4 Flat 1220 Draper Lincoln Park Chicago IL Mu Inv| Chicago Property Listings – X Plus Real Estate

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4 Flat 1220 Draper Lincoln Park Chicago IL Mu Inv

City: Chicago ZIP: 60614

Built In: 1891

Lot Size: K

Lot Dimensions: 50X60

Lot Description: F

# of Units: 4

Unit 1 Floor 0: 1 bedrooms 1 baths $0

Unit 2 Floor 1: 4 bedrooms 1 baths $0

Unit 3 Floor 2: 1 bedrooms 1 baths $0

Unit 4 Floor 2: 2 bedrooms 1 baths $0

Gross Income $86,400

Detailed Listing Description

Location! Location! Legal 4 unit building in PRIME Lincoln Park that sits on a double wide lot. Possibilities are endless; rehab units and increase rents, duplex-up two of the units with the amazing attic, knock down and build single family, or keep as is and collect rent. Steps from DePaul University. 1 boiler; common washer/dryer in building, 2 car garage, and side lot. Roof is under 10 years old, hot water heater 2015, and some newer windows throughout. Some units have hardwood floors, dishwashers, and other updates. Unit Mix: 1bed/1bath; 1bed/1bath; 2bed/1bath; 4bed/1bath. Family owned property and can be delivered vacant if needed. Projected monthly rent as is $7,200.

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Additional Property Details

Garage & Parking
  • Gargage DetailsA,B
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3B
  • Tenant Pays Unit 4B
Appliances
  • Appliances Unit 1A,B,E,J
  • Appliances Unit 2A,B,E
  • Appliances Unit 3A,B,N
  • Appliances Unit 4A,B,N
Schools
  • Grade SchoolOscar Mayer Elementary School
  • Grade School District299
  • Jr High/Middle SchoolOscar Mayer 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 18% 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 23% 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 $35,280 Monthly $2,940
Rental Income Stabilized : Annual $44,100 Monthly $3,675
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,200,0004$300,0000.74%34.010.31%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,940$3,675
Year Total$35,280$44,100
Expense
Total$26,400$26,400
Net Operating Income$8,880$17,700
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14520 $40203 $54723 $4561
Total         $14,520 $40,203 $54,723   $-45,843 $14,520 $-31,323
Stabilized         $14,520 $40,203 $54,723   $-37,023 $14,520 $-22,503
Custom         $14520 $40203 $54723   $-37023 $14520 $-22503




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1900,0004,5611,1863,3751,1863,3754,561
2898,8144,5611,1903,3712,3766,7469,122
3897,6244,5611,1953,3663,57110,11213,683
4896,4294,5611,1993,3624,77113,47318,244
5895,2294,5611,2043,3575,97516,83022,805
6894,0254,5611,2083,3537,18320,18327,366
7892,8174,5611,2133,3488,39623,53131,927
8891,6044,5611,2173,3449,61326,87536,488
9890,3874,5611,2223,33910,83630,21341,049
10889,1644,5611,2273,33412,06233,54845,610
11887,9384,5611,2313,33013,29336,87850,171
12886,7074,5611,2363,32514,52940,20354,732
13885,4714,5611,2403,32115,77043,52359,293

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