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4 Flat 1927 Sheffield Lincoln Park Chicago IL Mu

City: Chicago ZIP: 60614

Built In: 1896

Lot Size: A

Lot Dimensions: 25X125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 2 baths $1875

Unit 2 Floor 2: 2 bedrooms 2 baths $1820

Unit 3 Floor 1: 2 bedrooms 1 baths $1150

Unit 4 Floor 2: 1 bedrooms 1 baths $1110

Detailed Listing Description

Rare opportunity for investment or live in owner. 3 story brick Victorian with coach house. First floor duplexed to Garden. 2nd floor duplexed to 3rd floor. 2 unit original coach house. 4 units total. 2 Front units have washer/dryer in unit. Long term ownership. Front building remodeled with spacious units. Coach house has two units plus laundry in basement. Don't miss this opportunity.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Tenant Pays Unit 4A
Appliances
  • Appliances Unit 1A,B,C,D,E,F
  • Appliances Unit 2A,B,C,D,E,F
  • Appliances Unit 3A,B
  • Appliances Unit 4A,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 33% 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 37% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $71,460 Monthly $5,955
Rental Income Stabilized : Annual $110,712 Monthly $9,226
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$980,0004$245,0003.94%13.710.94%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,955$9,226
Year Total$71,460$110,712
Expense
Total$32,884$32,884
Net Operating Income$38,576$77,828
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $11858 $32833 $44691 $3725
Total         $11,858 $32,833 $44,691   $-6,115 $11,858 $5,743
Stabilized         $11,858 $32,833 $44,691   $33,137 $11,858 $44,995
Custom         $11858 $32833 $44691   $33137 $11858 $44995




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1735,0003,7259692,7569692,7563,725
2734,0313,7259722,7531,9415,5097,450
3733,0593,7259762,7492,9178,25811,175
4732,0833,7259802,7453,89711,00314,900
5731,1033,7259832,7424,88013,74518,625
6730,1203,7259872,7385,86716,48322,350
7729,1333,7259912,7346,85819,21726,075
8728,1423,7259942,7317,85221,94829,800
9727,1483,7259982,7278,85124,67433,525
10726,1493,7251,0022,7239,85327,39737,250
11725,1473,7251,0062,71910,85830,11740,975
12724,1423,7251,0092,71611,86832,83244,700
13723,1323,7251,0132,71212,88135,54448,425

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Listing Agent: Randall Pavlock
Listing Office: Hunter Properties, Inc.
2722 W Farwell Ave Chicago

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