4 Flat 2650 Orchard Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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4 Flat 2650 Orchard Lincoln Park Chicago IL Mu In

City: Chicago ZIP: 60614

Built In: 1886

Lot Size: A

Lot Dimensions: 25X145

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $2100

Unit 2 Floor 2: 3 bedrooms 2 baths $3500

Unit 3 Floor 1: 2 bedrooms 1 baths $1900

Unit 4 Floor 2: 2 bedrooms 1 baths $1600

Detailed Listing Description

Fantastic Lincoln Park 2Flat with 2 unit coach house (total 4 income units) Wonderful duplexed owner's unit (3 bed - 1,800 SQ FT) with high ceilings, wood floors, fireplace, huge master suite, and beautiful vintage details. Tons of natural light in all units especially top floor units with skylights. 1st floor 2 bedroom rental. Coach house has spectacular (1500 sqft) duplex unit - contemporary style. Plus, first floor rental. Individual heat & air for each unit. (Tenants pay their own utilities.) All units lay out beautifully and are in great shape. Historically rent out in a minute. Located on one of Lincoln Park's best blocks! Steps to food, fun, shopping, (trader joe's), public transportation, superb schools (Alcott and Lincoln Park) the lake, and so much more! Don't miss this great opportunity.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Tenant Pays Unit 4A
Appliances
  • Appliances Unit 1A,B,C,D,E
  • Appliances Unit 2A,B,C,D,E
  • Appliances Unit 3A,B,C,D,E
  • Appliances Unit 4A,B,C,D,E
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 15% 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 20% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $109,200 Monthly $9,100
Rental Income Stabilized : Annual $115,236 Monthly $9,603
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,250,0004$312,5005.91%11.450.77%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,100$9,603
Year Total$109,200$115,236
Expense
Total$35,295$35,295
Net Operating Income$73,905$79,941
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15125 $41879 $57004 $4751
Total         $15,125 $41,879 $57,004   $16,901 $15,125 $32,026
Stabilized         $15,125 $41,879 $57,004   $22,937 $15,125 $38,062
Custom         $15125 $41879 $57004   $22937 $15125 $38062




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1937,5004,7511,2353,5161,2353,5164,751
2936,2654,7511,2403,5112,4757,0279,502
3935,0254,7511,2453,5063,72010,53314,253
4933,7804,7511,2493,5024,96914,03519,004
5932,5314,7511,2543,4976,22317,53223,755
6931,2774,7511,2593,4927,48221,02428,506
7930,0184,7511,2633,4888,74624,51133,257
8928,7544,7511,2683,48310,01427,99438,008
9927,4864,7511,2733,47811,28731,47242,759
10926,2134,7511,2783,47312,56434,94647,510
11924,9364,7511,2823,46913,84738,41452,261
12923,6534,7511,2873,46415,13441,87857,012
13922,3664,7511,2923,45916,42645,33761,763

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Listing Agent: Linda Levin
Listing Office: Jameson Sotheby's Intl Realty
932 Rollingwood Highland Park

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