2 Flat 1842 Bissell Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 1842 Bissell Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: 1881

Lot Size: A

Lot Dimensions: 1608

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1195

Unit 2 Floor 2: 1 bedrooms 1 baths $1350

Gross Income $46,140

Net Op. Income $30,329

Detailed Listing Description

Wow! Extreme Deal. Best Location in Lincoln Park.. Great Investment opportunity in great DePaul/Lincoln Park community. 2 Flat building with addition, finished basement in-law apartment. 3 Room 1 bedroom $1,185/month. Full expandable attic. DEck in the back. Close to shoppin, boutiques, entertainment, nightlife, restaurants, DePaul University and Lincoln Park Zoo. Easy access 2 blocks to CTA, train by Sheffield and Armitage to downtown Chicago. Sold "AS IS". You are going to love it!! Hurry and bring an offer... Units have separate zoned heat! Don't delay showings can be set within 48 hours anyday!!!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
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 22% 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 17% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $30,540 Monthly $2,545
Rental Income Stabilized : Annual $45,000 Monthly $3,750
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$629,0002$314,5001.31%20.600.60%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,545$3,750
Year Total$30,540$45,000
Expense
Total$22,297$22,297
Net Operating Income$8,243$22,703
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7611 $21074 $28685 $2391
Total         $7,611 $21,074 $28,685   $-20,442 $7,611 $-12,831
Stabilized         $7,611 $21,074 $28,685   $-5,982 $7,611 $1,629
Custom         $7611 $21074 $28685   $-5982 $7611 $1629




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1471,7502,3916221,7696221,7692,391
2471,1282,3916241,7671,2463,5364,782
3470,5042,3916271,7641,8735,3007,173
4469,8772,3916291,7622,5027,0629,564
5469,2482,3916311,7603,1338,82211,955
6468,6172,3916341,7573,76710,57914,346
7467,9832,3916361,7554,40312,33416,737
8467,3472,3916381,7535,04114,08719,128
9466,7092,3916411,7505,68215,83721,519
10466,0682,3916431,7486,32517,58523,910
11465,4252,3916461,7456,97119,33026,301
12464,7792,3916481,7437,61921,07328,692
13464,1312,3916511,7408,27022,81331,083

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Listing Agent: Matteo Scimeca
Listing Office: RE/MAX AllStars
838 FORESTVIEW PARK RIDGE

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