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2 Flat 336 Armitage Chi Lincoln Park Chicago IL

City: CHICAGO ZIP: 60614

Built In: 1875

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X77

# of Units: 2

Unit 1 Floor 3: 3 bedrooms 3 baths $0

Unit 2 Floor 1: 2 bedrooms 2 baths $0

Detailed Listing Description

Unique Opportunity to live in high quality residential space above your business in an ideal Lincoln Park location. Zoned B3-2, Community Shopping District. Possibility with City approval to expand the lower level similar to the business next door at 338 W Armitage. Like all neighboring businesses along Armitage Avenue, signage is permitted following the City's rules and regulations. Live above your business in a wonderfully historic, yet fully remodeled living space, awesome outside spaces include entrance courtyard, expanded Juliet balcony in kitchen facing quiet Orleans St and a roof-top deck - plus it has an attached 1-car garage. Fabulous potential for a unique Lincoln Park living experience!

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeAttached,
  • Number of Gargage Spaces1
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2None,
Appliances
  • Appliances Unit 1Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Fireplace-Wood, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors, Skylights/Windows, Cooktop, Oven/Built-in,
  • Appliances Unit 2Central Air Conditioner, Fireplace-Wood, Hardwood Floors,
Schools
  • Grade SchoolLINCOLN ELEMENTARY SCHOOL
  • Grade School District156
  • Jr High/Middle School District156
  • 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 109% more than other 2 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 124% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $27,658 Monthly $2,305
Rental Income Stabilized : Annual $34,572 Monthly $2,881
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,695,0002$847,500-0.76%61.290.17%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,305$2,881
Year Total$27,658$34,572
Expense
Total$40,605$40,605
Net Operating Income$-12,947$-6,033
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $20509 $56787 $77296 $6442
Total         $20,509 $56,787 $77,296   $-90,243 $20,509 $-69,734
Stabilized         $20,509 $56,787 $77,296   $-83,329 $20,509 $-62,820
Custom         $20509 $56787 $77296   $-83329 $20509 $-62820




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,271,2506,4421,6754,7671,6754,7676,442
21,269,5756,4421,6814,7613,3569,52812,884
31,267,8946,4421,6874,7555,04314,28319,326
41,266,2076,4421,6944,7486,73719,03125,768
51,264,5136,4421,7004,7428,43723,77332,210
61,262,8136,4421,7064,73610,14428,50838,652
71,261,1066,4421,7134,72911,85633,23845,094
81,259,3946,4421,7194,72313,57637,96051,536
91,257,6746,4421,7264,71615,30142,67757,978
101,255,9496,4421,7324,71017,03447,38664,420
111,254,2166,4421,7394,70318,77252,09070,862
121,252,4786,4421,7454,69720,51756,78777,304
131,250,7336,4421,7524,69022,26961,47783,746

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Listing Agent: Joanne Nemerovski
Listing Office: Compass
440 W. Grant Place Chicago

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