5501 Lincoln Avenue 404, Morton Grove, IL 60053
Lincoln Terrace · Cook County
Key Facts
Description
This one of a kind, beautifully renovated fourth floor corner unit is one of the largest in the building, wrapped in south & east sunlight all day long. At nearly 1,500 square feet, it lives more like a house than a condo. The layout was thoughtfully redesigned by the current owners to open the kitchen to the living & dining space with a breakfast bar, kitchen nook & built-in bench storage, that make this space as functional as it is stylish. The sleek kitchen showcases quartz countertops & stainless-steel appliances, with newer flooring flowing throughout. Step outside onto the wood-floored balcony, accessible from both the kitchen & living room & you have a private outdoor retreat perfect for morning coffee or unwinding after work. Both bedrooms are oversized & the two updated baths include one with tub & one with standing shower, as well as bidets. The primary suite has not one, but two walk-in closets, an LED-mirror makeup area & morning light streaming from the east window. The extras here aren't afterthoughts: an exercise room, indoor garage parking & ample exterior parking for you & guests, storage on the same floor & a card-operated laundry. The building itself is well-maintained with a secured entrance, elevator, updated modern lobby, & a private courtyard in the back. For commuters, Bus #210 stops directly in front of the building. The Morton Grove Metra station, Skokie Swift Yellow Line & I-94 are just minutes away, offering you city access without city noise, just waiting for you to move in.
Property Information
Property Type
Residential
Sub-Type
Condominium
Stories
5
Living Area
1,500 sq ft
Lot Dimensions
Common
Garage Spaces
1
Parking Spaces
2
Ownership
Condo
Days on Market
45
MLS® Listing#
12659264
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Parking
Laundry
Construction
Sewer
Water Source
Rooms
- 6X9Main
- 9X4Main
- 5X4Main
- 21X5Main
- Bedroom 211X17Main
- Bedroom 3
- Bedroom 4
- Dining Room13X17Main
- Family Room
- Kitchen9X17Main
- Laundry
- Living Room18X13Main
- Master Bedroom12X20Main
Financial Details
HOA
$450 / Monthly
Annual Taxes
$4,450
Tax year 2024
Parcel Number
10211300201026
Directions
From 94, exit Dempster East to Gross Point Road, South to Lincoln Ave., West to 5501.
Affordability Calculator
$63,700
Estimated monthly payment
$1,695/mo
Principal $254,800 · Est. interest $355,469 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Morton Grove, IL
- $474,534
- Median Listing Price
- 26
- Median Days on Market
- 1,953
- Median Sq Ft
- $242
- Median Price / Sq Ft
- 506
- Active Listings
- This home’s price is 33% below the area median.
- Its price per sq ft is 12% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Morton Grove, IL.
Location
Points of Interest in Morton Grove, IL
Showing the Morton Grove area map.
Nearby Schools
United Open Bible Missions
Elementary · 0.2 mi away
Thomas Edison Elementary School
Elementary · 0.3 mi away
Skokie School District 69
School · 0.3 mi away
MCC Academy
School · 0.4 mi away
Julia S Molloy Education Center
School · 0.5 mi away
Niles Township District-Special Education
School · 0.5 mi away
Madison Elementary School
Elementary · 0.6 mi away
Skokie School District Administrative Office
School · 0.6 mi away
St Peter Elementary School
Elementary · 0.7 mi away
Niles West High School
Secondary · 0.7 mi away
St Paul Lutheran Academy
School · 0.8 mi away
British Infant School
Elementary · 0.8 mi away
St Martha Elementary School
Elementary · 0.8 mi away
Ombudsman Educational Services
Elementary · 0.9 mi away
Lincoln Junior High School
Secondary · 0.9 mi away
Jerusalem Lutheran School
Elementary · 0.9 mi away
Niles Township High School District 219
Secondary · 1.0 mi away
Niles Central
Secondary · 1.0 mi away
Jane Stenson School
Elementary · 1.0 mi away
Arie Crown Hebrew Day School
School · 1.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 508 Pembroke Road SW, Poplar Grove, IL | $224,900 | 3 | 2 | 1,440 |
| 309 Landmeier Road, Elk Grove Village, IL | $225,000 | 3 | 1 | 1,323 |
| 106 Bruce Street, Villa Grove, IL | $225,000 | 4 | 3 | 1,948 |
| 8025 Woodglen Lane 403, Downers Grove, IL | $225,000 | 2 | 2 | 1,011 |
| 4946 Douglas Road 202, Downers Grove, IL | $225,000 | 1 | 1 | 900 |
| 5500 Lincoln Avenue 504W, Morton Grove, IL | $229,000 | 2 | 1 | 855 |
Moving Cost Estimate
EXIT Agents in Morton Grove
Listing Courtesy: Coldwell Banker Realty - 8477245800
Last Updated: 2026-06-04