3 Flat 2648 Wayne Lincoln Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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3 Flat 2648 Wayne Lincoln Park Chicago IL Mu Inve

City: Chicago ZIP: 60614

Built In: U

Lot Size: L

Lot Dimensions: 24 X 125

Lot Description: H,N

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $1700

Unit 2 Floor 1: 1 bedrooms 1 baths $1700

Unit 3 Floor 2: 3 bedrooms 2 baths $OWNR

Detailed Listing Description

Truly unique opportunity to own a sun-drenched turn-key 3 flat in the heart of Lincoln Park that went through a gut renovation by Environs Development! Fabulous 3BR, 2.5BA owner's duplex spans 2,750 SF & offers a highly coveted Kitchen/Great Room combination rarely seen in an owner's unit. Incredible white kitchen w/ Wolf/Sub-Zero appliances, leather finished granite counters, Calcutta Gold marble tile backplash, massive island, separate office station & butler's pantry w/ wet bar, beverage center & wine rack. Upper level offers 3 generous BR's (one currently used for exercise), including a master suite w/ 2 walk-in closets, master bath w/ heated floors, air jet tub, steam shower & separate water closet. Other features include two WBFP's w/ gas starters, custom millwork & built-ins & surround sound with Control 4 Smart Home control. Two separate 1 bed/1 bath income units comprise the first floor of the building, each with their own in-unit laundry. Both are currently rented under-marke

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C
  • Tenant Pays Unit 2B,C
  • Tenant Pays Unit 3B,C,H
  • Appliances Unit 1A,B,C,D,E,F,G,I,S
  • Appliances Unit 2A,B,C,D,E,F,G,I,S
  • Appliances Unit 3A,B,C,D,E,F,G,I,M,N,Q,S,T,U
  • Grade SchoolPrescott Elementary School
  • Grade School District299
  • Jr High/Middle SchoolPrescott Elementary School
  • Jr High/Middle School District299
  • High SchoolLincoln Park High School
  • 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 22% more than other 3 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 14% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $40,800 Monthly $3,400
Rental Income Stabilized : Annual $82,140 Monthly $6,845
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,400$6,845
Year Total$40,800$82,140
Net Operating Income$6,210$47,550
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $20557 $56921 $77478 $6457
Total         $20,557 $56,921 $77,478   $-71,268 $20,557 $-50,711
Stabilized         $20,557 $56,921 $77,478   $-29,928 $20,557 $-9,371
Custom         $20557 $56921 $77478   $-29928 $20557 $-9371

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Kevin Wood
Listing Office: @properties
2648 N Wayne Chicago

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