4 Flat 2628 WILton Lincoln Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 2628 WILton Lincoln Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60614

Built In: 1889

Lot Size: K

Lot Dimensions: 30X75

Lot Description: H

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $2500

Unit 2 Floor 2: 3 bedrooms 2 baths $2550

Unit 3 Floor 3: 2 bedrooms 1 baths $1500

Unit 4 Floor G: 1 bedrooms 1 baths $700

Gross Income $87,000

Net Op. Income $64,600

Detailed Listing Description

ALCOTT SCHOOL DISTRICT! WALK TO IT ALL FROM THIS BEAUTIFUL LINCOLN PARK 4-UNIT (LEGAL 2-FLAT INCL 1ST FLOOR 3BD/1BA,3BD/2BA 2ND FLOOR UNIT & ADDITIONAL ATTIC & GARDEN APARTMENTS) BROWNSTONE - KEEP AND RENT IT FOREVER OR RENOVATE & INCREASE RENTS;FIRST TIME ON THE MARKET SINCE 1918;IF FULLY RENTED IN PRESENT CONDITION,BUILDING COULD GENERATE UP TO $70,000/YEAR & A NOI OF NEARLY $47,000;EAT-IN KITCHENS & SEPARATE DINING ROOMS IN 1ST & 2ND FLOOR UNITS;EACH UNIT HAS SEPARATE UTILITIES & INDIV GAS-FORCED HEAT & A/C (NEW FURNACE & WATER HEATER FOR 1ST FLOOR UNIT);VACANT UNITS (ATTIC/GARDEN/2ND FLOOR)SHOWN ON 1ST SHOWING & 1ST FLOOR SHOWN ON SECOND SHOWING;3-CAR PARKING INCL!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3J
  • Tenant Pays Unit 4J
Appliances
  • Appliances Unit 1A,B,I,M,S
  • Appliances Unit 2A,B,I,M,S
  • Appliances Unit 3I
  • Appliances Unit 4A,B,I
Schools
  • Grade SchoolALCOTT ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolALCOTT 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 45% more than other 4 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 49% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $87,000 Monthly $7,250
Rental Income Stabilized : Annual $112,032 Monthly $9,336
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,5004$199,8756.27%9.191.17%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,250$9,336
Year Total$87,000$112,032
Expense
Total$36,894$36,894
Net Operating Income$50,106$75,138
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9674 $26786 $36460 $3039
Total         $9,674 $26,786 $36,460   $13,646 $9,674 $23,320
Stabilized         $9,674 $26,786 $36,460   $38,678 $9,674 $48,352
Custom         $9674 $26786 $36460   $38678 $9674 $48352




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,6253,0397902,2497902,2493,039
2598,8353,0397932,2461,5844,4946,078
3598,0413,0397962,2432,3806,7379,117
4597,2453,0397992,2403,1798,97712,156
5596,4463,0398022,2373,98211,21315,195
6595,6433,0398052,2344,78713,44718,234
7594,8383,0398082,2315,59515,67821,273
8594,0303,0398112,2286,40717,90524,312
9593,2183,0398142,2257,22120,13027,351
10592,4043,0398172,2228,03922,35130,390
11591,5863,0398212,2188,85924,57033,429
12590,7663,0398242,2159,68326,78536,468
13589,9423,0398272,21210,51028,99739,507

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

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