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
  • 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 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
  • 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
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,450$6,894
Year Total$89,400$82,728
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
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

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

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