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2 Flat 2742 Ashland Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: L

Lot Dimensions: 27X100

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $2400

Unit 2 Floor 2: 3 bedrooms 1 baths $2600

Gross Income $72,000

Net Op. Income $59,000

Detailed Listing Description

INCREDIBLE/RARE OPPORTUNITY TO OWN NEWLY RENOVATED (2018) BRICK 2-FLAT W/ FINISHED BSMT W/LARGE 1BED (IDEAL FOR AIRBNB) IN LINCOLN PARK W/ CONDO QUALITY FINISHES T/O! KITCHENS: WHITE SHAKER CABINETRY, QUARTZ COUNTERTOPS AND STAINLESS STEEL APPLIANCES; BATHS: WHITE/STONE VANITIES W/ PORCELAIN TILE T/O; 1st FLOOR: 3 BED + PATIO 1 BATH APT W/ IN-UNIT W/D; 2nd FLOOR: 3 BED + OFFICE + BALCONY 1 BATH W/ IN-UNIT W/D; LARGE 1 BED GARDEN APT W/ TWO FULL BATHS AND KITCHENETTE COULD BE AN IDEAL AIRBNB/SHORT TERM RENTAL; COMMON PATIO SPACE IN THE BACKYARD AND 2-CAR EXTERIOR PARKING; RENTS ARE PROJECTED BASED ON MARKET VALUE

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C,E
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,S,U
  • Appliances Unit 2A,B,C,D,E,F,I,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 5% 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 2% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $60,000 Monthly $5,000
Rental Income Stabilized : Annual $54,312 Monthly $4,526
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$774,5002$387,2504.85%12.910.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,000$4,526
Year Total$60,000$54,312
Expense
Total$22,417$22,417
Net Operating Income$37,583$31,895
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9371 $25948 $35319 $2944
Total         $9,371 $25,948 $35,319   $2,264 $9,371 $11,635
Stabilized         $9,371 $25,948 $35,319   $-3,424 $9,371 $5,947
Custom         $9371 $25948 $35319   $-3424 $9371 $5947




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1580,8752,9447662,1787662,1782,944
2580,1092,9447692,1751,5344,3545,888
3579,3412,9447712,1732,3066,5268,832
4578,5692,9447742,1703,0808,69611,776
5577,7952,9447772,1673,85710,86314,720
6577,0182,9447802,1644,63813,02617,664
7576,2372,9447832,1615,42115,18720,608
8575,4542,9447862,1586,20717,34523,552
9574,6682,9447892,1556,99619,50026,496
10573,8792,9447922,1527,78821,65229,440
11573,0872,9447952,1498,58323,80132,384
12572,2922,9447982,1469,38125,94735,328
13571,4942,9448012,14310,18128,09138,272

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Listing Agent: Mario Greco
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
540 N. Paulina Chicago

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