4 Flat 1346 Webster Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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4 Flat 1346 Webster Lincoln Park Chicago IL Mu In

City: Chicago ZIP: 60614

Built In: 1886

Lot Size: A

Lot Dimensions: 24 X 119

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1755

Unit 2 Floor 2: 1 bedrooms 1 baths $1350

Unit 3 Floor 1: 1 bedrooms 1 baths $1450

Unit 4 Floor 2: 1 bedrooms 1 baths $1395

Gross Income $72,000

Net Op. Income $52,000

Detailed Listing Description

Best Priced 4 Unit Brick in the DePaul/Lincoln Park/Clybourn Corridor Area. This front / back 4 flat is fully occupied and stabilized while still offering upside to increase rents thru renovating kitchens and baths. Great unit mix with (1) 2 bed and (3) 1 bedrooms plus den. All feature hardwood floors & separate heat. Unfinished basement with 7' headroom opens up duplex down options. Additional revenue can be gained thru adding a Garage or Parking Pad in the rear . Perfect for an investor or owner occupant. Sold "AS IS"

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4B,C
  • Appliances Unit 1A,B,E,S
  • Appliances Unit 2A,B,E,S
  • Appliances Unit 3A,B,E,S
  • Appliances Unit 4A,B,E,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 39% 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 42% more than other 4 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $71,400 Monthly $5,950
Rental Income Stabilized : Annual $85,188 Monthly $7,099
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,950$7,099
Year Total$71,400$85,188
Net Operating Income$34,758$48,546
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $10889 $30149 $41038 $3420
Total         $10,889 $30,149 $41,038   $-6,280 $10,889 $4,609
Stabilized         $10,889 $30,149 $41,038   $7,508 $10,889 $18,397
Custom         $10889 $30149 $41038   $7508 $10889 $18397

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Thomas Moran
Listing Office: @properties
739 10th St. Wilmette

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