2 Flat 1037 Altgeld Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 1037 Altgeld Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: 1899

Lot Size: A

Lot Dimensions: 25 X 116

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 4 bedrooms 2 baths $0

Detailed Listing Description

Located on one of Lincoln Park's most desirable streets this historic two flat combines a custom contemporary two level owners unit and a beautiful rental unit. The owners duplex features luxury amenities and finishes including chefs kitchen. Currently configured as a 4 bedroom 2 bath unit, additional rooms make the floor plan very adaptable to other configurations including adding additional bedrooms and baths. The updated 2 bedroom 1 bath rental unit is located on the main floor and not below grade. Units have separate A/C, washer/dryer and hot water heaters with central radiator heat. Two car garage parking with beautiful rooftop deck . Zoned RT 4 as a three unit building for investors Perfect candidate for a single family home conversion. Located in Oscar Mayer Elementary and Lincoln Park High Districts and near ever everything Lincoln Park has to offer.

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
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2I
  • Appliances Unit 1A,B,C,D,E,F,G,I,N,P,Q,S,T,U
  • Appliances Unit 2A,B,C,D,E,F,G,I,N
  • Grade SchoolOscar Mayer Elementary School
  • Grade School District299
  • 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 60% 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 72% 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 $19,498 Monthly $1,625
Rental Income Stabilized : Annual $24,372 Monthly $2,031
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,625$2,031
Year Total$19,498$24,372
Net Operating Income$-8,093$-3,219
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $15717 $43520 $59237 $4937
Total         $15,717 $43,520 $59,237   $-67,330 $15,717 $-51,613
Stabilized         $15,717 $43,520 $59,237   $-62,456 $15,717 $-46,739
Custom         $15717 $43520 $59237   $-62456 $15717 $-46739

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: John Irwin
Listing Office: Baird & Warner
2520 North Sheffield Ave #B Chicago

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