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3 Flat 2025 Fremont Chi Lincoln Park Chicago IL

City: CHICAGO ZIP: 60614

Built In: 1895

Lot Size: Standard Chicago Lot

Lot Dimensions: 24X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 2 baths $2250

Unit 2 Floor 2: 2 bedrooms 1 baths $2050

Unit 3 Floor 3: 2 bedrooms 1 baths $2200

Detailed Listing Description

Amazing price for this fully rented three unit building on one of Lincoln Park's best blocks! Fabulous turnkey investment opportunity (all three units rented until May of 2019) or single family home conversion. The first unit offers two bedrooms and two full baths with a large living space with built-in desk area. Second floor has two bedrooms, one bath, and a large kitchen with adjacent dining space. Top floor has two bedrooms plus a den or office, one bath, and an eat-in kitchen. All three have spacious back decks plus a common backyard. Basement has plenty of space for storage and common laundry for the building. Two car garage. Perfect location near Halsted/Armitage, DePaul, and Oscar Mayer School!

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,
  • Tenant Pays Unit 2Electric, Gas, Parking,
  • Tenant Pays Unit 3Electric, Gas, Parking,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Central Air Conditioner, Garage/Space, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Central Air Conditioner, Garage/Space, Hardwood Floors,
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 7% 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 0% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $78,000 Monthly $6,500
Rental Income Stabilized : Annual $83,100 Monthly $6,925
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,490,0003$496,6673.05%19.100.46%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,500$6,925
Year Total$78,000$83,100
Expense
Total$32,587$32,587
Net Operating Income$45,413$50,513
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18028 $49919 $67947 $5663
Total         $18,028 $49,919 $67,947   $-22,534 $18,028 $-4,506
Stabilized         $18,028 $49,919 $67,947   $-17,434 $18,028 $594
Custom         $18028 $49919 $67947   $-17434 $18028 $594




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,117,5005,6631,4724,1911,4724,1915,663
21,116,0285,6631,4784,1852,9508,37611,326
31,114,5505,6631,4834,1804,43412,55516,989
41,113,0665,6631,4894,1745,92316,72922,652
51,111,5775,6631,4954,1687,41720,89828,315
61,110,0835,6631,5004,1638,91725,06133,978
71,108,5835,6631,5064,15710,42329,21839,641
81,107,0775,6631,5114,15211,93533,36945,304
91,105,5655,6631,5174,14613,45237,51550,967
101,104,0485,6631,5234,14014,97541,65556,630
111,102,5255,6631,5294,13416,50345,79062,293
121,100,9975,6631,5344,12918,03849,91867,956
131,099,4625,6631,5404,12319,57854,04173,619

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Listing Agent: Emily Sachs Wong
Listing Office: @properties
2246 N Burling Chicago

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