4 Flat 2526 Wayne Lincoln Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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4 Flat 2526 Wayne Lincoln Park Chicago IL Mu Inve

City: Chicago ZIP: 60614

Built In: 1886

Lot Size: A

Lot Dimensions: 125 X 24

# of Units: 4

Unit 1 Floor 1: 1 bedrooms 1 baths $0

Unit 2 Floor 2: 1 bedrooms 1 baths $0

Unit 3 Floor 2: 1 bedrooms 1 baths $0

Unit 4 Floor 1: 0 bedrooms 0 baths $0

Detailed Listing Description

Beautiful tree lined street, convenient to public transportation, shopping, Lakeshore Athletic club, Avli restaurant and more. Large METICULOUSLY MAINTAINED building with lots of potential to improve/expand units. 2F 1 bed/1 bath- current lease expires 5-31-2020 1R 1 bed/1 bath-current lease expires 5-31-20 2R 1 bed/1 bath- current lease expires 5-31-2020 - total rent currently $2,600 - all units combined. Roof installed 5-02-05 Each unit has separate central heat and air, separately metered Windows replaced in the 1990's. LARGE BUILDING 1st floor units could possibly be duplexed down and possibly potential for attic expansion up from 2nd floor units.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces2
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C
  • Tenant Pays Unit 4J
Appliances
  • Appliances Unit 1A,B,I,S
  • Appliances Unit 2A,B,E,I,S
  • Appliances Unit 3A,B,E,I,S
  • Appliances Unit 4O
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 40% more than other 4 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 44% more than other 4 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $48,653 Monthly $4,054
Rental Income Stabilized : Annual $60,816 Monthly $5,068
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$875,0004$218,7501.64%17.980.58%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,054$5,068
Year Total$48,653$60,816
Expense
Total$34,324$34,324
Net Operating Income$14,329$26,492
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10587 $29315 $39902 $3326
Total         $10,587 $29,315 $39,902   $-25,573 $10,587 $-14,986
Stabilized         $10,587 $29,315 $39,902   $-13,410 $10,587 $-2,823
Custom         $10587 $29315 $39902   $-13410 $10587 $-2823




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1656,2503,3268652,4618652,4613,326
2655,3853,3268682,4581,7334,9196,652
3654,5173,3268722,4542,6057,3739,978
4653,6453,3268752,4513,4809,82413,304
5652,7703,3268782,4484,35812,27216,630
6651,8923,3268812,4455,23914,71719,956
7651,0113,3268852,4416,12417,15823,282
8650,1263,3268882,4387,01219,59626,608
9649,2383,3268912,4357,90322,03129,934
10648,3473,3268952,4318,79824,46233,260
11647,4523,3268982,4289,69626,89036,586
12646,5543,3269012,42510,59829,31439,912
13645,6523,3269052,42111,50231,73643,238

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Listing Agent: James Flanders
Listing Office: Alliance Properties Chicago Inc
1513 W Adams #2 Chicago

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