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3 Flat 2509 Halsted Chi Lincoln Park Chicago IL

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X125.75

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $1400

Unit 2 Floor 2: 1 bedrooms 1 baths $1750

Unit 3 Floor 3: 2 bedrooms 1 baths $2200

Detailed Listing Description

CHARMING VICTORIAN 2 UNIT + IN LAW RECENTLY REMODELED WITH A NICE BACK YARD, IMPECCABLE LANDSCAPING AND A 2 CAR GARAGE. THE HOUSE STILL HAS SOME ORIGINAL VINTAGE FEATURES SUCH AS AN ORNATE METAL SLIDING FIREPLACE SCREEN, CEILING MEDALLIONS, HARDWOOD FLOORS AND BULLSEYE MOULDING. THE LOCATION IS OUTSTANDING SITUATED IN THE HEART OF A VERY DESIRABLE COMMUNITY. IT IS CLOSE TO TRANSPORTATION, UPSCALE SHOPPING, TRENDY RESTAURANTS, THEATER AND ALL THAT LINCOLN PARK HAS TO OFFER. PERFECT FOR A LIVE IN OWNER, BUT ALSO A GREAT INVESTMENT PROPERTY AND AN IDEAL 1031 EXCHANGE! (ZONED B1-2)

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Parking,
  • Tenant Pays Unit 2Electric, Gas, Parking,
  • Tenant Pays Unit 3Electric, Gas, Parking,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Disposal, Window Air Conditioner, Fireplace-Wood, Garage/Space, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Window Air Conditioner, Fireplace-Wood,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60614

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,397,655 to $1,464,000
This listing is 32% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lincoln Park

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,494,179 to $1,560,429
This listing is 36% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $64,200 Monthly $5,350
Rental Income Stabilized : Annual $65,244 Monthly $5,437
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$950,0003$316,6673.95%14.800.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,350$5,437
Year Total$64,200$65,244
Expense
Total$26,721$26,721
Net Operating Income$37,479$38,523
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11495 $31828 $43323 $3611
Total         $11,495 $31,828 $43,323   $-5,844 $11,495 $5,651
Stabilized         $11,495 $31,828 $43,323   $-4,800 $11,495 $6,695
Custom         $11495 $31828 $43323   $-4800 $11495 $6695




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1712,5003,6119392,6729392,6723,611
2711,5613,6119432,6681,8825,3407,222
3710,6183,6119462,6652,8288,00510,833
4709,6723,6119502,6613,77810,66614,444
5708,7223,6119532,6584,73113,32418,055
6707,7693,6119572,6545,68815,97821,666
7706,8123,6119602,6516,64818,62925,277
8705,8523,6119642,6477,61221,27628,888
9704,8883,6119682,6438,58023,91932,499
10703,9203,6119712,6409,55126,55936,110
11702,9493,6119752,63610,52629,19539,721
12701,9743,6119792,63211,50531,82743,332
13700,9953,6119822,62912,48734,45646,943

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Listing Agent: Judi Weintraub
Listing Office: @properties
600 N. Fairbanks Ct., #1409 Chicago

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