5501 Lincoln Ave
Morton Grove, IL 60053
2 bd 2 ba 1,535 sqft Built 1978 condos
Most recent sale
$265,000
Feb 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 29, 2022 | Listing removed | $264,888 | MRED |
| Feb 10, 2022 | Sold | $265,000 | Public Record |
| Jan 26, 2022 | Sold | $265,000 | MLS #11278157 |
| Nov 30, 2021 | Listed | $265,000 | MLS #11278157 |
| Jul 22, 2004 | Sold | $220,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $15,816 | $1,720 | $17,536 | $5,065 |
| 2022 | $15,816 | $1,720 | $17,536 | $3,884 |
| 2021 | $13,485 | $1,058 | $14,543 | $3,596 |
| 2020 | $13,485 | $1,058 | $14,543 | $3,572 |
| 2019 | $15,194 | $1,058 | $16,252 | $3,590 |
| 2018 | $8,924 | $959 | $9,883 | $2,034 |
| 2017 | $8,924 | $959 | $9,883 | $2,068 |
| 2016 | $8,924 | $959 | $9,883 | $2,961 |
| 2015 | $8,091 | $827 | $8,918 | $2,873 |
| 2014 | $8,091 | $827 | $8,918 | $2,870 |
| 2013 | $8,091 | $827 | $8,918 | $2,805 |
| 2012 | $16,598 | $992 | $17,590 | $5,012 |
| 2011 | $16,598 | $992 | $17,590 | $4,771 |
| 2010 | $16,598 | $992 | $17,590 | $4,671 |
| 2009 | $18,634 | $1,522 | $20,156 | $4,915 |
| 2008 | $20,470 | $2,435 | $22,905 | $4,739 |
| 2007 | $20,470 | $2,435 | $22,905 | $4,640 |
| 2006 | $18,335 | $2,223 | $20,558 | $4,492 |
Property facts
Year built
1978
Property type
condos
Stories
5
Beds
2
Baths
2
Living area
1,535 sqft
Lot size
—
ZIP code
60053
City
Morton Grove
Street
Lincoln Ave
Coordinates
42.03423, -87.76527
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,763
Gross rental yield
12.51%
Implied cap rate
8.13%
Trend-extrapolated value
—
Frequently asked questions
When did 5501 Lincoln Ave last sell?
5501 Lincoln Ave most recently sold on Feb 10, 2022 for $265,000.
What is the current tax assessment for 5501 Lincoln Ave?
The most recent total assessment for 5501 Lincoln Ave (year 2023) is $17,536 with $5,065 in property tax.
How does 5501 Lincoln Ave's assessment compare to its last sale price?
The current assessment is 93.4% below the last sale price of $265,000.
When was 5501 Lincoln Ave built?
5501 Lincoln Ave was built in 1978.
How does 5501 Lincoln Ave compare to others on Lincoln Ave?
We track 8 other properties on Lincoln Ave. Browse the list under "Other properties on Lincoln Ave" to compare beds, baths, and sale history.
What are the property facts for 5501 Lincoln Ave?
5501 Lincoln Ave is a 2 bed, 2 bath, 1,535 sqft condos.
Is 5501 Lincoln Ave a flip candidate?
No — 5501 Lincoln Ave does not appear in our flips dataset.
Is 5501 Lincoln Ave a tax-appeal candidate?
No — 5501 Lincoln Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.2%
Implied 1-yr
+20.9%
2026 Q3
$681.5K
2026 Q4
$708K
ZIP 60053 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lincoln Ave