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
Utilities
  • 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
  • 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
Schools
  • 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
$1,310,0004$327,5006.57%11.280.83%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,675$10,837
Year Total$116,100$130,044
Expense
Total$30,056$30,056
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
Down
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
1982,5004,9791,2953,6841,2953,6844,979
2981,2054,9791,2993,6802,5947,3649,958
3979,9064,9791,3043,6753,89811,03914,937
4978,6024,9791,3093,6705,20814,70819,916
5977,2924,9791,3143,6656,52218,37324,895
6975,9784,9791,3193,6607,84122,03329,874
7974,6594,9791,3243,6559,16525,68834,853
8973,3354,9791,3293,65010,49429,33839,832
9972,0064,9791,3343,64511,82832,98344,811
10970,6724,9791,3393,64013,16736,62349,790
11969,3334,9791,3443,63514,51140,25854,769
12967,9894,9791,3493,63015,86043,88859,748
13966,6404,9791,3543,62517,21447,51364,727

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

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