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  3. Morton Grove, IL
  4. /
  5. Lotus
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Lotus

5500 Lincoln Avenue, Morton Grove, IL, 60053

YEAR BUILT

1977

# STORIES

4

# TOTAL UNITS

86

UNIT SIZE RANGE

1,450-1,550 sqft

Description

The Lotus building is situated at 5500 Lincoln Avenue in Morton Grove. This mid-rise structure has 4 stories and includes 86 units. Constructed in 1977, the building offers units with 1 or 2 bedrooms. The sizes range from 1,450 to 1,550 square feet, providing spacious living options. Pricing for the units is varied, with prices typically between $235,000 and $240,000. The average closed price over the last year stood at $222,500. This results in an average price per square foot of around $207. Selling times have averaged about 92 days, allowing buyers enough time to make decisions. Amenities in the building enhance the living experience. An elevator provides easy access to all floors. There's also a bike room and party room for residents to enjoy. The presence of service elevators adds convenience for moving larger items. Nearby, residents can find Yummy Yummy for dining needs and a 7-Eleven for groceries. Delta Communication serves as the local school in the area. These options make day-to-day tasks easier for residents living at Lotus. The location is accessible, with a sense of community in the neighborhood. Proximity to roads offers straightforward travel around town. Access to local businesses and services contributes to a friendly living environment. Living here combines comfort and convenience.

Building ImageMLS ID #12289306
Building ImageMLS ID #12159662
Building Image
Building ImageView Listing

Lotus

5500 Lincoln Avenue, Morton Grove, IL, 60053

YEAR BUILT

1977

# STORIES

4

# TOTAL UNITS

86

UNIT SIZE RANGE

1,450-1,550 sqft

Description

The Lotus building is situated at 5500 Lincoln Avenue in Morton Grove. This mid-rise structure has 4 stories and includes 86 units. Constructed in 1977, the building offers units with 1 or 2 bedrooms. The sizes range from 1,450 to 1,550 square feet, providing spacious living options. Pricing for the units is varied, with prices typically between $235,000 and $240,000. The average closed price over the last year stood at $222,500. This results in an average price per square foot of around $207. Selling times have averaged about 92 days, allowing buyers enough time to make decisions. Amenities in the building enhance the living experience. An elevator provides easy access to all floors. There's also a bike room and party room for residents to enjoy. The presence of service elevators adds convenience for moving larger items. Nearby, residents can find Yummy Yummy for dining needs and a 7-Eleven for groceries. Delta Communication serves as the local school in the area. These options make day-to-day tasks easier for residents living at Lotus. The location is accessible, with a sense of community in the neighborhood. Proximity to roads offers straightforward travel around town. Access to local businesses and services contributes to a friendly living environment. Living here combines comfort and convenience.

Next

Description

The Lotus building is situated at 5500 Lincoln Avenue in Morton Grove. This mid-rise structure has 4 stories and includes 86 units. Constructed in 1977, the building offers units with 1 or 2 bedrooms. The sizes range from 1,450 to 1,550 square feet, providing spacious living options. Pricing for the units is varied, with prices typically between $235,000 and $240,000. The average closed price over the last year stood at $222,500. This results in an average price per square foot of around $207. Selling times have averaged about 92 days, allowing buyers enough time to make decisions. Amenities in the building enhance the living experience. An elevator provides easy access to all floors. There's also a bike room and party room for residents to enjoy. The presence of service elevators adds convenience for moving larger items. Nearby, residents can find Yummy Yummy for dining needs and a 7-Eleven for groceries. Delta Communication serves as the local school in the area. These options make day-to-day tasks easier for residents living at Lotus. The location is accessible, with a sense of community in the neighborhood. Proximity to roads offers straightforward travel around town. Access to local businesses and services contributes to a friendly living environment. Living here combines comfort and convenience.

Lotus Market Stats Last 12 months

Avg. Listed Price$208,333($218/Sqft.)

Avg. Sale Price$222,500($207/Sqft.)
Year over year list priceUp Arrow15.80%

Year over year sale priceUp Arrow 28.93%
Total Listings3 Listed

Total sold2 Sold
Average Days on Market92 days

Average HOA fees per sqft$3 /monthly
Next

Market Stats

Year over year list priceUp Arrow15.80%

Year over year sale priceUp Arrow28.93%
Total Listings3 Listed

Total sold2 Sold
Average Days on Market92 days

Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

-
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

-
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Lotus Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 300W300W108022422025-03-27
MLS#: 12289306
Closed$235,000
Unit 510-E510-E-22612024-07-10
MLS#: 12052828
Closed$227,500
Unit 310E310E120022522023-06-23
MLS#: 11772776
Closed$240,000
Unit 300W
300W

2 Beds

2 Baths

1080 sqft


DateStatusPrice
2025-03-27Closed$235,000
MLS#: 12289306
Days On Market42
Unit 310E
310E

2 Beds

2 Baths

1200 sqft


DateStatusPrice
2023-06-23Closed$240,000
MLS#: 11772776
Days On Market52
Unit 510-E
510-E

2 Beds

2 Baths

0 sqft


DateStatusPrice
2024-07-10Closed$227,500
MLS#: 12052828
Days On Market61
View Complete Unit Listing HistorySource By: MRED

Amenities

Life at Lotus isn’t just about the units; it’s about the community too! Enjoy a robust list of amenities, including a bike room and scenic bike trails, perfect for those who love the outdoors. A party room is also available, ensuring you have a fun space to celebrate special moments with friends and family. Your comfort and convenience are at the forefront here!

Next

Amenities Description

Life at Lotus isn’t just about the units; it’s about the community too! Enjoy a robust list of amenities, including a bike room and scenic bike trails, perfect for those who love the outdoors. A party room is also available, ensuring you have a fun space to celebrate special moments with friends and family. Your comfort and convenience are at the forefront here!

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Policies

Living at Lotus also comes with the added peace of mind that no strict policies will disrupt your lifestyle. With a relaxed atmosphere, you can truly embrace condo living without navigating complicated rules.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Lotus$207/sqft.$3 /sqft.
5500 Lincoln Ave$207/sqft.$3 /sqft.
5506 N Lincoln Avenue$203/sqft.$4 /sqft.
5506 N Lincoln Ave Unit 415$234/sqft.$3 /sqft.
Lincoln Terrace$174/sqft.$4 /sqft.
5501 N Lincoln$191/sqft.$4 /sqft.

Nearby Schools

Discover top-rated schools located close to Lotus.

Thomas Edison Elementary School

C+
Public|Grades 3–5
8200 Gross Point R...|0.47 miles away

McC Academy

--
Private|Grades PK–10
8601 Menard Ave|0.48 miles away

Julia S Molloy Education Center

--
Public|Grades PK–12
8701 Menard Ave|0.58 miles away

Madison Elementary School

--
Public|Grades PK–2
5100 Madison St|0.67 miles away

Niles West High School

A
Public|Grades 9–12
5701 Oakton St|1.04 miles away

Jerusalem Evangelical Lutheran School

--
Private|Grades PK–8
6218 Capulina Ave|1.24 miles away
Next

Schools

Thomas Edison Elementary School

C+
Public|Grades 3–5
8200 Gross Point R...|Less than 1 Mile Away

McC Academy

--
Private|Grades PK–10
8601 Menard Ave|Less than 1 Mile Away

Julia S Molloy Education Center

--
Public|Grades PK–12
8701 Menard Ave|Less than 1 Mile Away

Madison Elementary School

--
Public|Grades PK–2
5100 Madison St|Less than 1 Mile Away

Niles West High School

A
Public|Grades 9–12
5701 Oakton St|1.04 Miles Away

Jerusalem Evangelical Lutheran School

--
Private|Grades PK–8
6218 Capulina Ave|1.24 Miles Away

Lincoln Jr High School

C+
Public|Grades 6–8
7839 Lincoln Ave|1.25 Miles Away

Jane Stenson School

A
Public|Grades KG–5
9201 Lockwood Ave|1.34 Miles Away

Niles Central

--
Public|Grades 9–12
7700 Gross Point R...|1.40 Miles Away

Park View Elementary School

A-
Public|Grades PK–8
6200 Lake St|1.47 Miles Away

Old Orchard Jr High School

B
Public|Grades 6–8
9310 Kenton Ave|2.10 Miles Away

Devonshire Elementary School

B
Public|Grades KG–5
9040 Kostner Ave|2.10 Miles Away

Elizabeth Meyer School

--
Public|Grades PK–KG
8100 Tripp Ave|2.18 Miles Away

Fasman Yeshiva High School

--
Private|Grades 9–12
7135 Carpenter Rd|2.27 Miles Away

Hillel Torah North Suburban Day School

--
Private|Grades PK–8
7120 Laramie Ave|2.31 Miles Away

Bridges Adult Transition Center

--
Public|Grades 9–12
4700 W Chase Ave|2.37 Miles Away

Fairview South Elementary School

A-
Public|Grades KG–8
7040 Laramie Ave|2.38 Miles Away

Montessori School of Skokie

--
Private|Grades PK–5
8401 Karlov Ave|2.41 Miles Away

Niles North High School

B
Public|Grades 9–12
9800 Lawler Ave|2.42 Miles Away

Clarence E Culver School

B
Public|Grades PK–8
6901 W Oakton St|2.54 Miles Away

Mosaic Early Childhood Academy

--
Private|Grades PK–KG
4023 Gemtester|2.55 Miles Away

Logos Christian Academy

--
Private|Grades PK–12
7280 N Caldwell Av...|2.64 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

8200 N Niles Center

0.93 miles away|18 min walk

Austin Station

0.94 miles away|19 min walk

Bronx & Dempster

1.13 miles away|22 min walk

Bronx & Grove

1.31 miles away|26 min walk

Bronx & Davis

1.43 miles away|28 min walk

Central Ave & Howard St

1.51 miles away|29 min walk
Next

Transit

8200 N Niles Center

0.93 miles away|18 min walk

Austin Station

0.94 miles away|19 min walk

Bronx & Dempster

1.13 miles away|22 min walk

Bronx & Grove

1.31 miles away|26 min walk

Bronx & Davis

1.43 miles away|28 min walk

Central Ave & Howard St

1.51 miles away|29 min walk

Church St & Skokie Blvd

1.74 miles away|34 min walk

Church St & Keating Ave

1.77 miles away|34 min walk

Church St & Kilpatrick Ave

1.84 miles away|36 min walk

Central Ave & Jarvis Ave

1.84 miles away|36 min walk

Church St & Knox Ave

1.92 miles away|37 min walk

Church St & Niles Center Rd

1.95 miles away|38 min walk

Church St & Kenton Ave/Niles Center Rd

1.96 miles away|38 min walk

Church St & Kolmar Ave

2.03 miles away|39 min walk

Church St & Kilbourn Ave

2.1 miles away|41 min walk

Carpenter/Touhy

2.14 miles away|41 min walk

Church St & Kenneth Ave

2.17 miles away|42 min walk

5405 W Touhy Ave

2.17 miles away|42 min walk

5740 W Touhy Ave

2.19 miles away|42 min walk

5727 W Touhy Ave

2.19 miles away|43 min walk

Church St & Kostner Ave

2.24 miles away|43 min walk

Cicero & Sherwin

2.25 miles away|44 min walk

Carpenter/Traffic Signal/Village Crossing

2.3 miles away|45 min walk

Church St & Lowell Ave

2.31 miles away|45 min walk

Caldwell/Howard

2.37 miles away|46 min walk

Cicero & Jarlath

2.38 miles away|46 min walk

Church St & Kildare Ave

2.38 miles away|46 min walk

Carpenter/Fairview

2.41 miles away|47 min walk

Church St & Tripp Ave

2.45 miles away|48 min walk

Cicero & Touhy

2.47 miles away|48 min walk

Carpenter/Lunt

2.48 miles away|48 min walk

Church St & Keeler Ave

2.53 miles away|49 min walk

Crawford Ave & Lee St

2.54 miles away|49 min walk

5420 W Old Orchard Rd

2.55 miles away|49 min walk

Crawford Ave & Greenleaf St

2.55 miles away|49 min walk

Caldwell/Jarvis

2.56 miles away|50 min walk

Crawford Ave & Cleveland St

2.58 miles away|50 min walk

Crawford Ave & Crain St

2.58 miles away|50 min walk

Church St & Kedvale Ave

2.6 miles away|50 min walk

Crawford Ave & Keeney St

2.61 miles away|51 min walk

Cicero & Estes

2.61 miles away|51 min walk

Crawford Ave & Dempster St

2.61 miles away|51 min walk

Crawford Ave & Enfield Ave

2.63 miles away|51 min walk

Crawford Ave & Greenwood St

2.65 miles away|51 min walk

4545 W Touhy Ave

2.65 miles away|51 min walk

Civic Center/Municipal Bldg/Post Office

2.66 miles away|52 min walk

Central/Morse

2.67 miles away|52 min walk

Church St & Karlov Ave

2.68 miles away|52 min walk

Caldwell/Gross Point

2.68 miles away|52 min walk

Caldwell/Touhy

2.69 miles away|52 min walk

The Neighbourhood: Lotus

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Lotus Demographics

Age Demographics

0–14 Years

17.08%

15–29 Years

17.58%

30–44 Years

18.1%

45–59 Years

20.12%

60+ Years

27.12%

Commute

5.91%

Transit

3.34%

Walk

80.3%

Drive

0.69%

Bike

Housing Ownership

65.07%

Owner Occupied

34.93%

Rental Units

Household Types

Single Family
26.95%
Multi Family
14.78%
Single Person
28.92%
Multi Person
71.08%

Average Income

Household:$8,032,868.45 /yr

Individual:$3,624,178.35 /yr

Education

Bachelors Degree28.99%
High School College21.36%
Diploma5.87%
Post Graduate17.27%
Others26.52%
Next

Education

Diploma5.87%
Post Graduate17.27%
Others26.52%
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  2. /Morton Grove, IL
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    Lotus
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