3 Flat 2745 Giddings Lincoln Square Chicago IL Mu| Chicago Property Listings – X Plus Real Estate

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3 Flat 2745 Giddings Lincoln Square Chicago IL Mu

City: Chicago ZIP: 60625

Built In: 1914

Lot Size: A

Lot Dimensions: 5040 SQ FEET

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $2200

Unit 2 Floor 2: 3 bedrooms 1 baths $2100

Unit 3 Floor 3: 3 bedrooms 1 baths $2200

Gross Income $10,320

Net Op. Income $83,468

Detailed Listing Description

Immaculately gut-rehabbed legal 3-flat plus Garden unit with 2-car garage plus two additional slab parking spaces in thriving Lincoln Square, situated in Level 1+ Waters Elementary and Amundsen High School. This three-flat on an extra-wide lot is an investor's dream, with a complete gut-rehab of all units in 2019. All new stainless steel appliances, soft close cabinets, quartz countertops, brand new flooring, and bathroom fixtures make this an ideal owner-occupied building or true investment property. Units 1-3 are all 3 bedroom, 1 bath simplexes with identical floorplans featuring beautiful hardwood floors and a spacious living room with adjoining den. Down the hall are three pristine bedrooms and a bathroom with brand new fixtures as well as a formal dining room and brand new kitchen. Rounding out each unit is an enclosed sunroom off the kitchen, an ideal space for storage or an additional sitting area. On the lower level, the garden unit is 2/1, featuring living room with adjoining

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D,E
  • Tenant Pays Unit 2B,C,D,E
  • Tenant Pays Unit 3B,C,D,E
Appliances
  • Appliances Unit 1A,B,F,I,P,S
  • Appliances Unit 2A,B,F,I,P,S
  • Appliances Unit 3A,B,F,I,P,S
Schools
  • Grade SchoolWaters Elementary School
  • Grade School District299
  • Jr High/Middle SchoolWaters Elementary School
  • Jr High/Middle School District299
  • High SchoolAmundsen High School
  • High School District299

Comparative Data

Zip Code Comparison: 60625

Listings in this Zip Code average: 2 to 3 units, and are priced at $524,450 to $650,684
This listing is 69% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lincoln Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $619,053 to $787,600
This listing is 40% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $78,000 Monthly $6,500
Rental Income Stabilized : Annual $57,300 Monthly $4,775
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,100,0003$366,6673.91%14.100.43%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,500$4,775
Year Total$78,000$57,300
Expense
Total$35,001$35,001
Net Operating Income$42,999$22,299
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $13310 $36853 $50163 $4181
Total         $13,310 $36,853 $50,163   $-7,164 $13,310 $6,146
Stabilized         $13,310 $36,853 $50,163   $-27,864 $13,310 $-14,554
Custom         $13310 $36853 $50163   $-27864 $13310 $-14554




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1825,0004,1811,0873,0941,0873,0944,181
2823,9134,1811,0913,0902,1796,1838,362
3822,8214,1811,0953,0863,2749,26912,543
4821,7264,1811,1003,0814,37412,35016,724
5820,6264,1811,1043,0775,47715,42820,905
6819,5234,1811,1083,0736,58518,50125,086
7818,4154,1811,1123,0697,69721,57029,267
8817,3034,1811,1163,0658,81324,63533,448
9816,1874,1811,1203,0619,93327,69637,629
10815,0674,1811,1243,05711,05830,75241,810
11813,9424,1811,1293,05212,18733,80445,991
12812,8134,1811,1333,04813,31936,85350,172
13811,6814,1811,1373,04414,45739,89654,353

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Listing Agent: Leigh Marcus
Listing Office: @properties
3330 N Hamilton Chicago

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