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 66% 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 78% 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
$1,350,0002$675,0000.30%31.070.34%
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 $16334 $45229 $61563 $5131
Total         $16,334 $45,229 $61,563   $-57,495 $16,334 $-41,161
Stabilized         $16,334 $45,229 $61,563   $-46,633 $16,334 $-30,299
Custom         $16334 $45229 $61563   $-46633 $16334 $-30299




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,012,5005,1311,3343,7971,3343,7975,131
21,011,1665,1311,3393,7922,6737,58910,262
31,009,8275,1311,3443,7874,01711,37615,393
41,008,4835,1311,3493,7825,36715,15720,524
51,007,1335,1311,3543,7776,72118,93425,655
61,005,7795,1311,3593,7728,08022,70630,786
71,004,4205,1311,3643,7679,44526,47235,917
81,003,0555,1311,3703,76110,81430,23441,048
91,001,6865,1311,3753,75612,18933,99046,179
101,000,3115,1311,3803,75113,56937,74151,310
11998,9315,1311,3853,74614,95441,48756,441
12997,5465,1311,3903,74116,34445,22861,572
13996,1565,1311,3953,73617,73948,96466,703

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