3 Flat 1956 Sheffield Lincoln Park Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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3 Flat 1956 Sheffield Lincoln Park Chicago IL Mu

City: Chicago ZIP: 60614

Built In: U

Lot Size: A

Lot Dimensions: 24X100

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $2100

Unit 2 Floor 2: 2 bedrooms 1 baths $2200

Unit 3 Floor L: 2 bedrooms 1 baths $1800

Detailed Listing Description

Fabulous updated 3 unit building in the heart of Lincoln Park just steps to everything. Half block to Armitage Brown line stop and all the shops and restaurants on Armitage and Halsted. All 2 bed 1 bath units fully leased. 2 units include garage spots. Common laundry and Deck. Turnkey property with long term tenants. Rents could be increased with very little investment.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
  • Tenant Pays Unit 3B,C,D
Appliances
  • Appliances Unit 1A,B,E,F,I,N,S
  • Appliances Unit 2A,B,E,F,I,N,S
  • Appliances Unit 3A,B,E,F,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 14% more than other 3 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 20% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $73,200 Monthly $6,100
Rental Income Stabilized : Annual $69,444 Monthly $5,787
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,199,9003$399,9673.01%16.390.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,100$5,787
Year Total$73,200$69,444
Expense
Total$37,111$37,111
Net Operating Income$36,089$32,333
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14518 $40200 $54718 $4560
Total         $14,518 $40,200 $54,718   $-18,629 $14,518 $-4,111
Stabilized         $14,518 $40,200 $54,718   $-22,385 $14,518 $-7,867
Custom         $14518 $40200 $54718   $-22385 $14518 $-7867




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1899,9254,5601,1853,3751,1853,3754,560
2898,7404,5601,1903,3702,3756,7459,120
3897,5504,5601,1943,3663,56910,11113,680
4896,3564,5601,1993,3614,76813,47218,240
5895,1574,5601,2033,3575,97116,82922,800
6893,9544,5601,2083,3527,17920,18127,360
7892,7464,5601,2123,3488,39123,52931,920
8891,5344,5601,2173,3439,60826,87236,480
9890,3174,5601,2213,33910,82930,21141,040
10889,0964,5601,2263,33412,05533,54545,600
11887,8704,5601,2303,33013,28536,87550,160
12886,6404,5601,2353,32514,52040,20054,720
13885,4054,5601,2403,32015,76043,52059,280

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Listing Agent: Ian Feinerman
Listing Office: @properties Commercial
1523 North Bell Chicago

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