2 Flat 640 Belden Lincoln Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 640 Belden Lincoln Park Chicago IL Mu Inve

City: CHICAGO ZIP: 60614

Built In: 1886

Lot Size: K

Lot Dimensions: 25X134

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Incredible opportunity to renovate this extra-wide, stately greystone on quiet, tree-lined Belden in the Lincoln School District and easy walking distance to Parker, the zoo, and lakefront. Perfect for a buyer looking to customize their own home or for an astute spec developer. The building is 22 feet wide and 81 feet deep allowing a 5,400 square foot home without an addition. Main level and second floor have over 10 foot ceilings and basement approximately 8 foot now. Advantageous RM5 zoning would allow a penthouse addition. Actual lot size is 25x134 and the garage features a lofted area above it. The current building has been in the same family for generations and needs a complete renovation. Orange rated and located in the Mid-North historic landmark district.

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Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1A,B,M,N,S,T
  • Appliances Unit 2A,B,M,N,S,T
Schools
  • Grade SchoolLINCOLN ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolLINCOLN ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLINCOLN PARK HIGH SCHOOL
  • 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 79% 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 91% more than other 2 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 $43,450 Monthly $3,621
Rental Income Stabilized : Annual $54,312 Monthly $4,526
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,449,0002$724,5000.28%33.350.31%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,621$4,526
Year Total$43,450$54,312
Expense
Total$39,382$39,382
Net Operating Income$4,068$14,930
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $17532 $48546 $66078 $5507
Total         $17,532 $48,546 $66,078   $-62,010 $17,532 $-44,478
Stabilized         $17,532 $48,546 $66,078   $-51,148 $17,532 $-33,616
Custom         $17532 $48546 $66078   $-51148 $17532 $-33616




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,086,7505,5071,4324,0751,4324,0755,507
21,085,3185,5071,4374,0702,8698,14511,014
31,083,8815,5071,4424,0654,31112,21016,521
41,082,4395,5071,4484,0595,75916,26922,028
51,080,9915,5071,4534,0547,21220,32327,535
61,079,5385,5071,4594,0488,67124,37133,042
71,078,0795,5071,4644,04310,13528,41438,549
81,076,6155,5071,4704,03711,60532,45144,056
91,075,1455,5071,4754,03213,08036,48349,563
101,073,6705,5071,4814,02614,56140,50955,070
111,072,1895,5071,4864,02116,04744,53060,577
121,070,7035,5071,4924,01517,53948,54566,084
131,069,2115,5071,4974,01019,03752,55471,591

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