
5501 Lincoln Avenue 510, Morton Grove, IL 60053
Lincoln Terrace · Cook County
Key Facts
Description
Located in the heart of Morton Grove sought-after residential neighborhood, this freshly remodeled (May 2026) top floor penthouse 2 bed, 2 bath condo delivers the lifestyle today's buyers want-modern comfort, walkable convenience, and the energy of one of the suburbs hottest neighborhoods.The large 1500 square foot living space featuring a stylish kitchen with granite countertops, stainless steel appliances and large patio door exit out to the balcony. Step out onto your balcony and take in the breeze that only the top floor unit can offer. The spacious primary suite offers the kind of retreat every professional appreciates-generous closet space and a bathroom with double sinks and an extended two person separate shower. Additional features include assigned indoor garage parking (#24) as well as a second outdoor space, storage, and updates like, freshly painted, two remodeled bathrooms and kitchen. Easy access to public transportation, Metra, and expressways (94/294) takes 21 minutes to reach downtown area.
Property Information
Property Type
Residential
Sub-Type
Condominium
Year Built
1978
Stories
5
Living Area
1,500 sq ft
Lot Dimensions
COMMON
Garage Spaces
1
Parking Spaces
2
Ownership
Condo
Days on Market
7
MLS® Listing#
12665436
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Parking
Laundry
Construction
Foundation
Sewer
Rooms
- 7X6Main
- 23X5Main
- Bedroom 215X12Main
- Bedroom 3
- Bedroom 4
- Dining RoomCOMBOMain
- Family Room
- Kitchen17X10Main
- Laundry
- Living Room30X14Main
- Master Bedroom20X12Main
Schools
- Elementary:
- Park View Elementary School
- Middle:
- Park View Elementary School
- High:
- Niles West High School
- District:
- Niles West High School
Financial Details
HOA
$433 / Monthly
Annual Taxes
$569
Tax year 2023
Parcel Number
10211300201043
Directions
SOUTH TO LINCOLN AVE, WEST TO 5501 LINCOLN
Affordability Calculator
$65,000
Estimated monthly payment
$1,730/mo
Principal $260,000 · Est. interest $362,723 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Morton Grove, IL
- $474,675
- Median Listing Price
- 26
- Median Days on Market
- 1,956
- Median Sq Ft
- $238
- Median Price / Sq Ft
- 471
- Active Listings
- This home’s price is 32% below the area median.
- Its price per sq ft is 9% 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 |
|---|---|---|---|---|
| 5500 Lincoln Avenue 504W, Morton Grove, IL | $229,000 | 2 | 1 | 855 |
| 29194 Deer Valley Drive A, Deer Grove, IL | $229,900 | 2 | 3 | 1,585 |
| 2444 Elm Street, River Grove, IL | $235,000 | 2 | 1 | — |
| 7 Birch Lane, Villa Grove, IL | $239,000 | 4 | 3 | 2,785 |
| 225 Lake Boulevard 545, Buffalo Grove, IL | $239,999 | 2 | 1 | 800 |
| 207 Tamarack Hollow Street, POPLAR GROVE, IL | $244,900 | 3 | — | 2,053 |
Moving Cost Estimate
EXIT Agents in Morton Grove
Listing Courtesy: Advocate Realty - 6308600600
Last Updated: 2026-06-02

















