2 Flat 1940 Sheffield Lincoln Park Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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2 Flat 1940 Sheffield Lincoln Park Chicago IL Mu

City: Chicago ZIP: 60614

Built In: 1910

Lot Size: L

Lot Dimensions: 25X100

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 4 baths $4200

Unit 2 Floor 2: 2 bedrooms 2 baths $2550

Gross Income $81,000

Net Op. Income $55,906

Detailed Listing Description

4700 square foot gorgeous updated all brick multi-unit located on Lincoln Parks best block only 1/2 block from the train on opposite side of Sheffield! Building is comprised of a 3 level apartment and a duplex-up. -Unit 1 $4200 first floor 3 level apartment-3 bed 4 bath plus office ~Main level - Living Room/Dining combo - office/4thbedroom/den - Full bath - New Kitchen with eat in area and wet bar ~Lower level - 3rd bedroom/flex space large studio like space- 3rd full bath - storage for building ~Upper level - laundry room with side by side and storage, 2 Huge Master suites with walk in closets and private full baths --Unit 2 - $2550 (below market) 2 bed 2 bath duplex up ~Main level - large open living space with vaulted ceilings exposed timber and office nook, one queen size bedroom with closet, new full bath and new kitchen with wet bar and dining area ~Upper level - Huge master suite with sitting area and office area, skylights, walk in closet with laundry, large marble bath w

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
Utilities
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
Appliances
  • Appliances Unit 1A,B,C,D,E,I,N,U
  • Appliances Unit 2A,B,C,D,E,I,N,R,T,U
Schools
  • Grade SchoolOscar Mayer Elementary School
  • Grade School District299
  • 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 60% 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 72% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $81,000 Monthly $6,750
Rental Income Stabilized : Annual $81,540 Monthly $6,795
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,300,0002$650,0003.64%16.050.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,750$6,795
Year Total$81,000$81,540
Expense
Total$33,636$33,636
Net Operating Income$47,364$47,904
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15729 $43554 $59283 $4941
Total         $15,729 $43,554 $59,283   $-11,919 $15,729 $3,810
Stabilized         $15,729 $43,554 $59,283   $-11,379 $15,729 $4,350
Custom         $15729 $43554 $59283   $-11379 $15729 $4350




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1975,0004,9411,2853,6561,2853,6564,941
2973,7154,9411,2903,6512,5747,3089,882
3972,4264,9411,2943,6473,86910,95414,823
4971,1314,9411,2993,6425,16814,59619,764
5969,8324,9411,3043,6376,47218,23324,705
6968,5284,9411,3093,6327,78121,86529,646
7967,2194,9411,3143,6279,09525,49234,587
8965,9054,9411,3193,62210,41429,11439,528
9964,5864,9411,3243,61711,73832,73144,469
10963,2624,9411,3293,61213,06636,34449,410
11961,9344,9411,3343,60714,40039,95154,351
12960,6004,9411,3393,60215,73943,55359,292
13959,2614,9411,3443,59717,08347,15064,233

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Listing Agent: Laura Renaldo
Listing Office: TRD Property Group
839 N Marshfield 1W Chicago

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