3 Flat 2050 Sheffield Lincoln Park Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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3 Flat 2050 Sheffield Lincoln Park Chicago IL Mu

City: Chicago ZIP: 60614

Built In: U

Lot Size: A

Lot Dimensions: 25X124

# of Units: 3

Unit 1 Floor 1: 4 bedrooms 2 baths $3300

Unit 2 Floor 2: 3 bedrooms 1 baths $2300

Unit 3 Floor 3: 3 bedrooms 1 baths $2500

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. One 4 bed/2 bath duplex and two 3 bed / 1 bath units all fully leased. Parking in rear for up to 6 cars tandem. Common laundry and decks for each unit. Turnkey property with long term tenants. Rents could be increased with very little investment.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces6
  • Parking on SiteY
  • Parking OwnershipN
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E,I
  • Tenant Pays Unit 2B,C,D,E,I
  • Tenant Pays Unit 3B,C,D,E,I
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,N,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 0% 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 6% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $97,200 Monthly $8,100
Rental Income Stabilized : Annual $93,672 Monthly $7,806
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,399,9003$466,6333.99%14.400.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,100$7,806
Year Total$97,200$93,672
Expense
Total$41,335$41,335
Net Operating Income$55,865$52,337
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $16938 $46901 $63839 $5320
Total         $16,938 $46,901 $63,839   $-7,974 $16,938 $8,964
Stabilized         $16,938 $46,901 $63,839   $-11,502 $16,938 $5,436
Custom         $16938 $46901 $63839   $-11502 $16938 $5436




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,049,9255,3201,3833,9371,3833,9375,320
21,048,5425,3201,3883,9322,7717,86910,640
31,047,1545,3201,3933,9274,16411,79615,960
41,045,7615,3201,3983,9225,56215,71821,280
51,044,3635,3201,4043,9166,96619,63426,600
61,042,9595,3201,4093,9118,37523,54531,920
71,041,5505,3201,4143,9069,78927,45137,240
81,040,1365,3201,4193,90111,20931,35142,560
91,038,7165,3201,4253,89512,63335,24747,880
101,037,2925,3201,4303,89014,06439,13653,200
111,035,8615,3201,4363,88415,49943,02158,520
121,034,4265,3201,4413,87916,94046,90063,840
131,032,9855,3201,4463,87418,38650,77469,160

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

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