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4 Flat 2220 Geneva Chi Lincoln Park Chicago IL

City: CHICAGO ZIP: 60614

Built In: 1890

Lot Size: Less Than .25 Acre

Lot Dimensions: 25 X 75 X 27 X 65

Lot Description: Irregular,

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 2 baths $2595

Unit 2 Floor 2: 1 bedrooms 1 baths $1525

Unit 3 Floor 3: 3 bedrooms 2 baths $2700

Unit 4 Floor 4: 1 bedrooms 1 baths $1100

Gross Income $95,040

Net Op. Income $83,675

Detailed Listing Description

Presenting a beautiful Legal 4-flat nestled on treelined Geneva Street in East Lincoln Park! The building is fully occupied with long term tenants, great investment opportunity! There are 4 units: one duplex and three simplex units. Units offer hardwood floors, newer kitchens & baths, radiator heat, window a/c units, Traco high-end commercial windows and in unit laundry in 2 of the 4 units. Additional laundry is available in the lower level. Please note the property is situated on an irregular lot with no room for a garage. Located just moments to shopping and dining on Armitage & Halsted, CTA, Oz Park, Lake Shore Drive.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric,
  • Tenant Pays Unit 2Electric,
  • Tenant Pays Unit 3Electric,
  • Tenant Pays Unit 4Electric,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner, Hardwood Floors,
  • Appliances Unit 4Stove, Refrigerator, Microwave, Window Air Conditioner, Hardwood Floors,
Schools
  • Grade SchoolLINCOLN ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolLINCOLN 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 27% 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 31% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $95,040 Monthly $7,920
Rental Income Stabilized : Annual $128,976 Monthly $10,748
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,075,0004$268,7504.80%11.311.00%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,920$10,748
Year Total$95,040$128,976
Expense
Total$43,390$43,390
Net Operating Income$51,650$85,586
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $13007 $36016 $49023 $4086
Total         $13,007 $36,016 $49,023   $2,627 $13,007 $15,634
Stabilized         $13,007 $36,016 $49,023   $36,563 $13,007 $49,570
Custom         $13007 $36016 $49023   $36563 $13007 $49570




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1806,2504,0861,0633,0231,0633,0234,086
2805,1874,0861,0673,0192,1296,0438,172
3804,1214,0861,0713,0153,2009,05812,258
4803,0504,0861,0753,0114,27412,07016,344
5801,9764,0861,0793,0075,35315,07720,430
6800,8974,0861,0833,0036,43518,08124,516
7799,8154,0861,0872,9997,52221,08028,602
8798,7284,0861,0912,9958,61324,07532,688
9797,6374,0861,0952,9919,70827,06636,774
10796,5424,0861,0992,98710,80730,05340,860
11795,4434,0861,1032,98311,91033,03644,946
12794,3404,0861,1072,97913,01736,01549,032
13793,2334,0861,1112,97514,12838,99053,118

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Listing Agent: Leigh Marcus
Listing Office: @properties
3330 N Hamilton Chicago

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