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4 Flat 2451 Marshfield Lincoln Park Chicago IL Mu

City: CHICAGO ZIP: 60614

Built In: 1876

Lot Size: L

Lot Dimensions: 25X125

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1675

Unit 2 Floor 1: 1 bedrooms 1 baths $1650

Unit 3 Floor 2: 2 bedrooms 2 baths $1925

Unit 4 Floor 2: 2 bedrooms 1 baths $2300

Detailed Listing Description

4 flat on a corner lot in Lincoln Park. 3 duplexes and a simplex. Large decks- two and a half car garage. top floor duplex unit can be converted to a three bedroom/2 bath and is vacant ready to rehab. The first floor duplex has just been rehabbed and rented in Dec. Incredible opportunity to significantly increase income and add value with top floor duplex.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C,E
  • Tenant Pays Unit 4J
Appliances
  • Appliances Unit 1A,B,E,F,I,M
  • Appliances Unit 2A,B,E,F,J
  • Appliances Unit 3A,B,E,F,I,M
  • Appliances Unit 4A,B,J,S
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 28% more than other 4 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 33% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $90,600 Monthly $7,550
Rental Income Stabilized : Annual $98,544 Monthly $8,212
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,049,0004$262,2506.24%11.580.78%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,550$8,212
Year Total$90,600$98,544
Expense
Total$25,159$25,159
Net Operating Income$65,441$73,385
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $12693 $35145 $47838 $3987
Total         $12,693 $35,145 $47,838   $17,603 $12,693 $30,296
Stabilized         $12,693 $35,145 $47,838   $25,547 $12,693 $38,240
Custom         $12693 $35145 $47838   $25547 $12693 $38240




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1786,7503,9871,0372,9501,0372,9503,987
2785,7133,9871,0412,9462,0775,8977,974
3784,6733,9871,0442,9433,1228,83911,961
4783,6283,9871,0482,9394,17011,77815,948
5782,5803,9871,0522,9355,22214,71319,935
6781,5283,9871,0562,9316,27917,64323,922
7780,4713,9871,0602,9277,33920,57027,909
8779,4113,9871,0642,9238,40323,49331,896
9778,3473,9871,0682,9199,47126,41235,883
10777,2793,9871,0722,91510,54429,32639,870
11776,2063,9871,0762,91111,62032,23743,857
12775,1303,9871,0802,90712,70035,14447,844
13774,0503,9871,0842,90313,78438,04751,831

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Listing Agent: Hillary Levy
Listing Office: Baird & Warner
4444 N MANOR AVE Chicago

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