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2220 Halsted

City: Chicago ZIP: 60614

Built In: 1886

Lot Size: A

Lot Dimensions: 25 X 125

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 2 baths $3200

Unit 2 Floor 2: 2 bedrooms 1 baths $1800

Unit 3 Floor 3: 3 bedrooms 1 baths $2400

Gross Income $91,800

Net Op. Income $66,386

Detailed Listing Description

The Architectural significant "Italiante" style Landmark brick 3-Flat dating from the 1880's on the Register of Historic Places located in the Sheffield Historic District of Lincoln Park! This handsome red brick w/limestone lintel accents building is three story (plus basement) constructed like a fortress on a rubble Limestone foundation. Many of the original features remain intact; 11' high cove plaster ceilings, built-in pocket shutters, massive 9' tall solid, wood pocket door, stone fireplace, butler pantry and oak flooring. Generous sized apartments, breakfast nooks off kitchens, and all good sized bedrooms. The first floor has duplex down w/3rd bedroom, den/4thbedroom, laundry and a spa sauna. There is a common mechanical room, free laundry machines, common storage, landscaped yard and newer rear decks. Each unit has individual mechanical systems: gas forced air heat, central air-conditioning, and separate water tanks. All utilities are paid pay the tenants.

Additional Property Details

Garage & Parking
  • Gargage DetailsN
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,I,P,S
  • Appliances Unit 2A,B,I,S
  • Appliances Unit 3A,B,I,S
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 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 0% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $88,800 Monthly $7,400
Rental Income Stabilized : Annual $90,288 Monthly $7,524
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,490,0003$496,6673.54%16.780.50%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,400$7,524
Year Total$88,800$90,288
Expense
Total$36,073$36,073
Net Operating Income$52,727$54,215
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $18028 $49919 $67947 $5663
Total         $18,028 $49,919 $67,947   $-15,220 $18,028 $2,808
Stabilized         $18,028 $49,919 $67,947   $-13,732 $18,028 $4,296
Custom         $18028 $49919 $67947   $-13732 $18028 $4296




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,117,5005,6631,4724,1911,4724,1915,663
21,116,0285,6631,4784,1852,9508,37611,326
31,114,5505,6631,4834,1804,43412,55516,989
41,113,0665,6631,4894,1745,92316,72922,652
51,111,5775,6631,4954,1687,41720,89828,315
61,110,0835,6631,5004,1638,91725,06133,978
71,108,5835,6631,5064,15710,42329,21839,641
81,107,0775,6631,5114,15211,93533,36945,304
91,105,5655,6631,5174,14613,45237,51550,967
101,104,0485,6631,5234,14014,97541,65556,630
111,102,5255,6631,5294,13416,50345,79062,293
121,100,9975,6631,5344,12918,03849,91867,956
131,099,4625,6631,5404,12319,57854,04173,619

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Listing Agent: Roger Joseph
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
5601 N Sheridan Rd, Apt 15A Chicago

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