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3 Flat 1946 Sheffield Chi Lincoln Park Chicago
Price: $975,000
MLS #: 10136336
Status: Active
3 Flat 1946 Sheffield Chi Lincoln Park Chicago
City: CHICAGO ZIP: 60614
Built In: 1881
Lot Size: Less Than .25 Acre
Lot Dimensions: 24X100
# of Units: 3
Unit 1 Floor 1: 4 bedrooms 2 baths $2900
Unit 2 Floor 2: 3 bedrooms 1 baths $1900
Unit 3 Floor 3: 3 bedrooms 1 baths $1750
Gross Income $81,000
Detailed Listing Description
HEART OF LINCOLN PARK!! ARMCHAIR INVESTMENT, HUGE BRICK 3 FLAT OFFERING SPACIOUS UNITS WITH HARDWOOD FLOORS,HIGH CEILINGS, IN-UNIT WASHER/DRYERS, CENTRAL AIR AND PRIVATE REAR DECKS. 1ST FLOOR IS A 4BR, 2BATH DUPLEX DOWN. 2ND & 3RD FL UNITS ARE TANDUM 3-BDRMS. EASY RENTAL AREA JUST STEPS FROM DEPAUL UNIVERSITY,OSCAR MEYER SCHOOL DISTRICT, NIGHTLIFE, RESTAURANTS AND TONS OF SHOPPING.
Additional Property Details
Garage & Parking
- ParkingSpace/s,
- Number of Parking Spaces2
- Parking on SiteYes
- Parking OwnershipOwned
- Parking Fee/Lease Amount0
Utilities
- Tenant Pays Unit 1Electric, Gas, Heat,
- Tenant Pays Unit 2Electric, Gas, Heat,
- Tenant Pays Unit 3Electric, Gas, Heat,
Appliances
- Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher,
- Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher,
- Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher,
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 $1,464,000This listing is 30% 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 $1,560,429This listing is 35% more than other 3 unit listings in this neighborhood.
Calculated Rents
Rental Income : Annual $78,600 Monthly $6,550
Rental Income Stabilized : Annual $88,872 Monthly $7,406
| Month | Balance | Payment | Principal | Interest | Equity | Total Interest | Total Payments |
|---|---|---|---|---|---|---|---|
| 1 | 731,250 | 3,706 | 964 | 2,742 | 964 | 2,742 | 3,706 |
| 2 | 730,286 | 3,706 | 967 | 2,739 | 1,931 | 5,481 | 7,412 |
| 3 | 729,319 | 3,706 | 971 | 2,735 | 2,902 | 8,216 | 11,118 |
| 4 | 728,348 | 3,706 | 975 | 2,731 | 3,877 | 10,947 | 14,824 |
| 5 | 727,373 | 3,706 | 978 | 2,728 | 4,855 | 13,675 | 18,530 |
| 6 | 726,395 | 3,706 | 982 | 2,724 | 5,837 | 16,399 | 22,236 |
| 7 | 725,413 | 3,706 | 986 | 2,720 | 6,823 | 19,119 | 25,942 |
| 8 | 724,427 | 3,706 | 989 | 2,717 | 7,812 | 21,836 | 29,648 |
| 9 | 723,438 | 3,706 | 993 | 2,713 | 8,806 | 24,548 | 33,354 |
| 10 | 722,444 | 3,706 | 997 | 2,709 | 9,802 | 27,258 | 37,060 |
| 11 | 721,448 | 3,706 | 1,001 | 2,705 | 10,803 | 29,963 | 40,766 |
| 12 | 720,447 | 3,706 | 1,004 | 2,702 | 11,807 | 32,665 | 44,472 |
| 13 | 719,443 | 3,706 | 1,008 | 2,698 | 12,815 | 35,363 | 48,178 |
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Listing Office: Atlas Realty Group, Inc.
CHICAGO
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