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3 Flat 831 Altgeld Lincoln Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60614

Built In: 1912

Lot Size: A

Lot Dimensions: 59 X 83

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $2350

Unit 2 Floor 2: 2 bedrooms 1 baths $2425

Unit 3 Floor 3: 2 bedrooms 1 baths $2625

Gross Income $88,800

Detailed Listing Description

Lincoln Park all brick true turn key 3-unit investment property. Each unit has been completely renovated with high-end finishes but maintains it's vintage charm. These split 2br/1ba units feature newly refinished floors, spacious bedrooms, separate living and dining spaces, vintage built ins and mill work, new front-loading w/d, kitchens with white Shaker cabinets, Quartz counter tops, GE stainless steel appliances, and garbage disposals, bathrooms with white Quartz vanities and gray slate tile. Each unit has newly installed central heat/ac, new plumbing, upgraded electric, and much much more. Easy street parking on Altgeld. Steps from all the action on Lincoln, Halsted, Wrightwood, and the L at Sheffield and Fullerton.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Appliances Unit 1A,B,C,D,E,F,G,I,S,U
  • Appliances Unit 2A,B,C,D,E,F,G,I,S,U
  • Appliances Unit 3A,B,C,D,E,F,G,I,S,U
  • 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 7% 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 13% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $88,800 Monthly $7,400
Rental Income Stabilized : Annual $72,900 Monthly $6,075
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,400$6,075
Year Total$88,800$72,900
Net Operating Income$59,650$43,750
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $15669 $43386 $59055 $4922
Total         $15,669 $43,386 $59,055   $595 $15,669 $16,264
Stabilized         $15,669 $43,386 $59,055   $-15,305 $15,669 $364
Custom         $15669 $43386 $59055   $-15305 $15669 $364

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Alexander Cohen
Listing Office: @properties
1914 N Damen Ave #2 Chicago

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