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3 Flat 2233 Halsted Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: 1886

Lot Size: L

Lot Dimensions: 24X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 2 baths $3000

Unit 2 Floor 2: 4 bedrooms 3 baths $4000

Unit 3 Floor 2: 0 bedrooms 1 baths $1000

Detailed Listing Description

Gorgeous, sun-filledLincoln Park two-flat greystone with coach house and two car garage. The owner's duplex unit has original stained glass windows and original ornate oak staircase. It includes four bedrooms, four full baths, in-unit laundry, den, library, huge eat-in kitchen, plus closed-in porch. First floor 2br/2ba rental has huge eat-in kitchen. There are washer/dryer hook-ups in basement. The coach house has updated bath and kitchen. The building has two low-maintenance decks - one off first floor and one off second floor kitchen. This property is located very close to DePaul University and is in the Lincoln School district. Currently being lived in by owners the projected monthly rent is $10K. All units are separately metered. Air BNB or Bed & Breakfast opportunity.

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
  • Tenant Pays Unit 3A
Appliances
  • Appliances Unit 1A,B,E,F,I,P,S
  • Appliances Unit 2A,B,C,D,E,F,I,K,S,T,U
  • Appliances Unit 3A,B,E,F,I,S
Schools
  • Grade SchoolLincoln Elementary School
  • 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 14% 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 7% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $96,000 Monthly $8,000
Rental Income Stabilized : Annual $94,572 Monthly $7,881
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,599,0003$533,0003.51%16.660.49%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$8,000$7,881
Year Total$96,000$94,572
Expense
Total$39,855$39,855
Net Operating Income$56,145$54,717
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $19347 $53571 $72918 $6077
Total         $19,347 $53,571 $72,918   $-16,773 $19,347 $2,574
Stabilized         $19,347 $53,571 $72,918   $-18,201 $19,347 $1,146
Custom         $19347 $53571 $72918   $-18201 $19347 $1146




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,199,2506,0771,5804,4971,5804,4976,077
21,197,6706,0771,5864,4913,1668,98812,154
31,196,0846,0771,5924,4854,75713,47418,231
41,194,4936,0771,5984,4796,35517,95324,308
51,192,8956,0771,6044,4737,95922,42630,385
61,191,2916,0771,6104,4679,56826,89436,462
71,189,6826,0771,6164,46111,18431,35542,539
81,188,0666,0771,6224,45512,80635,81048,616
91,186,4446,0771,6284,44914,43340,26054,693
101,184,8176,0771,6344,44316,06744,70360,770
111,183,1836,0771,6404,43717,70749,14066,847
121,181,5436,0771,6464,43119,35453,57072,924
131,179,8966,0771,6524,42521,00657,99579,001

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Listing Agent: Mary Beth Smith
Listing Office: @properties
507 W Aldine Chicago

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