2 Flat 2558 Ashland Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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2 Flat 2558 Ashland Lincoln Park Chicago IL Mu In

City: Chicago ZIP: 60614

Built In: 1950

Lot Size: K

Lot Dimensions: 48 X 108

# of Units: 2

Unit 1 Floor 1: 0 bedrooms 0 baths $000

Unit 2 Floor 2: 4 bedrooms 1 baths $000

Detailed Listing Description

Quickly Improving West Lincoln Park! Corner Double Lot, Views of the Park! 2 Property PIN Numbers. 2 Units, huge yard and commercial space on first floor, still a fully operational restaurant. Top Floor is a 4 bed 1 bath apartment, central air and forced air heat, separate from the commercial space. Amazing opportunity for an area investment and re-sell in the future or build out apartment on the 2nd lot; also possible to split commercial space into 2 commercial spaces or turn it into an amazing Single Family Home. Endless possibilities. B 3-2 zoning allows for higher density building and various uses. Easy Access to Shops, Restaurants, Transit, Minutes from Xpressway!

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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 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1Q
  • Appliances Unit 2A,B,I,R
Schools
  • 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 73% 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 85% 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 $0 Monthly $0
Rental Income Stabilized : Annual $0 Monthly $0
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,400,0002$700,000-1.73%inf0.00%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$0$0
Year Total$0$0
Expense
Total$24,231$24,231
Net Operating Income$-24,231$-24,231
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $16939 $46904 $63843 $5321
Total         $16,939 $46,904 $63,843   $-88,074 $16,939 $-71,135
Stabilized         $16,939 $46,904 $63,843   $-88,074 $16,939 $-71,135
Custom         $16939 $46904 $63843   $-88074 $16939 $-71135




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,050,0005,3211,3843,9381,3843,9385,321
21,048,6175,3211,3893,9322,7727,87010,642
31,047,2285,3211,3943,9274,16611,79715,963
41,045,8345,3211,3993,9225,56515,71921,284
51,044,4355,3211,4043,9176,97019,63526,605
61,043,0305,3211,4103,9118,37923,54731,926
71,041,6215,3211,4153,9069,79427,45337,247
81,040,2065,3211,4203,90111,21431,35442,568
91,038,7865,3211,4263,89512,64035,24947,889
101,037,3605,3211,4313,89014,07139,13953,210
111,035,9295,3211,4363,88515,50743,02458,531
121,034,4935,3211,4423,87916,94946,90363,852
131,033,0515,3211,4473,87418,39650,77769,173

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