5506 Lincoln Ave
Morton Grove, IL 60053
2 bd 2 ba 1,200 sqft Built 1973 condos
Most recent sale
$195,000
Jul 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 26, 2025 | Listed | $314,900 | MRED |
| Jul 1, 2022 | Sold | $195,000 | MLS #11405007 |
| May 16, 2022 | Listed | $195,000 | MLS #11405007 |
| Sep 27, 2017 | Sold | $95,000 | MLS #09704540 |
| Sep 17, 2017 | Relisted | $109,500 | MLS #09704540 |
| Sep 10, 2017 | Listing removed | $109,500 | MRED |
| Aug 28, 2017 | Relisted | $109,500 | MLS #09704540 |
| Aug 27, 2017 | Listing removed | $109,500 | MRED |
| Jul 28, 2017 | Listing removed | $122,900 | MRED |
| Jul 28, 2017 | Listed | $109,500 | MLS #09704540 |
| Jun 15, 2017 | Price changed | $122,900 | MLS #09576814 |
| Apr 26, 2017 | Price changed | $134,500 | MLS #09576814 |
| Mar 27, 2017 | Listed | $139,900 | MLS #09576814 |
| Jan 4, 2000 | Sold | $131,000 | Public Record |
| Jan 7, 1994 | Sold | $93,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $13,882 | $1,202 | $15,084 | $4,356 |
| 2022 | $13,882 | $1,202 | $15,084 | $4,151 |
| 2021 | $11,662 | $740 | $12,402 | $3,977 |
| 2020 | $11,662 | $740 | $12,402 | $3,872 |
| 2019 | $13,150 | $740 | $13,890 | $3,889 |
| 2018 | $8,227 | $670 | $8,897 | $2,807 |
| 2017 | $8,227 | $670 | $8,897 | $1,755 |
| 2016 | $8,227 | $670 | $8,897 | $1,918 |
| 2015 | $6,734 | $578 | $7,312 | $1,511 |
| 2014 | $6,734 | $578 | $7,312 | $1,527 |
| 2013 | $6,734 | $578 | $7,312 | $1,473 |
| 2012 | $12,309 | $693 | $13,002 | $2,994 |
| 2011 | $12,309 | $693 | $13,002 | $2,979 |
| 2010 | $12,309 | $693 | $13,002 | $2,970 |
| 2009 | $14,926 | $1,064 | $15,990 | $2,735 |
| 2008 | $16,469 | $1,702 | $18,171 | $2,454 |
| 2007 | $16,469 | $1,702 | $18,171 | $2,352 |
| 2006 | $13,833 | $1,554 | $15,387 | $2,489 |
Property facts
Year built
1973
Property type
condos
Stories
5
Beds
2
Baths
2
Living area
1,200 sqft
Lot size
—
ZIP code
60053
City
Morton Grove
Street
Lincoln Ave
Coordinates
42.03525, -87.76554
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
$2,160
Gross rental yield
13.29%
Implied cap rate
8.64%
Trend-extrapolated value
—
Frequently asked questions
When did 5506 Lincoln Ave last sell?
5506 Lincoln Ave most recently sold on Jul 1, 2022 for $195,000.
What is the current tax assessment for 5506 Lincoln Ave?
The most recent total assessment for 5506 Lincoln Ave (year 2023) is $15,084 with $4,356 in property tax.
How does 5506 Lincoln Ave's assessment compare to its last sale price?
The current assessment is 92.3% below the last sale price of $195,000.
When was 5506 Lincoln Ave built?
5506 Lincoln Ave was built in 1973.
How does 5506 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 5506 Lincoln Ave?
5506 Lincoln Ave is a 2 bed, 2 bath, 1,200 sqft condos.
Is 5506 Lincoln Ave a flip candidate?
No — 5506 Lincoln Ave does not appear in our flips dataset.
Is 5506 Lincoln Ave a tax-appeal candidate?
No — 5506 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