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4 Flat 2451 Marshfield Chi Lincoln Park Chicago

City: CHICAGO ZIP: 60614

Built In: 1876

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X125

Lot Description: Corner,

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1775

Unit 2 Floor 1: 1 bedrooms 1 baths $1650

Unit 3 Floor 2: 2 bedrooms 2 baths $1875

Unit 4 Floor 2: 1 bedrooms 1 baths $2300

Gross Income $68,160

Net Op. Income $48,625

Detailed Listing Description

Legal 4 flat on a corner lot in Lincoln Park. 3 duplexes and a simplex. Large decks- two and a half car garage. top floor duplex unit can be converted to a three bedroom/2 bath. Incredible value add opportunity

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2.5
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
  • Tenant Pays Unit 3Electric, Gas, Parking,
  • Tenant Pays Unit 4None,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Wood,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Wood,
  • Appliances Unit 4Stove, Refrigerator, Window Air Conditioner, Hardwood Floors,
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 25% 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 30% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $91,200 Monthly $7,600
Rental Income Stabilized : Annual $95,700 Monthly $7,975
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,095,0004$273,7505.43%12.010.73%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,600$7,975
Year Total$91,200$95,700
Expense
Total$31,689$31,689
Net Operating Income$59,511$64,011
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $13249 $36686 $49935 $4162
Total         $13,249 $36,686 $49,935   $9,576 $13,249 $22,825
Stabilized         $13,249 $36,686 $49,935   $14,076 $13,249 $27,325
Custom         $13249 $36686 $49935   $14076 $13249 $27325




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1821,2504,1621,0823,0801,0823,0804,162
2820,1684,1621,0863,0762,1696,1558,324
3819,0814,1621,0903,0723,2599,22712,486
4817,9914,1621,0953,0674,35412,29416,648
5816,8964,1621,0993,0635,45215,35820,810
6815,7984,1621,1033,0596,55518,41724,972
7814,6954,1621,1073,0557,66221,47229,134
8813,5884,1621,1113,0518,77324,52333,296
9812,4774,1621,1153,0479,88827,57037,458
10811,3624,1621,1193,04311,00830,61241,620
11810,2424,1621,1243,03812,13133,65145,782
12809,1194,1621,1283,03413,25936,68549,944
13807,9914,1621,1323,03014,39139,71554,106

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Listing Agent: Hillary Levy
Listing Office: Baird & Warner
4444 N MANOR AVE Chicago

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