2 Flat 328 Concord Lincoln Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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2 Flat 328 Concord Lincoln Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60614

Built In: 1972

Lot Size: A

Lot Dimensions: 17.9 X 94.14

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $1800

Unit 2 Floor 2: 2 bedrooms 2 baths $0

Detailed Listing Description

Fabulous 2-flat in Old Town Historic District, excellent location. Owner's suite 2nd and 3rd floor of this beautiful-spacious and updated home. Real hardwood floors throughout this 2 bedroom ~ 2.1 bathroom home. Master suite has a large private dressing room, great closets. Beautiful updated white kitchen with granite counter tops, backsplash & working island. Wide and spacious living room with wood-burning fireplace showered with natural light. 3 private outdoor spaces, deck for grilling and a huge terrace over the 2-car covered carport, a true relaxing oasis. In-unit washer/dryer in both units.Spacious and clean rental unit (1st floor, not a basement)also with washer/dryer features 1 bed/1 bath & separate dining room. Live-in and enjoy this property, buy/hold as an armchair investment or easily converted into a 2500 sq. ft. single family home. Shopping, restaurants, theaters, Lincoln Park & beaches all in close proximity. A true gem located on one of the best streets in Old Town.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B,C,D,E,F,I,M,S,X
  • Appliances Unit 2A,B,C,D,E,F,G,I,M,N,Q,S,U,X
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 8% 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 16% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $21,600 Monthly $1,800
Rental Income Stabilized : Annual $50,700 Monthly $4,225
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$875,0002$437,500-0.68%40.510.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,800$4,225
Year Total$21,600$50,700
Expense
Total$27,556$27,556
Net Operating Income$-5,956$23,144
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10587 $29315 $39902 $3326
Total         $10,587 $29,315 $39,902   $-45,858 $10,587 $-35,271
Stabilized         $10,587 $29,315 $39,902   $-16,758 $10,587 $-6,171
Custom         $10587 $29315 $39902   $-16758 $10587 $-6171




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1656,2503,3268652,4618652,4613,326
2655,3853,3268682,4581,7334,9196,652
3654,5173,3268722,4542,6057,3739,978
4653,6453,3268752,4513,4809,82413,304
5652,7703,3268782,4484,35812,27216,630
6651,8923,3268812,4455,23914,71719,956
7651,0113,3268852,4416,12417,15823,282
8650,1263,3268882,4387,01219,59626,608
9649,2383,3268912,4357,90322,03129,934
10648,3473,3268952,4318,79824,46233,260
11647,4523,3268982,4289,69626,89036,586
12646,5543,3269012,42510,59829,31439,912
13645,6523,3269052,42111,50231,73643,238

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Listing Agent: Brenda Mauldin
Listing Office: Baird & Warner
2052 N Lincoln Park West #812 Chicago

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