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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 $1,464,000
This 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 $1,560,429
This 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
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,5003$266,5006.30%11.100.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,000$5,526
Year Total$72,000$66,312
Expense
Total$21,597$21,597
Net Operating Income$50,403$44,715
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9674 $26786 $36460 $3039
Total         $9,674 $26,786 $36,460   $13,943 $9,674 $23,617
Stabilized         $9,674 $26,786 $36,460   $8,255 $9,674 $17,929
Custom         $9674 $26786 $36460   $8255 $9674 $17929




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,6253,0397902,2497902,2493,039
2598,8353,0397932,2461,5844,4946,078
3598,0413,0397962,2432,3806,7379,117
4597,2453,0397992,2403,1798,97712,156
5596,4463,0398022,2373,98211,21315,195
6595,6433,0398052,2344,78713,44718,234
7594,8383,0398082,2315,59515,67821,273
8594,0303,0398112,2286,40717,90524,312
9593,2183,0398142,2257,22120,13027,351
10592,4043,0398172,2228,03922,35130,390
11591,5863,0398212,2188,85924,57033,429
12590,7663,0398242,2159,68326,78536,468
13589,9423,0398272,21210,51028,99739,507

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Listing Agent: Mario Greco
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
540 N. Paulina Chicago

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