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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 $1,464,000
This 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 $1,560,429
This 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
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$975,0003$325,0004.72%12.400.76%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,550$7,406
Year Total$78,600$88,872
Expense
Total$32,533$32,533
Net Operating Income$46,067$56,339
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   $1,605 $11,797 $13,402
Stabilized         $11,797 $32,665 $44,462   $11,877 $11,797 $23,674
Custom         $11797 $32665 $44462   $11877 $11797 $23674




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: Marko Karacic
Listing Office: Atlas Realty Group, Inc.
CHICAGO

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