Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









3 Flat 1960 Lincoln Chi Lincoln Park Chicago IL

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: Less Than .25 Acre

Lot Dimensions: 20 X 104 X 20 X 84

Lot Description: Landscaped Professionally,

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $2050

Unit 2 Floor 2: 2 bedrooms 1 baths $1900

Unit 3 Floor 3: 2 bedrooms 1 baths $2300

Gross Income $75,000

Net Op. Income $68,329

Detailed Listing Description

INVEST NOW! -- THIS UPDATED AND METICULOUSLY MAINTAINED TURNKEY BRICK 3-FLAT WITH OUTSTANDING INCOME IN OLD TOWN SHINES WITH PRIDE OF OWNERSHIP! ALL BRIGHT 2BR/1BA UNITS FEATURE NEUTRAL DECOR WITH ORIGINAL VINTAGE WOOD BURNING FIREPLACES & HAVE NEW 2016 KITCHENS W/GRANITE COUNTERS, HDWD CABINETS, SS APPLS, NEW 2016 BATHROOMS WITH DELUXE FIXTURES, REFINISHED HARDWOOD FLOORS, RE-CARPETED BEDROOMS AND GAS FORCED HEAT/CENTRAL A/C. THE TOP FLOOR UNIT HAS EXTRA HIGH CEILINGS WITH A SKYLIGHT IN THE LIVING ROOM AND IN UNIT LAUNDRY. TENANTS PAY UTILITIES AND ARE ON TIME OR EARLY WITH RENT PMTS. 2012 TEAR OFF ROOF. ALL BUILDING WINDOWS HAVE BEEN REPLACED. ALSO NEW THIS YEAR IS THE REAR PORCH AND STAIR STRUCTURE THAT PROVIDES CONVENIENT ACCESS TO A COZY COMMON PATIO & FENCED PRIVATE GARDEN. THE FULL, DRY BASEMENT OFFERS COMMON LAUNDRY, TENANT AND OWNER STORAGE, AND MECHANICALS. IDEALLY LOCATED AN EASY WALK TO CTA TRAIN & BUSES, SHOPPING/RESTAURANTS/ENTERTAINMENT, LINCOLN PARK & THE LAKE AND MORE!

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • 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, Dishwasher, Central Air Conditioner, Fireplace-Wood, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Wood, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Fireplace-Wood, Laundry Hook-Up, Hardwood Floors, Skylights/Windows, Walk-In Closet,
Schools
  • Grade SchoolLINCOLN ELEMENTARY SCHOOL
  • Grade School District299
  • 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 31% 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 36% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $75,000 Monthly $6,250
Rental Income Stabilized : Annual $72,900 Monthly $6,075
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$959,0003$319,6675.18%12.790.63%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,250$6,075
Year Total$75,000$72,900
Expense
Total$25,345$25,345
Net Operating Income$49,655$47,555
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11604 $32129 $43733 $3645
Total         $11,604 $32,129 $43,733   $5,922 $11,604 $17,526
Stabilized         $11,604 $32,129 $43,733   $3,822 $11,604 $15,426
Custom         $11604 $32129 $43733   $3822 $11604 $15426




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1719,2503,6459482,6979482,6973,645
2718,3023,6459512,6941,8995,3917,290
3717,3513,6459552,6902,8548,08110,935
4716,3963,6459592,6863,81310,76714,580
5715,4373,6459622,6834,77513,45018,225
6714,4753,6459662,6795,74016,13021,870
7713,5103,6459692,6766,71018,80525,515
8712,5403,6459732,6727,68321,47729,160
9711,5673,6459772,6688,65924,14632,805
10710,5913,6459802,6659,64026,81036,450
11709,6103,6459842,66110,62429,47140,095
12708,6263,6459882,65711,61132,12943,740
13707,6393,6459912,65412,60334,78247,385

Explore Nearby Neighborhoods

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

LakeviewNearby Neighborhoods X Plus Real Estate

Lakeview

Albany ParkNearby Neighborhoods X Plus Real Estate

Albany Park

Listing Agent: Brent J. Rosenbower
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
550 W Surf Street Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.