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 11% 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 19% 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
$899,0002$449,500-0.27%41.620.47%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,800$4,225
Year Total$21,600$50,700
Expense
Total$24,039$24,039
Net Operating Income$-2,439$26,661
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10878 $30119 $40997 $3417
Total         $10,878 $30,119 $40,997   $-43,436 $10,878 $-32,558
Stabilized         $10,878 $30,119 $40,997   $-14,336 $10,878 $-3,458
Custom         $10878 $30119 $40997   $-14336 $10878 $-3458




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1674,2503,4178892,5288892,5283,417
2673,3613,4178922,5251,7805,0546,834
3672,4703,4178952,5222,6767,57510,251
4671,5743,4178992,5183,57410,09413,668
5670,6763,4179022,5154,47612,60917,085
6669,7743,4179052,5125,38215,12020,502
7668,8683,4179092,5086,29017,62923,919
8667,9603,4179122,5057,20320,13327,336
9667,0473,4179162,5018,11822,63530,753
10666,1323,4179192,4989,03725,13334,170
11665,2133,4179222,4959,96027,62737,587
12664,2903,4179262,49110,88530,11941,004
13663,3653,4179292,48811,81532,60644,421

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

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