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

Quick Search

Select Search Area

Selected Areas (10)
Listing Types

Property Features

4 Flat 2946 Lincoln Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60657

Built In: 1923

Lot Size: A

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 SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D,H
  • Tenant Pays Unit 2B,C,D,H
  • Tenant Pays Unit 3B,C,D,H
  • Tenant Pays Unit 4B,C,D,H
  • Appliances Unit 1A,B,C,D,I
  • Appliances Unit 2A,B,C,D,E,I
  • Appliances Unit 3A,B,C,D,E,I
  • Appliances Unit 4A,B,C,D,E,I
  • 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 $1,836,727
This 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 $1,694,786
This 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
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,650$6,894
Year Total$91,800$82,728
Net Operating Income$49,696$40,624
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $16939 $46904 $63843 $5321
Total         $16,939 $46,904 $63,843   $-14,147 $16,939 $2,792
Stabilized         $16,939 $46,904 $63,843   $-23,219 $16,939 $-6,280
Custom         $16939 $46904 $63843   $-23219 $16939 $-6280

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

Explore Nearby Neighborhoods

Humboldt ParkNearby Neighborhoods X Plus Real Estate

Humboldt Park

AvondaleNearby Neighborhoods X Plus Real Estate


Portage ParkNearby Neighborhoods X Plus Real Estate

Portage Park

Listing Agent: Beth Allen-Tiernan
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
565 W. Arlington Pl 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.