4 Flat 2215 Seminary Lincoln Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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4 Flat 2215 Seminary Lincoln Park Chicago IL Mu I

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: A

Lot Dimensions: 24 X 124

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 1 baths $2650

Unit 2 Floor 2: 3 bedrooms 1 baths $2550

Unit 3 Floor G: 2 bedrooms 1 baths $1650

Unit 4 Floor C: 3 bedrooms 2 baths $3600

Gross Income $12,500

Net Op. Income $10,100

Detailed Listing Description

6.0 Cap Rate in the heart of Lincoln Park & DePaul!!! This money making investment property is available for the 1st time in more then 40 years! Massive Coach House + 3 Front units has made this building ideal for any smart investor! And has even more potential to get CAP RATE to 6.5% with a minor remodel in the Coach House! AIRBNB would also get the CAP Rate higher if Owner Occupied. Close to 100k Net Operating Income! All mechanicals recent and bathrooms and kitchens also updated recently. Picture perfect block that connects with DePaul's campus at the end of the block. Around everything that makes Lincoln Park so amazing, restaurants, CTA, Lake Michigan, LP ZOO and much more! Easy to show as currently not rented so hurry up before another 40+ years go by!!!!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
Appliances
  • Appliances Unit 1A,B,F,S
  • Appliances Unit 2A,B,C,S
  • Appliances Unit 3A,B,F
  • Appliances Unit 4A,B,E,F,S
Schools
  • 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 19% more than other 4 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 12% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $125,400 Monthly $10,450
Rental Income Stabilized : Annual $119,976 Monthly $9,998
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,749,0004$437,2504.81%13.950.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$10,450$9,998
Year Total$125,400$119,976
Expense
Total$41,192$41,192
Net Operating Income$84,208$78,784
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $21162 $58596 $79758 $6647
Total         $21,162 $58,596 $79,758   $4,450 $21,162 $25,612
Stabilized         $21,162 $58,596 $79,758   $-974 $21,162 $20,188
Custom         $21162 $58596 $79758   $-974 $21162 $20188




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,311,7506,6471,7284,9191,7284,9196,647
21,310,0226,6471,7344,9133,4629,83213,294
31,308,2886,6471,7414,9065,20314,73819,941
41,306,5476,6471,7474,9006,95119,63726,588
51,304,7996,6471,7544,8938,70524,53033,235
61,303,0456,6471,7614,88610,46529,41739,882
71,301,2856,6471,7674,88012,23234,29746,529
81,299,5186,6471,7744,87314,00639,17053,176
91,297,7446,6471,7804,86715,78744,03659,823
101,295,9636,6471,7874,86017,57448,89666,470
111,294,1766,6471,7944,85319,36853,74973,117
121,292,3826,6471,8014,84621,16858,59679,764
131,290,5826,6471,8074,84022,97663,43586,411

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Listing Agent: Kenneth Dooley
Listing Office: Compass
1729 W Ellen St Chicago

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