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2 Flat 1242 Draper Lincoln Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: A

Lot Dimensions: 30 X 60

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $1575

Unit 2 Floor 2: 2 bedrooms 1 baths $1575

Detailed Listing Description

Brick 2 flat in hot Depaul/ Lincoln Park Area! Beautiful, quiet tree lined street across from children's park. First floor has possibilities for duplex down, potential for in law or extended living. Easy permit street parking. Tenant pays utilities. Walk to transportation, grocery, shopping, and restaurants.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,S
  • Appliances Unit 2A,B,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 10% 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 4% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $37,800 Monthly $3,150
Rental Income Stabilized : Annual $47,844 Monthly $3,987
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$729,0002$364,5002.50%19.290.55%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,150$3,987
Year Total$37,800$47,844
Expense
Total$19,585$19,585
Net Operating Income$18,215$28,259
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8821 $24424 $33245 $2771
Total         $8,821 $24,424 $33,245   $-15,030 $8,821 $-6,209
Stabilized         $8,821 $24,424 $33,245   $-4,986 $8,821 $3,835
Custom         $8821 $24424 $33245   $-4986 $8821 $3835




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1546,7502,7717212,0507212,0502,771
2546,0292,7717232,0481,4444,0985,542
3545,3062,7717262,0452,1706,1438,313
4544,5802,7717292,0422,8998,18511,084
5543,8512,7717322,0393,63110,22413,855
6543,1192,7717342,0374,36512,26116,626
7542,3852,7717372,0345,10214,29519,397
8541,6482,7717402,0315,84216,32622,168
9540,9082,7717432,0286,58418,35524,939
10540,1662,7717452,0267,33020,38027,710
11539,4202,7717482,0238,07822,40330,481
12538,6722,7717512,0208,82924,42333,252
13537,9212,7717542,0179,58326,44036,023

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Listing Agent: Diane Jurado
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
3531 N Leavitt St Chicago

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