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3 Flat 2742 Ashland Lincoln Park Chicago IL Mu In
Price: $799,500
MLS #: 10148040
Status: Active
3 Flat 2742 Ashland Lincoln Park Chicago IL Mu In
City: CHICAGO ZIP: 60614
Built In: U
Lot Size: Standard Chicago Lot
Lot Dimensions: 27X100
Lot Description: Fenced Yard,
# of Units: 3
Unit 1 Floor G: 1 bedrooms 2 baths $1000
Unit 2 Floor 1: 3 bedrooms 1 baths $2400
Unit 3 Floor 2: 3 bedrooms 1 baths $2600
Gross Income $72,000
Net Op. Income $59,000
Detailed Listing Description
INCREDIBLE/RARE OPPORTUNITY TO OWN NEWLY RENOVATED (2018) BRICK 3-FLAT W/ LARGE 1 BED GARDEN APT (IDEAL FOR AIRBNB) IN LINCOLN PARK W/ CONDO QUALITY FINISHES T/O! KITCHENS: WHITE SHAKER CABINETRY, QUARTZ COUNTERTOPS AND STAINLESS STEEL APPLIANCES; BATHS: WHITE/STONE VANITIES W/ PORCELAIN TILE T/O; 1st FLOOR: 3 BED + PATIO 1 BATH APT W/ IN-UNIT W/D; 2nd FLOOR: 3 BED + OFFICE + BALCONY 1 BATH W/ IN-UNIT W/D; LARGE 1 BED GARDEN APT W/ TWO FULL BATHS AND KITCHENETTE COULD BE AN IDEAL AIRBNB/SHORT TERM RENTAL; COMMON PATIO SPACE IN THE BACKYARD AND 2-CAR EXTERIOR PARKING; RENTS ARE PROJECTED BASED ON MARKET VALUE
Additional Property Details
Garage & Parking
- ParkingSpace/s,
- Number of Parking Spaces2
- Parking on SiteYes
- Parking OwnershipOwned
- Parking Fee/Lease Amount0
Utilities
- Tenant Pays Unit 1Electric, Gas,
- Tenant Pays Unit 2Electric, Gas, Parking,
- Tenant Pays Unit 3Electric, Gas, Parking,
Appliances
- Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Walk-In Closet,
- Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors, Walk-In Closet,
- Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors, Walk-In Closet,
Schools
- Grade SchoolPRESCOTT 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 $1,464,000This listing is 43% 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 $1,560,429This listing is 46% more than other 3 unit listings in this neighborhood.
Calculated Rents
Rental Income : Annual $72,000 Monthly $6,000
Rental Income Stabilized : Annual $66,312 Monthly $5,526
| Month | Balance | Payment | Principal | Interest | Equity | Total Interest | Total Payments |
|---|---|---|---|---|---|---|---|
| 1 | 599,625 | 3,039 | 790 | 2,249 | 790 | 2,249 | 3,039 |
| 2 | 598,835 | 3,039 | 793 | 2,246 | 1,584 | 4,494 | 6,078 |
| 3 | 598,041 | 3,039 | 796 | 2,243 | 2,380 | 6,737 | 9,117 |
| 4 | 597,245 | 3,039 | 799 | 2,240 | 3,179 | 8,977 | 12,156 |
| 5 | 596,446 | 3,039 | 802 | 2,237 | 3,982 | 11,213 | 15,195 |
| 6 | 595,643 | 3,039 | 805 | 2,234 | 4,787 | 13,447 | 18,234 |
| 7 | 594,838 | 3,039 | 808 | 2,231 | 5,595 | 15,678 | 21,273 |
| 8 | 594,030 | 3,039 | 811 | 2,228 | 6,407 | 17,905 | 24,312 |
| 9 | 593,218 | 3,039 | 814 | 2,225 | 7,221 | 20,130 | 27,351 |
| 10 | 592,404 | 3,039 | 817 | 2,222 | 8,039 | 22,351 | 30,390 |
| 11 | 591,586 | 3,039 | 821 | 2,218 | 8,859 | 24,570 | 33,429 |
| 12 | 590,766 | 3,039 | 824 | 2,215 | 9,683 | 26,785 | 36,468 |
| 13 | 589,942 | 3,039 | 827 | 2,212 | 10,510 | 28,997 | 39,507 |
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