Lincoln Terrace

5501 Lincoln Avenue, Morton Grove, IL, 60053

Description

Lincoln Terrace stands at 5501 Lincoln Avenue in Morton Grove. This mid-rise building has 5 stories and contains 32 units. Built in 1978, the structure offers a range of unit sizes from 1,550 to 1,650 square feet. The building has one and two-bedroom options that appeal to many buyers. Prices for the units generally range from $270,000 to $315,000. The average sold price in the last year was about $270,000. Those looking to invest can find an average price per square foot of around $174. It shows that the building has maintained a balanced market presence. The average days on market for units is around 142. This gives buyers some time to think about their options. The longer market time can also indicate a healthy inventory for motivated buyers. It allows for thoughtful decision-making in a competitive market. Nearby, residents can find an array of amenities like a park and health club. An exercise room and sauna add to the appeal of living here. Other features include an intercom and laundry facilities for convenience. This building offers a community feel with shared spaces ideal for socializing. Living at Lincoln Terrace allows easy access to local businesses. Dining options like Yummy Yummy are a short walk away. Nearby stores, such as 7-Eleven, take care of grocery needs. Families appreciate the proximity to Delta Communication as a public school. These features contribute to a lively neighborhood atmosphere.