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2 Flat 1625 Dayton Lincoln Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60614

Built In: 1886

Lot Size: A

Lot Dimensions: 24 X 124

Lot Description: F,H

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $2300

Unit 2 Floor 2: 4 bedrooms 3 baths $3120

Detailed Listing Description

3 Story Brick 2 Flat set back from the street to allow for a massive front yard/patio in prime Lincoln Park! Both units currently used for AirBNB- a great investment in the best neighborhood close to trains, shops/restaurants on Armitage - continue renting both units or live in one and rent the other to cover your costs! 1st floor features a spacious living & dining room, kitchen w/ SS appliances, 3 bedrooms & 1 full bath. Gas forced heat & a private deck! Laundry for 1st floor in the basement. 2nd unit is a huge duplex with a large living room, formal dining room, kitchen w/ SS appliances, laundry room w/ full size washer/dryer. 4 bedrooms w/ two that have ensuite baths! Space pak on top level. Tons of closet space and refinished hardwood floors throughout. Lots of outdoor space with large decks & patio w/ built in gas grill. Full basement with storage and laundry. Rental parking available.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteN
  • Parking OwnershipD
  • Parking Fee/Lease Amount150
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,S
  • Appliances Unit 2A,B,C,D,E,F,P,R,S
Schools
  • Grade SchoolOSCAR MAYER ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolOSCAR MAYER ELEMENTARY SCHOOL
  • 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 1% 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 6% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $65,040 Monthly $5,420
Rental Income Stabilized : Annual $64,512 Monthly $5,376
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,0002$399,5004.37%12.280.67%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,420$5,376
Year Total$65,040$64,512
Expense
Total$30,144$30,144
Net Operating Income$34,896$34,368
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9668 $26769 $36437 $3037
Total         $9,668 $26,769 $36,437   $-1,541 $9,668 $8,127
Stabilized         $9,668 $26,769 $36,437   $-2,069 $9,668 $7,599
Custom         $9668 $26769 $36437   $-2069 $9668 $7599




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,2503,0377902,2477902,2473,037
2598,4603,0377932,2441,5834,4916,074
3597,6673,0377962,2412,3786,7339,111
4596,8723,0377992,2383,1778,97112,148
5596,0733,0378022,2353,97911,20615,185
6595,2713,0378052,2324,78413,43818,222
7594,4663,0378082,2295,59115,66821,259
8593,6593,0378112,2266,40217,89424,296
9592,8483,0378142,2237,21620,11727,333
10592,0343,0378172,2208,03322,33730,370
11591,2173,0378202,2178,85324,55433,407
12590,3973,0378232,2149,67626,76836,444
13589,5743,0378262,21110,50228,97939,481

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Listing Agent: Bari Levine
Listing Office: @properties
758 n larrabee #203 chicago

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