Find the home or investment property you’ve been looking for!

Quick Search

Select Search Area

Selected Areas (10)
Listing Types

Property Features

2 Flat 1626 Wolcott West Town Chicago IL Mu Inves

City: CHICAGO ZIP: 60622

Built In: U

Lot Size: A

Lot Dimensions: 24 X 121

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Extremely rare opportunity to build your dream home in a premier location on the Wicker Park/Bucktown border, just steps from some of the best restaurants and shops and transportations. Surrounded by multi-million dollar homes, this lot is 24' x 121' and zoned RS-3. Currently a 2 flat, property being sold As-Is. Tear down or gut rehab. Please do not disturb occupants.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Appliances Unit 1A,B,C,D,E,F,J,P,S
  • Appliances Unit 2J,S
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60622

Listings in this Zip Code average: 3 to 4 units, and are priced at $915,555 to $975,918
This listing is 36% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 22% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $42,038 Monthly $3,503
Rental Income Stabilized : Annual $52,548 Monthly $4,379
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,503$4,379
Year Total$42,038$52,548
Net Operating Income$30,009$40,519
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8827 $24441 $33268 $2773
Total         $8,827 $24,441 $33,268   $-3,259 $8,827 $5,568
Stabilized         $8,827 $24,441 $33,268   $7,251 $8,827 $16,078
Custom         $8827 $24441 $33268   $7251 $8827 $16078

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

Explore Nearby Neighborhoods

LakeviewNearby Neighborhoods X Plus Real Estate


Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

Listing Agent: Tim Lorimer
Listing Office: Compass
1248 N Campbell Ave Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.