4 Flat 1021 Webster Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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4 Flat 1021 Webster Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: A

Lot Dimensions: 24X125

# of Units: 4

Unit 1 Floor 1: 3 bedrooms 2 baths $2700

Unit 2 Floor 2: 3 bedrooms 1 baths $2500

Unit 3 Floor 3: 3 bedrooms 1 baths $2500

Unit 4 Floor 1: 1 bedrooms 1 baths $1400

Gross Income $11,040

Net Op. Income $80,000

Detailed Listing Description

Rarely available legal 4 unit building including a coach house in the Chicago prestigious Sheffield neighborhood of Lincoln park across the street from DePaul University. Next to multi-million dollar homes. It features 2 spacious simplex 3 bedroom apartments, 1 huge duplex down 3 bed /2 bath unit and a cute coach house. All of them have their own furnaces with gas forced heat and central air conditioning. Tenants pay their own gas and electricity. Recently done roof, porch, updated plumbing, electric, kitchens and bathrooms. $110,400 yearly gross income with a lot of room for increase. One of the owners is a licensed real estate broker in Illinois. Call before it is gone!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces1
  • Parking on SiteY
  • Parking OwnershipA
  • 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,E,I,K,S
  • Appliances Unit 2A,B,E,I,K,S
  • Appliances Unit 3A,B,E,I,K,S
  • Appliances Unit 4A,B,E,I,M,S,T,U
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 4% 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 10% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $109,200 Monthly $9,100
Rental Income Stabilized : Annual $113,616 Monthly $9,468
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,399,0004$349,7504.71%12.810.68%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,100$9,468
Year Total$109,200$113,616
Expense
Total$43,293$43,293
Net Operating Income$65,907$70,323
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $16927 $46870 $63797 $5317
Total         $16,927 $46,870 $63,797   $2,110 $16,927 $19,037
Stabilized         $16,927 $46,870 $63,797   $6,526 $16,927 $23,453
Custom         $16927 $46870 $63797   $6526 $16927 $23453




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,049,2505,3171,3823,9351,3823,9355,317
21,047,8685,3171,3873,9302,7707,86410,634
31,046,4805,3171,3933,9244,16311,78815,951
41,045,0875,3171,3983,9195,56015,70821,268
51,043,6905,3171,4033,9146,96419,62126,585
61,042,2865,3171,4083,9098,37223,53031,902
71,040,8785,3171,4143,9039,78627,43337,219
81,039,4645,3171,4193,89811,20531,33142,536
91,038,0455,3171,4243,89312,62935,22447,853
101,036,6215,3171,4303,88714,05939,11153,170
111,035,1915,3171,4353,88215,49442,99358,487
121,033,7565,3171,4403,87716,93446,87063,804
131,032,3165,3171,4463,87118,38050,74169,121

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Listing Agent: Sonia Ivanova
Listing Office: Home Realty Group, Inc
2001 Midwest Rd Suite 102 Oak Brook

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