2 Flat 2202 Halsted Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2202 Halsted Lincoln Park Chicago IL Mu In

City: Chicago ZIP: 60614

Built In: 1893

Lot Size: A

Lot Dimensions: 25X61

# of Units: 2

Unit 1 Floor 1: 0 bedrooms 0 baths $0

Unit 2 Floor 2: 3 bedrooms 2 baths $0

Detailed Listing Description

Truly one of a kind designer quality penthouse located in the midst of fabulous shops and restaurants! Perfect for AirBnB with amazing income producing potential. Private entrance leads to art-deco inspired living space with 11 ft tray ceilings, hardwood floors, recessed lighting.. Top floor has fabulous family room with exposed brick and leads to unbelievable private deck with skyline views of the city. Property being sold AS-IS. Incredible retail space is located next to Starbucks at the intersection of Halsted and Webster Streets in Chicago's Lincoln Park neighborhood. The property is one block south of the DePaul University campus on a very prestigious block with high-end retailers. The area is conveniently served by the CTA bus and rail lines. Bring your retailers to one of the best locations on the north side of Chicago.

Additional Property Details

Garage & Parking
  • Gargage On SiteN
  • Gargage OwnershipN
  • Gargage TypeN
  • Number of Gargage Spaces0
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
Appliances
  • Appliances Unit 1B,F,I,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,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 11% 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 19% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $34,416 Monthly $2,868
Rental Income Stabilized : Annual $43,020 Monthly $3,585
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$900,0002$450,0000.56%26.150.40%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,868$3,585
Year Total$34,416$43,020
Expense
Total$29,359$29,359
Net Operating Income$5,057$13,661
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10890 $30153 $41043 $3421
Total         $10,890 $30,153 $41,043   $-35,986 $10,890 $-25,096
Stabilized         $10,890 $30,153 $41,043   $-27,382 $10,890 $-16,492
Custom         $10890 $30153 $41043   $-27382 $10890 $-16492




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1675,0003,4218902,5318902,5313,421
2674,1103,4218932,5281,7835,0596,842
3673,2173,4218962,5252,6797,58410,263
4672,3213,4219002,5213,57910,10513,684
5671,4213,4219032,5184,48212,62317,105
6670,5183,4219072,5145,38915,13720,526
7669,6113,4219102,5116,29917,64823,947
8668,7013,4219132,5087,21220,15627,368
9667,7883,4219172,5048,12922,66030,789
10666,8713,4219202,5019,04925,16134,210
11665,9513,4219242,4979,97327,65837,631
12665,0273,4219272,49410,90030,15241,052
13664,1003,4219312,49011,83132,64244,473

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Listing Agent: John Lyons
Listing Office: Baird & Warner
1701 W George St. Chicago

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