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3 Flat 1649 Wrightwood Lincoln Park Chicago IL Mu

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: A

Lot Dimensions: 25X150

# of Units: 3

Unit 1 Floor 1: 4 bedrooms 3 baths $5700

Unit 2 Floor 1: 1 bedrooms 1 baths $900

Unit 3 Floor 2: 1 bedrooms 1 baths $1300

Detailed Listing Description

Amazing investment in an unbeatable location. This remarkable opportunity produces a great return. Check out this beautiful single family on an oversized lot with a coach house. The home features a custom chef's kitchen with custom 42" cabinets, quartzite counters, double oven, wine cooler, walk-in pantry, and oversized island. Well-designed floor plan with 3 bedrooms on the upper level including the master suite which features cathedral ceilings, his & hers closets, & spa-like master bath with whirlpool tub & steam shower. The finished attic includes a bonus living area and separate storage room. The fully finished lower level is above grade & gets an abundant amount of natural light. Relax outside on the huge deck off of the kitchen or the private balcony off of the master. Enjoy the large backyard. Coach House includes 2 units and garage roof deck.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1A,B,C,D
  • Appliances Unit 2A,B
  • Appliances Unit 3A,B
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 32% 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 36% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $94,800 Monthly $7,900
Rental Income Stabilized : Annual $108,588 Monthly $9,049
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$949,9003$316,6336.79%10.020.95%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,900$9,049
Year Total$94,800$108,588
Expense
Total$30,285$30,285
Net Operating Income$64,515$78,303
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11494 $31825 $43319 $3610
Total         $11,494 $31,825 $43,319   $21,196 $11,494 $32,690
Stabilized         $11,494 $31,825 $43,319   $34,984 $11,494 $46,478
Custom         $11494 $31825 $43319   $34984 $11494 $46478




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1712,4253,6109382,6729382,6723,610
2711,4873,6109422,6681,8805,3407,220
3710,5453,6109452,6652,8268,00410,830
4709,5993,6109492,6613,77510,66514,440
5708,6503,6109532,6574,72713,32318,050
6707,6983,6109562,6545,68315,97721,660
7706,7423,6109602,6506,64318,62725,270
8705,7823,6109632,6477,60721,27328,880
9704,8183,6109672,6438,57323,91732,490
10703,8523,6109712,6399,54426,55636,100
11702,8813,6109742,63610,51829,19239,710
12701,9073,6109782,63211,49631,82443,320
13700,9293,6109822,62812,47834,45246,930

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Listing Agent: Joe Zimmerman
Listing Office: Keller Williams Chicago-Lincoln Park
2211 N Elston Ave Suite 104 Chicago

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