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Seminary Properties and Management, Ltd.
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| 2BR/1.0BA | 2 bed | 1 bath | $1,850 /mo | 1 unit available | This beautiful two-bedroom apartment was recently renovated with a new bathroom and kitchen. The kitchen has granite counters, a dishwasher, a microwave, a stove, and an oven. The two bedrooms and living room have ceiling fans. Hardwood floors run throughout the apartment. The apartment has central heat and central air. The building is located in Lincoln Square, a short walk away from the Western Blue Line station as well as the Lincoln, Foster, and Western bus routes. Close proximity to restaurants, grocery stores, shops, and nightlife make this an appealing area of the city in which to live. Please read this important information before applying: This apartment lease will include a one-time, non-refundable Administration Fee of $300.00 per adult on the lease. Minors living at the apartment with their parents or guardians are exempt. If you are applying with a cosigner or cosigners, their Administration Fee will be $100.00 per cosigner instead of $300.00. When you apply, an Application Fee of $200.00 per person will be owed for every adult (“adult” meaning “a person who is 18 years of age or older, or a minor living without a guardian”) that is applying to live in the apartment. This Application Fee is comprised of a $150.00 down-payment that removes the apartment from the market while your application is being processed, and a $50.00, non-refundable Application Processing Fee. If you are not approved for the apartment, the $150 down-payment will be refunded to you; if you are approved, it will be applied towards the Administrative Fee, with the remainder due when you sign your lease. However, if you decide to cancel your application, you will forfeit the $150.00 down-payment. Application Processing Fee: $50.00 Per-Occupant, One-Time, Non-Refundable Administration Fee: $300.00 ($100.00 per cosigners) Total amount per occupant: $350.00 Application Fee: $200.00 per person Total amount due after approval, per occupant: $150.00 Application Processing Fee per cosigner: $50.00 Per-Cosigner, one-time, non-refundable Administration Fee: $100.00 Total amount per cosigner: $150.00* *Cosigner pays a $200.00 Application Fee; the extra $50.00 from the application fee beyond the cosigner’s cost will be applied in the form of a credit onto the apartment account. Other possible costs: Pet Fee: $150.00 per pet, per lease term (maximum three pets, no dogs) The apartment you are applying for will only be removed from the market once the $200.00 Application Fee is received from every adult and unaccompanied minor who is applying. Until that happens, the apartment will continue to be listed and other parties will be welcome to apply for it. Each Seminary Properties apartment has a maximum occupancy limit. This limit is a 1-person to-1 bedroom ratio which applies to all apartments except for studio and one-bedroom apartments, which have a limit of 2 legal adults. The occupancy limit does not apply toward minors living with their parent(s) or guardians but does apply toward minors who are living on their own. There is no security deposit associated with this apartment. Seminary Properties allows for most kinds of standard domestic pets (e.g., cats, caged-birds, fish), but dogs of any size, breed, or temperament are not permitted. A Pet Fee of $150.00 per pet will be owed when you sign your lease, and whenever you choose to renew your lease – i.e. roughly once a year. Both this apartment and the building are designated non-smoking. Seminary Pro.. |
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Apartment Amenities
| Air Conditioning | Ceiling Fan |
| Central Air | Central Heat |
| Granite Counters | Hardwood Floor |
| High Ceiling | High Ceilings |
| Hot Water | Sunny |
Appliances
| Dishwasher | Fridge/Freezer |
| Microwave | Oven |
| Range | Stove/Oven |
Building
| Onsite Laundry |
Services
| Trash & Sewer |
One-time.
| Units | 13 |
|---|
Located in in Lincoln Square. The building has laundry on the premises for resident. The property is located near restaurants, groceries, shops and nightlife. The building is near the Lincoln Ave, Foster Ave and Western Ave bus routes. The building is a short walk to the Western brown line station. 5118 North Lincoln Avenue has a Walk Score of 93 out of 100. This location is a Walker’s Paradise so daily errands do not require a car. This location is in the Ravenswood neighborhood in Chicago. Nearby parks include Gross Park, River Park and Winnemac Park.
How 5118 N Lincoln compares to other nearby properties.
Considerations
2-bedroom apartments at 5118 N Lincoln cost about 19% less than the average rent price for 2-bedroom apartments in Lincoln Square.
| Month | Median Rent |
|---|---|
| March 2024 | $1,985 |
| April 2024 | $1,745 |
| May 2024 | $1,751 |
| June 2024 | $1,764 |
| July 2024 | $1,931 |
| August 2024 | $1,691 |
| September 2024 | $1,682 |
| October 2024 | $1,630 |
| November 2024 | $1,568 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| February 2026 | $1,516 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,285 |
| April 2024 | $1,285 |
| May 2024 | $1,250 |
| June 2024 | $1,277 |
| July 2024 | $1,330 |
| August 2024 | $1,378 |
| September 2024 | $1,338 |
| October 2024 | $1,296 |
| November 2024 | $1,295 |
| December 2024 | $1,295 |
| January 2025 | $1,335 |
| February 2025 | $1,390 |
| March 2025 | $1,369 |
| April 2025 | $1,343 |
| May 2025 | $1,350 |
| June 2025 | $1,350 |
| July 2025 | $1,357 |
| August 2025 | $1,355 |
| September 2025 | $1,362 |
| October 2025 | $1,395 |
| November 2025 | $1,372 |
| December 2025 | $1,308 |
| January 2026 | $1,299 |
| February 2026 | $1,342 |
Can I afford to live at 5118 N Lincoln Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$74,000/yr
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