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 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 $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
$1,199,0003$399,6674.66%12.340.65%
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 $14507 $40170 $54677 $4557
Total         $14,507 $40,170 $54,677   $1,188 $14,507 $15,695
Stabilized         $14,507 $40,170 $54,677   $-2,340 $14,507 $12,167
Custom         $14507 $40170 $54677   $-2340 $14507 $12167




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1899,2504,5571,1853,3721,1853,3724,557
2898,0654,5571,1893,3682,3746,7409,114
3896,8764,5571,1943,3633,56810,10313,671
4895,6824,5571,1983,3594,76613,46218,228
5894,4844,5571,2033,3545,96916,81622,785
6893,2814,5571,2073,3507,17620,16627,342
7892,0744,5571,2123,3458,38823,51131,899
8890,8624,5571,2163,3419,60426,85236,456
9889,6464,5571,2213,33610,82530,18841,013
10888,4254,5571,2253,33212,05033,52045,570
11887,2004,5571,2303,32713,28036,84750,127
12885,9704,5571,2353,32214,51540,16954,684
13884,7354,5571,2393,31815,75443,48759,241

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

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