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

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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