4 Flat 2946 Lincoln Chi Lake View Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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4 Flat 2946 Lincoln Chi Lake View Chicago IL Mu

City: Chicago ZIP: 60657

Built In: 1923

Lot Size: A

Lot Dimensions: 24X112

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $1175

Unit 2 Floor 2: 3 bedrooms 1 baths $2400

Unit 3 Floor 3: 1 bedrooms 1 baths $2300

Unit 4 Floor 2: 0 bedrooms 1 baths $1575

Net Op. Income $83,552

Detailed Listing Description

Fabulous 4 unit located in the sweet spot of Lake View. Features incl rare 3 br units and CH with parking, All units W/D, AC, Tenant paid utilities, and updated interiors. Solid building, long history of steady leases, strong income! High yield return Walk to work or play; Wellington or Belmont 'L', Southport Corridor dining, and shopping.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeA
  • Number of Gargage Spaces1
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,H
  • Tenant Pays Unit 2B,C,D,H
  • Tenant Pays Unit 3B,C,D,H
  • Tenant Pays Unit 4B,C,D,H
Appliances
  • Appliances Unit 1A,B,C,D,I
  • Appliances Unit 2A,B,C,D,E,I
  • Appliances Unit 3A,B,C,D,E,I
  • Appliances Unit 4A,B,C,D,E,I
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 26% more than other 4 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 20% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $89,400 Monthly $7,450
Rental Income Stabilized : Annual $82,728 Monthly $6,894
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,350,0004$337,5003.45%15.100.51%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,450$6,894
Year Total$89,400$82,728
Expense
Total$42,774$42,774
Net Operating Income$46,626$39,954
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $16334 $45229 $61563 $5131
Total         $16,334 $45,229 $61,563   $-14,937 $16,334 $1,397
Stabilized         $16,334 $45,229 $61,563   $-21,609 $16,334 $-5,275
Custom         $16334 $45229 $61563   $-21609 $16334 $-5275




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,012,5005,1311,3343,7971,3343,7975,131
21,011,1665,1311,3393,7922,6737,58910,262
31,009,8275,1311,3443,7874,01711,37615,393
41,008,4835,1311,3493,7825,36715,15720,524
51,007,1335,1311,3543,7776,72118,93425,655
61,005,7795,1311,3593,7728,08022,70630,786
71,004,4205,1311,3643,7679,44526,47235,917
81,003,0555,1311,3703,76110,81430,23441,048
91,001,6865,1311,3753,75612,18933,99046,179
101,000,3115,1311,3803,75113,56937,74151,310
11998,9315,1311,3853,74614,95441,48756,441
12997,5465,1311,3903,74116,34445,22861,572
13996,1565,1311,3953,73617,73948,96466,703

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Listing Agent: Deborah Gross
Listing Office: Jameson Commercial
5251 W. Galitz Skokie

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