3 Flat 1954 Sheffield Lincoln Park Chicago IL Mu | Chicago Property Listings – X Plus Real Estate

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3 Flat 1954 Sheffield Lincoln Park Chicago IL Mu

City: Chicago ZIP: 60614

Built In: 1905

Lot Size: L

Lot Dimensions: 24 X 104

# of Units: 3

Unit 1 Floor 1: 3 bedrooms 1 baths $2200

Unit 2 Floor 1: 3 bedrooms 1 baths $2800

Unit 3 Floor C: 4 bedrooms 2 baths $3000

Detailed Listing Description

Fabulous Lincoln park brick 2 flat w 2 duplex's and a 4 bedroom,2 bath brick coach house. Great for investors or live in owner. Great property for value. The 2 duplex's in front, duplex down 1600 sq ft feat, 3 beds, 1 bath, and duplex up 1600 sq ft 3 beds, 1 bath, both duplex's could easily add a 2nd bath. all oak floors, GFA/CA, newer back porch, rehabbed kitchens, large Brick Coach hs 2 1/2 story 4 bed 2bath, Renovated kit., deck, oak floor rent are very low long time owner. To much to list need 48 hours tnt occupied. granite counters and upgrade baths. Great potential to value add. Great location, One blk to el stop, and 100 feet to Starbucks and many more restaurants and bars. Enormous potential to raise rents.

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1B,C,D
  • Tenant Pays Unit 2B,C,D
  • Tenant Pays Unit 3B,C,D
  • Appliances Unit 1A,B,E
  • Appliances Unit 2A,B,E,F
  • Appliances Unit 3A,B,E,F,G
  • 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 17% 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 22% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $96,000 Monthly $8,000
Rental Income Stabilized : Annual $90,144 Monthly $7,512
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,000$7,512
Year Total$96,000$90,144
Net Operating Income$58,065$52,209
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $14023 $38830 $52853 $4405
Total         $14,023 $38,830 $52,853   $5,212 $14,023 $19,235
Stabilized         $14,023 $38,830 $52,853   $-644 $14,023 $13,379
Custom         $14023 $38830 $52853   $-644 $14023 $13379

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Marc Devereux
Listing Office: Coldwell Banker Residential
1840 N. Clark Street Chicago

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