Endless opportunities in the heart of Lincoln Park with 860-862 W Lill Ave. Enjoy a 5.5 cap rate in this 8-unit condo deconversion opportunity or start from scratch and develop this double lot (50x125) in a prime location for new construction. Zoned RT-4, this condo association consists of 8 -1 bedroom condos (7 tenants/1 owner occupied generating $134,700 in gross yearly rent). All units have central heat and in-unit washer/dryers. Almost all units sport hardwood floors and dishwasher and most have seen recent updates. The residents share 6 exterior parking spaces on first come, first serve basis. Currently a self managed HOA, the association can be dissolved through the sale of the property allowing investors and developers to use their imagination. Financials are available upon request. Min 48hr notice. Only showing 2 units on 1st showings.