2 Flat 2281 Clybourn Lincoln Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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2 Flat 2281 Clybourn Lincoln Park Chicago IL Mu I

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: L

Lot Dimensions: 25 X 100

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 2 baths $2500

Unit 2 Floor 2: 2 bedrooms 1 baths $2000

Detailed Listing Description

Lincoln Park 2-flat located in bustling Clybourn Cooridor. Multiple updates throughout including a new roof in 2012 and a gut rehab completed in 2001. Updated units with hardwood floors, maple cabinets, and SS appliances. Top floor 2BR/1BA unit with beamed cathedral ceilings. First floor is a spacious duplex-down 3BR/2BA owner's unit. Large decks for both units and parking for 3 cars.

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,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,G,I
  • Appliances Unit 2A,B,E,G,I
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 20% 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 14% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $54,000 Monthly $4,500
Rental Income Stabilized : Annual $63,456 Monthly $5,288
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,9002$324,9504.49%12.040.81%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,500$5,288
Year Total$54,000$63,456
Expense
Total$24,842$24,842
Net Operating Income$29,158$38,614
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7864 $21774 $29638 $2470
Total         $7,864 $21,774 $29,638   $-480 $7,864 $7,384
Stabilized         $7,864 $21,774 $29,638   $8,976 $7,864 $16,840
Custom         $7864 $21774 $29638   $8976 $7864 $16840




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,4252,4706421,8286421,8282,470
2486,7832,4706451,8251,2873,6534,940
3486,1382,4706471,8231,9345,4767,410
4485,4912,4706491,8212,5837,2979,880
5484,8422,4706521,8183,2359,11512,350
6484,1902,4706541,8163,88910,93114,820
7483,5362,4706571,8134,54612,74417,290
8482,8792,4706591,8115,20514,55519,760
9482,2202,4706621,8085,86716,36322,230
10481,5582,4706641,8066,53118,16924,700
11480,8942,4706671,8037,19819,97227,170
12480,2272,4706691,8017,86721,77329,640
13479,5582,4706721,7988,53823,57232,110

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Listing Agent: Alan Cosby
Listing Office: Westward 360
247 W Scott #404 Chicago

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