4 Flat 2425 Geneva Lincoln Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 2425 Geneva Lincoln Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60614

Built In: 1891

Lot Size: A

Lot Dimensions: 25X100

Lot Description: H

# of Units: 4

Unit 1 Floor G: 2 bedrooms 1 baths $2000

Unit 2 Floor 2: 4 bedrooms 2 baths $4100

Unit 3 Floor 3: 4 bedrooms 2 baths $4200

Unit 4 Floor 4: 4 bedrooms 2 baths $4300

Gross Income $17,520

Net Op. Income $13,186

Detailed Listing Description

2425 North Geneva Terrace is a 4 unit greystone apartment building. The property features large renovated apartment units with laundry in-unit and central heat and air. Geneva Terrace is situated in the heart of Lincoln Park, just 2 blocks west of Lincoln Park and a few blocks east of DePaul University. Additionally, the Fullerton CTA station is located within 1/2 mile of the property. The property sits in the Arlington-Deming Landmark District and is surrounded by unique and architecturally significant historic structures creating a charming neighborhood feel. Geneva Terrace presents the rare opportunity to acquire a classic Chicago greystone in a historically significant and exclusive district of Lincoln Park. The unit mix is comprised of (3) 4 bed/ 2 bath apartments, and (1) 2 bedroom/ 1 bathroom apartment. Property has new roof, copper plumbing, individual furnaces with AC and a large backyard area for tenants.

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
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,F,G,I,S,U
  • Appliances Unit 2A,B,C,D,E,F,G,I,S,U
  • Appliances Unit 3A,B,C,D,E,F,G,I,S,U
  • Appliances Unit 4A,B,C,D,E,F,G,I,S,U
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 43% 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 35% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $175,200 Monthly $14,600
Rental Income Stabilized : Annual $173,664 Monthly $14,472
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$2,100,0004$525,0005.87%11.990.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$14,600$14,472
Year Total$175,200$173,664
Expense
Total$51,832$51,832
Net Operating Income$123,368$121,832
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $25409 $70356 $95765 $7981
Total         $25,409 $70,356 $95,765   $27,603 $25,409 $53,012
Stabilized         $25,409 $70,356 $95,765   $26,067 $25,409 $51,476
Custom         $25409 $70356 $95765   $26067 $25409 $51476




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,575,0007,9812,0755,9062,0755,9067,981
21,572,9257,9812,0835,8984,15711,80515,962
31,570,8437,9812,0905,8916,24817,69523,943
41,568,7527,9812,0985,8838,34623,57831,924
51,566,6547,9812,1065,87510,45229,45339,905
61,564,5487,9812,1145,86712,56635,32047,886
71,562,4347,9812,1225,85914,68841,17955,867
81,560,3127,9812,1305,85116,81747,03163,848
91,558,1837,9812,1385,84318,95552,87471,829
101,556,0457,9812,1465,83521,10158,70979,810
111,553,8997,9812,1545,82723,25564,53687,791
121,551,7457,9812,1625,81925,41770,35595,772
131,549,5837,9812,1705,81127,58776,166103,753

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Listing Agent: Brant Booker
Listing Office: Jameson Sotheby's Intl Realty
1440 N. Wells #J Chicago

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