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3 Flat 2233 Janssen Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: 1896

Lot Size: K

Lot Dimensions: 25 X 128

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $1495

Unit 2 Floor 2: 2 bedrooms 1 baths $2795

Unit 3 Floor 1: 1 bedrooms 1 baths $1695

Gross Income $71,820

Net Op. Income $54,703

Detailed Listing Description

RARE/TURNKEY LINCOLN PARK MULTI-UNIT INVESTMENT/LIVE-IN OPPORTUNITY. NEVER VACANT 3-UNIT BUILDING LOCATED ON TREE-LINED STREET STEPS TO SHOPPING, PUB TRANS, DINING, GYM & PARKS. FLEXIBLE UNIT CONFIGURATION FEATURES RECENTLY RENOVATED/UPGRADED 2BD/1.1BATH DUPLEX UP W/IN-UNIT LAUNDRY, NEWER KITCHEN W/GRANITE & SS APPLIANCES, HARDWOOD FLRS, DISHWASHER & CENTRAL AIR/HEAT - PERFECT FOR OWNER'S UNIT OR LUXURY RENTAL. UNIQUE 1BED/1BATH DETACHED COACH HOUSE W/PRIVATE DECK ALSO IDEAL FOR LIVE-IN OWNER & CONDO QUALITY 1BED/1BATH TERRACE UNIT. ALL UNITS HAVE CENTRAL AIR/HEAT AND ARE SEPARATELY METERED. TONS OF STORAGE AND 2 CAR GARAGE! BUILDING IS NEVER VACANT AND RENTS COULD EASILY BE INCREASED.

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • 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,S
  • Appliances Unit 2A,B,C,D,E,I,M,N,P,S,T
  • Appliances Unit 3A,B,C,D,I,N,P
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 25% 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 30% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $71,820 Monthly $5,985
Rental Income Stabilized : Annual $62,592 Monthly $5,216
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,049,5003$349,8333.90%14.610.50%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,985$5,216
Year Total$71,820$62,592
Expense
Total$30,886$30,886
Net Operating Income$40,934$31,706
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $12699 $35161 $47860 $3989
Total         $12,699 $35,161 $47,860   $-6,926 $12,699 $5,773
Stabilized         $12,699 $35,161 $47,860   $-16,154 $12,699 $-3,455
Custom         $12699 $35161 $47860   $-16154 $12699 $-3455




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1787,1253,9891,0372,9521,0372,9523,989
2786,0883,9891,0412,9482,0785,9007,978
3785,0473,9891,0452,9443,1248,84311,967
4784,0013,9891,0492,9404,17311,78315,956
5782,9523,9891,0532,9365,22514,72019,945
6781,9003,9891,0572,9326,28217,65223,934
7780,8433,9891,0612,9287,34320,58027,923
8779,7823,9891,0652,9248,40823,50431,912
9778,7173,9891,0692,9209,47726,42435,901
10777,6483,9891,0732,91610,55029,34039,890
11776,5753,9891,0772,91211,62632,25343,879
12775,4993,9891,0812,90812,70735,16147,868
13774,4183,9891,0852,90413,79238,06551,857

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

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