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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 $1,836,727
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
$1,400,0004$350,0004.15%15.250.49%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,650$6,894
Year Total$91,800$82,728
Expense
Total$33,704$33,704
Net Operating Income$58,096$49,024
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $16939 $46904 $63843 $5321
Total         $16,939 $46,904 $63,843   $-5,747 $16,939 $11,192
Stabilized         $16,939 $46,904 $63,843   $-14,819 $16,939 $2,120
Custom         $16939 $46904 $63843   $-14819 $16939 $2120




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,050,0005,3211,3843,9381,3843,9385,321
21,048,6175,3211,3893,9322,7727,87010,642
31,047,2285,3211,3943,9274,16611,79715,963
41,045,8345,3211,3993,9225,56515,71921,284
51,044,4355,3211,4043,9176,97019,63526,605
61,043,0305,3211,4103,9118,37923,54731,926
71,041,6215,3211,4153,9069,79427,45337,247
81,040,2065,3211,4203,90111,21431,35442,568
91,038,7865,3211,4263,89512,64035,24947,889
101,037,3605,3211,4313,89014,07139,13953,210
111,035,9295,3211,4363,88515,50743,02458,531
121,034,4935,3211,4423,87916,94946,90363,852
131,033,0515,3211,4473,87418,39650,77769,173

Explore Nearby Neighborhoods

West TownNearby Neighborhoods X Plus Real Estate

West Town

LakeviewNearby Neighborhoods X Plus Real Estate

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Logan SquareNearby Neighborhoods X Plus Real Estate

Logan Square

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

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