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3 Flat 2744 Southport Lincoln Park Chicago IL Mu

City: CHICAGO ZIP: 60614

Built In: 2017

Lot Size: L

Lot Dimensions: 24.7X123

Lot Description: E

# of Units: 3

Unit 1 Floor 1: 4 bedrooms 2 baths $4750

Unit 2 Floor 2: 2 bedrooms 2 baths $3400

Unit 3 Floor 3: 2 bedrooms 2 baths $4000

Gross Income $14,700

Detailed Listing Description

AAA Elegant New Construction 3-flat prime Lincoln Park location-Full brick masonry building with 3-car garage. Interior finishes featuring Oversized Transitional Cabinets, Quartz Countertops,Full backsplash, Under Cabinet Lighting, Subzero/Wolf, Gas Ventless Fireplace's 8' interior doors,Crown Molding, Stained Oak Hardwood , surround sound speaker prewire, Nest thermostats, master baths w/ steam/rain shower, custom bedroom closets thruout UNIT #1 - 4 Bedroom/2.1 Bath with all bedrooms at Lower Level for Optimal Livability, wine cooler in kitchen, Hot Water Radiant Heated Lower Level, Terrace & Garage Roof Deck. UNIT #2 - 2 Bedroom/2 Bath front terrace & rear Deck. UNIT #3- Penthouse 2 Bedroom/2 Bath w/ Interior Stair to bonus room & Full Private Rooftop Deck. Terrace & Rear Deck + FULL Rooftop Deck. Building built 2017, With full Specifications, floor plans and site plans. 10 min walk to brown line. 13 month HWA Building warranty included. Please see agent remarks before scheduling

Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces3
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D,E
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,L,N,P,Q,S,U
  • Appliances Unit 2A,B,C,D,E,F,G,I,L,N,P,Q,S,U
  • Appliances Unit 3A,B,C,D,E,F,G,I,L,N,P,Q,S,U
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 34% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $145,800 Monthly $12,150
Rental Income Stabilized : Annual $122,016 Monthly $10,168
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,995,0003$665,0005.49%13.680.51%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$12,150$10,168
Year Total$145,800$122,016
Expense
Total$36,253$36,253
Net Operating Income$109,547$85,763
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $24138 $66838 $90976 $7582
Total         $24,138 $66,838 $90,976   $18,571 $24,138 $42,709
Stabilized         $24,138 $66,838 $90,976   $-5,213 $24,138 $18,925
Custom         $24138 $66838 $90976   $-5213 $24138 $18925




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,496,2507,5821,9715,6111,9715,6117,582
21,494,2797,5821,9785,6043,95011,21415,164
31,492,3007,5821,9865,5965,93516,81122,746
41,490,3157,5821,9935,5897,92922,39930,328
51,488,3217,5822,0015,5819,93027,98037,910
61,486,3207,5822,0085,57411,93833,55445,492
71,484,3127,5822,0165,56613,95439,12053,074
81,482,2967,5822,0235,55915,97744,67960,656
91,480,2737,5822,0315,55118,00850,23068,238
101,478,2427,5822,0395,54320,04755,77375,820
111,476,2037,5822,0465,53622,09361,30983,402
121,474,1577,5822,0545,52824,14766,83790,984
131,472,1037,5822,0625,52026,20872,35898,566

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Listing Agent: Karen Biazar
Listing Office: North Clybourn Group, Inc.
3105 W. Palmer #3 Chicago

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