4 Flat 2437 Ashland Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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4 Flat 2437 Ashland Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: 1886

Lot Size: A

Lot Dimensions: 25 X 83

# of Units: 4

Unit 1 Floor G: 2 bedrooms 2 baths $1995

Unit 2 Floor 1: 3 bedrooms 2 baths $2550

Unit 3 Floor 2: 4 bedrooms 3 baths $3500

Unit 4 Floor C: 1 bedrooms 1 baths $1630

Gross Income $11,610

Detailed Listing Description

Completely gut rehabbed (2018) 4 unit building in Chicago's Lincoln Park neighborhood! Great turn-key, income producing opportunity, or perfect for an owner occupant with a large 4 bed/3 bath duplex up unit. Based on current rent and market mortgage rates, owner can live in the 4 bed unit for $250/month, or live in another unit for a positive cash flowing property. The building features include, but are not limited to, new kitchens with quarts counters and stainless steel appliances, as well as new baths, a new roof, electrics, and plumbing. Less than a mile to the Fullerton L Stop, the building is walking distance to Depaul's campus, Mariano's, and an abundance of restaurants and night life that Lincoln Park has to offer!

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Tenant Pays Unit 4B,C,D
  • Appliances Unit 1A,B,C,D,E,F,G,I,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,S
  • Appliances Unit 3A,B,C,D,E,F,G,I,S
  • Appliances Unit 4A,B,C,D,E,F,G,I,S
  • Grade School District299
  • Jr High/Middle School District299
  • 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 11% 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 16% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $116,100 Monthly $9,675
Rental Income Stabilized : Annual $130,044 Monthly $10,837
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,675$10,837
Year Total$116,100$130,044
Net Operating Income$86,044$99,988
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $15850 $43889 $59739 $4979
Total         $15,850 $43,889 $59,739   $26,305 $15,850 $42,155
Stabilized         $15,850 $43,889 $59,739   $40,249 $15,850 $56,099
Custom         $15850 $43889 $59739   $40249 $15850 $56099

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Scott Harris
Listing Office: Honore Properties,LLC
295 Blackthorn Drive Buffalo Grove

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