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2 Flat 2628 WILton Lincoln Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60614

Built In: 1889

Lot Size: Less Than .25 Acre

Lot Dimensions: 30X75

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $2550

Detailed Listing Description

Great legal 2 flat Brownstone in Lincoln Park Area. Longtime owner occupant. 1st floor & 2nd floor units both have living room with wood burning fireplace, dining room, large eat in kitchens, 3 bedrooms & full bath. (2nd floor unit has 2 full baths) Hardwood floors throughout the building. Some bedrooms have carpet. This solid Brownstone also has additional living in attic & full finished basement units. Updated Attic & Basement units both have living/dining room combo, kitchen, 2 bedrooms & full bath. New Furnace & H20 Heater for 1st Floor Unit (owner occupied) All units have separate utilities. Gas Forced Air & Central AC in all units.

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces2
  • Parking on SiteYes
  • Parking OwnershipN/A
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 48% more than other 2 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 58% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,600 Monthly $2,550
Rental Income Stabilized : Annual $70,092 Monthly $5,841
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,200,0002$600,0000.62%39.220.49%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,550$5,841
Year Total$30,600$70,092
Expense
Total$23,114$23,114
Net Operating Income$7,486$46,978
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14520 $40203 $54723 $4561
Total         $14,520 $40,203 $54,723   $-47,237 $14,520 $-32,717
Stabilized         $14,520 $40,203 $54,723   $-7,745 $14,520 $6,775
Custom         $14520 $40203 $54723   $-7745 $14520 $6775




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1900,0004,5611,1863,3751,1863,3754,561
2898,8144,5611,1903,3712,3766,7469,122
3897,6244,5611,1953,3663,57110,11213,683
4896,4294,5611,1993,3624,77113,47318,244
5895,2294,5611,2043,3575,97516,83022,805
6894,0254,5611,2083,3537,18320,18327,366
7892,8174,5611,2133,3488,39623,53131,927
8891,6044,5611,2173,3449,61326,87536,488
9890,3874,5611,2223,33910,83630,21341,049
10889,1644,5611,2273,33412,06233,54845,610
11887,9384,5611,2313,33013,29336,87850,171
12886,7074,5611,2363,32514,52940,20354,732
13885,4714,5611,2403,32115,77043,52359,293

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Listing Agent: Michael Padilla
Listing Office: Weichert, Realtors - All Pro
7414 w devon CHICAGO

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