkey investment. This building has been turned over and updated over the last year with new/refinished flooring through most of the apartments, fresh paint, new or freshened up cabinets, several updated bathrooms, several updated countertops, and exterior updates/repairs. Plenty of parking and large floorplans make this an easy to rent building.

Multi-Family Active

Price

^$ 575,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 15,107

Style

Multi-Family

Lot Size

0.378972

Year Built

1926

Town/City

Chicago Heights

County/Region

Cook

MLS | Web ID

12508697

Features

General

Cooling Window Unit(s)

Zoning COMMR

Construction Materials Brick

Year Built 1926

Electric Service - 0 to 100 Amps

Tenant Pays Electricity

Stories Count 2

Township Bloom

Tax Year 2023

Current Use Multi-Family

Gross Income 89292

County Cook

Net Operating Income 48469

Operating Expense 36358

Insurance Expense 7600

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 2500

Status Active

Directions South on Lincoln Highway West of Ashland Ave

City Chicago Heights

Number Of Units Total 5

MLS Area Chicago Heights

Lot Size Square Feet 16508

Tax Annual Amount 15107

Electric Expense 35

Fuel Expense 3600

Trash Expense 816

Water Sewer Expense 2625

Additional Parcels Y/N Y

Standard Status Active

Cap Rate 8.43

Interior

Basement Finished

Total Fireplaces 2

Exterior

Building Area Total 5305

Lot Dimensions 118X128

* Excluded Features

List By

Exp Realty

Broker

michael.scanlon@exprealty.com

Affordability Calculator

$4,846

Per Month

Monthly Principal & Interest: $3,587
Monthly Property Taxes: $1,259
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago Heights, IL

Average List Price ^$202,155

Percent of Sale Price 65%

About Chicago Heights, IL

28,555 Population

-13% Since 2002

^$41,092 Median Income

33.84 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/31/2025	$575,000		Listed Price

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394 W Lincoln Highway, Chicago Heights, IL, 60411 is a Multi-Family Home for sale at $575,000 with 5,305 sqft and a lot size of 0.378972. 394 W Lincoln Highway has 7 bedrooms, 0.0 baths, and was built in 1926. The property's zip code is 60411 which is in Chicago Heights, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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 Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/19/2025.

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394 W Lincoln Highway

Multi-Family Home for sale in Chicago Heights, IL

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