2 Flat 2723 Marshfield Lincoln Park Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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2 Flat 2723 Marshfield Lincoln Park Chicago IL Mu

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: L

Lot Dimensions: 25X125

Lot Description: H

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $1850

Unit 2 Floor 2: 3 bedrooms 1 baths $1600

Gross Income $41,400

Net Op. Income $28,078

Detailed Listing Description

PRESCOTT ELEMENTARY!! WALK TO WRIGHTWOOD PARK, RETAIL, RESTAURANTS, PUB TRANS FROM THIS TASTEFULLY UPDATED LINCOLN PARK 2-FLAT ON A BEAUTIFUL TREE LINED ONE-WAY STREET IDEAL FOR OWNER OCCUPANT W/RENTAL INCOME OR ARMCHAIR INVESTOR W/VALUE ADD OPPORTUNITIES; 1ST FLOOR 3 BED / 1 BATH UNIT FEAT WHITE/S/S EAT-IN KITCHEN W/PANTRY, HUGE MASTER BEDROOM, UPDATED MARBLE BATH, LARGE LIVING AREA W/HARDWOOD FLOORS; 2ND FLOOR 3 BED (CURRENTLY OPENED UP/CONFIGURED AS 1 BED+SEP DINING+DEN BUT EASILY REVERTS BACK) / 1 BATH UNIT FEAT WHITE/S/S EAT-IN KITCHEN, CRISP/WHITE UPDATED BATH & HUGE PRIVATE TERRACE OFF DEN/BEDROOM; CENTRAL HEAT/AC IN BOTH UNITS W/NEST THERMOSTATS; 2 SETS OF LAUNDRY IN BASEMENT + PRIVATE STORAGE; UPDATED APPLIANCES, ELECTRICAL, PLUMBING, BOTH H20 (2015-16), FURNACE (2015); RENTS WAY BELOW MARKET; OPTION TO DUPLEX UP/DOWN INTO UNFINISHED ATTIC/BONE DRY BASEMENT W/GOOD CEILING HEIGHT OR KEEP AS ENDLESS STORAGE ; LARGE FENCED YARD & 2-CAR GARAGE!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,E,I,N,S
  • Appliances Unit 2A,B,E,I,N,S
Schools
  • Grade SchoolPrescott Elementary School
  • Grade School District299
  • Jr High/Middle SchoolPrescott 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 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 $41,400 Monthly $3,450
Rental Income Stabilized : Annual $54,312 Monthly $4,526
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$649,5002$324,7503.10%15.690.70%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,450$4,526
Year Total$41,400$54,312
Expense
Total$21,280$21,280
Net Operating Income$20,120$33,032
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7859 $21760 $29619 $2469
Total         $7,859 $21,760 $29,619   $-9,499 $7,859 $-1,640
Stabilized         $7,859 $21,760 $29,619   $3,413 $7,859 $11,272
Custom         $7859 $21760 $29619   $3413 $7859 $11272




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1487,1252,4696421,8276421,8272,469
2486,4832,4696451,8241,2873,6514,938
3485,8382,4696471,8221,9345,4737,407
4485,1912,4696501,8192,5847,2929,876
5484,5412,4696521,8173,2369,10912,345
6483,8892,4696541,8153,89010,92414,814
7483,2352,4696571,8124,54712,73617,283
8482,5782,4696591,8105,20614,54619,752
9481,9192,4696621,8075,86816,35322,221
10481,2572,4696641,8056,53218,15824,690
11480,5932,4696671,8027,19919,96027,159
12479,9262,4696691,8007,86821,76029,628
13479,2572,4696721,7978,54023,55732,097

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Listing Agent: Mario Greco
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
540 N. Paulina Chicago

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