2 Flat 2134 Lincoln Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2134 Lincoln Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: A

Lot Dimensions: 16X50

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $-

Unit 2 Floor 2: 3 bedrooms 1 baths $OWN

Detailed Listing Description

Lincoln/Oz Park two-unit building w/two exterior parking spaces included. Updated and brand new Pella windows throughout. Keep as a two-flat or convert to single-family home. Units are spacious with lots of natural light. Top unit is two-levels w/3-bedrooms and bathroom on top floor. Main floor has kitchen, dining room, powder room, living room. Large deck off dining room and smaller deck off living room. Garden level -spacious 1br, 1bth, kitchen and ground level patio off dining/living room. Both units w/central heat and air, washer/dryer in each unit & hardwood flooring. Fee simple ownership with a $480.00 ($240 per unit) monthly assessment. Assessment in this well managed association covers water, sewer, roof, brickwork, fencing, snow removal and basic cable. One pin number and tax bill for both units and the parking spaces. Walk to restaurants, shopping, Oz Park, zoo and lakefront. Great for owner occupied or easy to rent for investor, 12-month minimum for all leases.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,F
  • Appliances Unit 2A,B,C,D,E,F
Schools
  • Grade SchoolLincoln 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 6% 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 0% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $49,632 Monthly $4,136
Rental Income Stabilized : Annual $46,800 Monthly $3,900
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$760,0002$380,0003.65%15.310.51%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,136$3,900
Year Total$49,632$46,800
Expense
Total$21,885$21,885
Net Operating Income$27,747$24,915
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9196 $25462 $34658 $2889
Total         $9,196 $25,462 $34,658   $-6,911 $9,196 $2,285
Stabilized         $9,196 $25,462 $34,658   $-9,743 $9,196 $-547
Custom         $9196 $25462 $34658   $-9743 $9196 $-547




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1570,0002,8897522,1387522,1382,889
2569,2492,8897542,1351,5064,2725,778
3568,4942,8897572,1322,2636,4048,667
4567,7372,8897602,1293,0238,53311,556
5566,9772,8897632,1263,78610,65914,445
6566,2142,8897662,1234,55112,78317,334
7565,4492,8897692,1205,32014,90320,223
8564,6802,8897712,1186,09217,02023,112
9563,9082,8897742,1156,86619,13526,001
10563,1342,8897772,1127,64321,24728,890
11562,3572,8897802,1098,42323,35631,779
12561,5772,8897832,1069,20625,46234,668
13560,7942,8897862,1039,99227,56537,557

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Listing Agent: Brett Novack
Listing Office: @properties
1875 N, DAMEN Chicago

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