2 Flat 640 Belden Lincoln Park Chicago IL Mu Inve| Chicago Property Listings – X Plus Real Estate

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2 Flat 640 Belden Lincoln Park Chicago IL Mu Inve

City: Chicago ZIP: 60614

Built In: 1886

Lot Size: K

Lot Dimensions: 25X134

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Incredible opportunity to renovate this extra-wide, stately greystone on quiet, tree-lined Belden in the Lincoln School District and easy walking distance to Parker, the zoo, and lakefront. Perfect for a buyer looking to customize their own home or for an astute spec developer. The building is 22 feet wide and 81 feet deep allowing a 5,400 square foot home without an addition. Main level and second floor have over 10 foot ceilings and basement approximately 8 foot now. Advantageous RM5 zoning would allow a penthouse addition. Actual lot size is 25x134 and the garage features a lofted area above it. The current building has been in the same family for generations and needs a complete renovation. Orange rated and located in the Mid-North historic landmark district.

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Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
Appliances
  • Appliances Unit 1A,B,M,N,S,T
  • Appliances Unit 2A,B,M,N,S,T
Schools
  • Grade SchoolLincoln Elementary School
  • Grade School District299
  • Jr High/Middle SchoolLincoln 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 54% 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 65% more than other 2 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 $43,450 Monthly $3,621
Rental Income Stabilized : Annual $54,312 Monthly $4,526
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,250,0002$625,0000.33%28.770.36%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,621$4,526
Year Total$43,450$54,312
Expense
Total$39,382$39,382
Net Operating Income$4,068$14,930
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $15125 $41879 $57004 $4751
Total         $15,125 $41,879 $57,004   $-52,936 $15,125 $-37,811
Stabilized         $15,125 $41,879 $57,004   $-42,074 $15,125 $-26,949
Custom         $15125 $41879 $57004   $-42074 $15125 $-26949




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1937,5004,7511,2353,5161,2353,5164,751
2936,2654,7511,2403,5112,4757,0279,502
3935,0254,7511,2453,5063,72010,53314,253
4933,7804,7511,2493,5024,96914,03519,004
5932,5314,7511,2543,4976,22317,53223,755
6931,2774,7511,2593,4927,48221,02428,506
7930,0184,7511,2633,4888,74624,51133,257
8928,7544,7511,2683,48310,01427,99438,008
9927,4864,7511,2733,47811,28731,47242,759
10926,2134,7511,2783,47312,56434,94647,510
11924,9364,7511,2823,46913,84738,41452,261
12923,6534,7511,2873,46415,13441,87857,012
13922,3664,7511,2923,45916,42645,33761,763

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