2541 N 50th Street, Lincoln, NE 68504

$835,000 Asking Price

23 beds
6 baths
12,922  sqft
Built in 1920

Opportunities like this don't come along every day. We present to you a rare-to-find and wonderfully maintained 3-story sorority house. Rich in tradition with direct access to the beautiful Nebraska Wesleyan campus. The original house was built in the 1920's with building permits pulled in 1942, 1952 & 1960 to add onto this stately property. Boasting 12,922 sf of finish which includes a commercial kitchen, 23 sleeping rooms, 6 bathrooms with 8 bathing areas and 16 parking stalls. Next step uses are numerable with Nebraska Wesleyan University directly out the front door. Zoned R-6 this location is prime for a multiplex conversion, single family mansion, private club, school, religious facility, Airbnb, Bed & Breakfast or possibly even a boutique hotel, restaurant or bar with mixed use. With updates like a 2010 interior sprinkler system, 2011 HVAC, 2017 first floor common area remodel, 2021 new roof and 2022 full exterior paint there's loads to appreciate.

Features & Amenities

Interior

General:
9'+ Ceiling
Master Bedroom:
None
Appliances:
Range - Cooktop + Oven, Refrigerator, Water Softener, Freezer, Washer, Dishwasher, Dryer, Disposal, Microwave
Basement:
Full, Partially Finished
Flooring:
Carpet, Ceramic Tile, Wood, Luxury Vinyl Plank
A/C:
true, Central Air, Window Unit(s)
Heating:
true, Electric, Heat Pump
Fireplace:
Fireplaces: 0

Exterior

Style:
Other
Parking:
No Garage, Parking spaces: 0

Construction

Roofing:
Composition
General:
Wood, Brick/Other, 2.5 Story, Block

Location

Road/Access:
Paved
Originating MLS:
Great Plains Regional MLS
School District:
Lincoln Public Schools
County:
Lancaster

Lot

Zoning:
Lot 1-3, Block 85, University Place, LLCN, 1717220009000
Fencing:
None

Utilities

Utilities:
Electricity Available, Natural Gas Available, Water Available, Sewer Available, Electricity on Property
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Great Plains Regional MLS
Ownership:
Fee Simple
Buyers Agent Compensation:
2.0%

This listing courtesy of:
HOME Real Estate, Daria Springer

About Lincoln, NE

Housing

Number of Units
128,367
Median Home Value
$208,495
Median Rent
$792

42.00% of housing units are renter occupied.

5.59% are vacant.

Commute

Car
75.61%
Public Transportation
0.93%
Walk to Work
2.85%
Work from Home
19.32%
Other
0.42%

The median travel time to work is 16 minutes.

People

Population
298,603
Median Age
35.30
Median Household Size
2.58

Education

High School
20.56%
Associate’s Degree
11.69%
Bachelor’s Degree
25.11%
Graduate Degree
15.58%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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