2 Flat 2422 Clybourn Lincoln Park Chicago IL Mu I| Chicago Property Listings – X Plus Real Estate

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    2 Flat 2422 Clybourn Lincoln Park Chicago IL Mu I

    City: Chicago ZIP: 60614

    Built In: 1891

    Lot Size: A

    Lot Dimensions: 2450

    # of Units: 2

    Unit 1 Floor 1: 4 bedrooms 2 baths $2600

    Unit 2 Floor 2: 4 bedrooms 2 baths $2700

    Previous Listing
    Map | 210 of 1400

    Detailed Listing Description

    Investors! 2-flat in prime Lincoln Park location. 6.5% cap rate and $66K gross income! Both units full gut rehab in 2004 with new mechanicals, new appliances, new HVAC and new water heaters! This property is great for the armchair investor! Both units have central heat/air, ample storage, D/W and in-unit W/D. Premier location surrounded by new construction, close to DePaul university, parks, shops, restaurants, nightlife and public transportation! In award winning Prescott elementary school district!

    Additional Property Details

    Garage & Parking
    • ParkingN
    • Number of Parking Spaces0
    • Parking Fee/Lease Amount0
    Utilities
    • Tenant Pays Unit 1B,C
    • Tenant Pays Unit 2B,C
    Appliances
    • Appliances Unit 1A,B,C,D,E
    • Appliances Unit 2A,B,C,D,E
    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 2 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 8% more than other 2 unit listings in this neighborhood.


    Calculated Rents
    Rental Income : Annual $63,600 Monthly $5,300
    Rental Income Stabilized : Annual $63,600 Monthly $5,300
    Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
    $699,0002$349,5006.06%10.990.76%
    Income
    Unit TypeCurrent RateStabilized RateCustom Rate
    Monthly Total$5,300$5,300
    Year Total$63,600$63,600
    Expense
    Total$21,221$21,221
    Net Operating Income$42,379$42,379
    Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
    Down
    Mortgage $8458 $23419 $31877 $2657
    Total         $8,458 $23,419 $31,877   $10,502 $8,458 $18,960
    Stabilized         $8,458 $23,419 $31,877   $10,502 $8,458 $18,960
    Custom         $8458 $23419 $31877   $10502 $8458 $18960




    MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
    1524,2502,6576911,9666911,9662,657
    2523,5592,6576941,9631,3853,9295,314
    3522,8652,6576961,9612,0815,8907,971
    4522,1692,6576991,9582,7807,84810,628
    5521,4702,6577011,9563,4819,80413,285
    6520,7692,6577041,9534,18511,75715,942
    7520,0652,6577071,9504,89213,70718,599
    8519,3582,6577091,9485,60215,65421,256
    9518,6482,6577121,9456,31417,59923,913
    10517,9362,6577151,9427,02819,54226,570
    11517,2222,6577171,9407,74621,48129,227
    12516,5042,6577201,9378,46623,41831,884
    13515,7842,6577231,9349,18925,35234,541

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    Listing Agent: Stephen Schneider
    Listing Office: Urban Real Estate
    2935 W. Logan Blvd Chicago

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