3 Flat 1025 Altgeld Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 1025 Altgeld Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: 1896

Lot Size: A

Lot Dimensions: 25X116

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 3: 2 bedrooms 1 baths $0

Detailed Listing Description

Excellent DePaul Location! Great development potential. Keep as three apartments or convert to luxury single family home. Property needs updating - call your developers. Common wall in rear of building. 24-Hour notice to show.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces3
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2A,B
  • Appliances Unit 3A,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 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.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $58,320 Monthly $4,860
Rental Income Stabilized : Annual $72,900 Monthly $6,075
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,050,0003$350,0002.77%18.000.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,860$6,075
Year Total$58,320$72,900
Expense
Total$29,214$29,214
Net Operating Income$29,106$43,686
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $12705 $35178 $47883 $3991
Total         $12,705 $35,178 $47,883   $-18,777 $12,705 $-6,072
Stabilized         $12,705 $35,178 $47,883   $-4,197 $12,705 $8,508
Custom         $12705 $35178 $47883   $-4197 $12705 $8508




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1787,5003,9911,0382,9531,0382,9533,991
2786,4623,9911,0422,9492,0805,9027,982
3785,4203,9911,0462,9453,1258,84811,973
4784,3753,9911,0502,9414,17511,78915,964
5783,3253,9911,0542,9375,22814,72719,955
6782,2723,9911,0572,9346,28617,66023,946
7781,2143,9911,0612,9307,34720,59027,937
8780,1533,9911,0652,9268,41323,51531,928
9779,0873,9911,0692,9229,48226,43735,919
10778,0183,9911,0732,91810,55629,35439,910
11776,9443,9911,0772,91411,63332,26843,901
12775,8673,9911,0812,91012,71535,17747,892
13774,7853,9911,0862,90513,80038,08351,883

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Listing Agent: Theodore Kamberos
Listing Office: Kamberos Associates
2458 N. Racine Chicago

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