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4 Flat 2946 Lincoln Chi Lake View Chicago IL Mu
Price: $1,400,000
MLS #: 10146721
Status: Active
4 Flat 2946 Lincoln Chi Lake View Chicago IL Mu
City: CHICAGO ZIP: 60657
Built In: 1923
Lot Size: Less Than .25 Acre
Lot Dimensions: 24X112
# of Units: 4
Unit 1 Floor 1: 1 bedrooms 1 baths $1175
Unit 2 Floor 2: 3 bedrooms 1 baths $2400
Unit 3 Floor 3: 1 bedrooms 1 baths $2500
Unit 4 Floor 2: 0 bedrooms 1 baths $1575
Detailed Listing Description
ATTN Investors and Owner Occupied Investor; Fabulous 4 unit + commercial located in the sweet spot of Lake View. Features incl rare 3 br units and CH with parking, All units W/D, AC, Tenant paid utilities, and updated interiors. Solid building, long history of steady leases, strong income! High yield returns of $108,000 annual at 8%cap or live in owner at $78,000 6% cap. Walk to work or play; Wellington or Belmont 'L', Southport Corridor dining, and shopping.
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 1Electric, Gas, Heat, Water,
- Tenant Pays Unit 2Electric, Gas, Heat, Water,
- Tenant Pays Unit 3Electric, Gas, Heat, Water,
- Tenant Pays Unit 4Electric, Gas, Heat, Water,
Appliances
- Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Central Air Conditioner,
- Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner,
- Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner,
- Appliances Unit 4Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner,
Schools
- Grade School District299
- Jr High/Middle School District299
- High School District299
Comparative Data
Zip Code Comparison: 60657
Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727This listing is 24% more than other 4 unit listings in this zipcode.
Neighborhood Comparison:
CHI - Lake View
Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786This listing is 17% more than other 4 unit listings in this neighborhood.
Calculated Rents
Rental Income : Annual $91,800 Monthly $7,650
Rental Income Stabilized : Annual $82,728 Monthly $6,894
| Month | Balance | Payment | Principal | Interest | Equity | Total Interest | Total Payments |
|---|---|---|---|---|---|---|---|
| 1 | 1,050,000 | 5,321 | 1,384 | 3,938 | 1,384 | 3,938 | 5,321 |
| 2 | 1,048,617 | 5,321 | 1,389 | 3,932 | 2,772 | 7,870 | 10,642 |
| 3 | 1,047,228 | 5,321 | 1,394 | 3,927 | 4,166 | 11,797 | 15,963 |
| 4 | 1,045,834 | 5,321 | 1,399 | 3,922 | 5,565 | 15,719 | 21,284 |
| 5 | 1,044,435 | 5,321 | 1,404 | 3,917 | 6,970 | 19,635 | 26,605 |
| 6 | 1,043,030 | 5,321 | 1,410 | 3,911 | 8,379 | 23,547 | 31,926 |
| 7 | 1,041,621 | 5,321 | 1,415 | 3,906 | 9,794 | 27,453 | 37,247 |
| 8 | 1,040,206 | 5,321 | 1,420 | 3,901 | 11,214 | 31,354 | 42,568 |
| 9 | 1,038,786 | 5,321 | 1,426 | 3,895 | 12,640 | 35,249 | 47,889 |
| 10 | 1,037,360 | 5,321 | 1,431 | 3,890 | 14,071 | 39,139 | 53,210 |
| 11 | 1,035,929 | 5,321 | 1,436 | 3,885 | 15,507 | 43,024 | 58,531 |
| 12 | 1,034,493 | 5,321 | 1,442 | 3,879 | 16,949 | 46,903 | 63,852 |
| 13 | 1,033,051 | 5,321 | 1,447 | 3,874 | 18,396 | 50,777 | 69,173 |
Explore Nearby Neighborhoods
Irving Park
Lincoln Park
Lakeview
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
565 W. Arlington Pl Chicago
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