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4 Flat 2529 Wayne Chi Lincoln Park Chicago IL M

City: CHICAGO ZIP: 60614

Built In: 1891

Lot Size: Standard Chicago Lot

Lot Dimensions: 25 X 125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 1: 2 bedrooms 1 baths $0

Unit 3 Floor 2: 2 bedrooms 1 baths $0

Unit 4 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Location! Location! Amazing opportunity in this great Lincoln Park development on a beautiful tree-lined street. RT-4 zoning on 25 X 125 lot with alley access in rear. Units are in good shape but could use to be updated to maximize rent amounts. Currently four 2 bedrooms units and a 1 bedroom garden unit and a 2-car detached garage. Nestled on a quiet street, enjoy access to nearby cafes, bars, gyms, El train and DePaul University. Home being SOLD IN AS IS CONDITION. **** Currently 3 tenants in the building, on a month to month lease and can be out in 30 days****

Additional Property Details

Garage & Parking
  • 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, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Tenant Pays Unit 4Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator,
  • Appliances Unit 4Stove, Refrigerator,
Schools
  • Grade SchoolOSCAR MAYER ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolOSCAR MAYER ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLINCOLN PARK HIGH SCHOOL
  • 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 33% more than other 4 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 38% more than other 4 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $76,550 Monthly $6,379
Rental Income Stabilized : Annual $95,688 Monthly $7,974
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$975,0004$243,7504.97%12.740.82%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,379$7,974
Year Total$76,550$95,688
Expense
Total$28,120$28,120
Net Operating Income$48,430$67,568
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11797 $32665 $44462 $3706
Total         $11,797 $32,665 $44,462   $3,968 $11,797 $15,765
Stabilized         $11,797 $32,665 $44,462   $23,106 $11,797 $34,903
Custom         $11797 $32665 $44462   $23106 $11797 $34903




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1731,2503,7069642,7429642,7423,706
2730,2863,7069672,7391,9315,4817,412
3729,3193,7069712,7352,9028,21611,118
4728,3483,7069752,7313,87710,94714,824
5727,3733,7069782,7284,85513,67518,530
6726,3953,7069822,7245,83716,39922,236
7725,4133,7069862,7206,82319,11925,942
8724,4273,7069892,7177,81221,83629,648
9723,4383,7069932,7138,80624,54833,354
10722,4443,7069972,7099,80227,25837,060
11721,4483,7061,0012,70510,80329,96340,766
12720,4473,7061,0042,70211,80732,66544,472
13719,4433,7061,0082,69812,81535,36348,178

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Listing Agent: Christine Kaczmarski
Listing Office: CRIS REALTY
925 Lake Rd New Lenox

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