2 Duplex Unit RT4 Condo – Lincoln Park

2 Duplex unit – Condo – Lincoln Park

Classic Chicago Brick- 3 Story configured for high end market.

In Lincoln Park, these large luxury condo units are in big demand. Nicely finished duplex condos in good locations often are sold out before construction is complete.

Condo LR

Condo Kit : Dr

Condo Master BR

Condo 2nd bath

Status: Proposed – Updated Sep 29, 2022

Property Type: 2 Duplex Unit Condo/Rental

Sub-Type: Condo / Residential Income

Building Size: 4,870 SF

Document List For Investors

Operating Agreement.pdf

TBD

FINANCIAL SUMMARY – PRO FORMA 2022-23

2 Duplex Unit LP RT4 - Condo Sale Scenario 9-28

Click This Link to Open Nearby New Condo Comps

2 Duplex Units Rental Cash Flow Analysis 9-28

2 Duplex Units - LP RT4 Equity and Sale 9-28

3 Unit RT4 Condo/Rental Lincoln Park

3 unit – Condo/Rental Lincoln Park

Classic Chicago Brick 3 unit – 3 Story + Basement stands the test of time.

In this hot area, these luxury condo units are in big demand. Nicely finished condos in good locations often are sold out before construction is complete.

These buildings are also perfect as owner occupied rental properties. This is an excellent way to move into a brand new “condo” type unit and at the same time build wealth quickly by taking advantage of tax benefits and having tenants helping pay down your mortgage.

Condo LR

Condo Kit : Dr

Condo Master BR

Condo 2nd bath

Status: Proposed – Updated Sep 29, 2022

Property Type: 3 Unit Condo/Rental

Sub-Type: Condo / Residential Income

Building Size: 5,000 SF

Document List For Investors

Operating Agreement.pdf

TBD

FINANCIAL SUMMARY – PRO FORMA 2022-23

Click This Link to Open New Nearby Condo Comps

Rental Scenario – Pro Forma 2022-23

3 Unit RT4 Condo/Rental Lincoln Square / Bowmanville

3 unit – Condo/Rental East Village-West Town

Classic Chicago Brick 3 unit – 3 Story + Basement stands the test of time and is perfect for owner occupied rental or Condos

These units are in demand both as condos and rentals in this hot area. Nicely finished condos have sold out as soon as construction is finished.

CAP rates for older 3 unit buildings in West town are at currently 4.08, so our projection of finished value at 4.2 CAP is conservative.

Status: Proposed – Updated Feb 2022

Property Type: 3 Condo/Rentals

Sub-Type: Residential Income

Building Size: 5,000 SF

Actual Cap Rate: 5.15%

Document List For Investors

Operating Agreement.pdf

TBD

FINANCIAL SUMMARY – PRO FORMA 2022-23

These are nearby comps for condos in similar buildings. 924 Wood St is probably most similar and just completed.

Temporarily No Showings

1839 W Iowa St Unit 2

Chicago, IL 60622

2

Beds

2

Baths

1400

Sqft

MLS #: 11244282

$499,000

Active

877 N Marshfield Ave Unit 2

Chicago, IL 60622

2

Beds

2

Baths

N/A

Sqft

MLS #: 11227484

$539,000

Contingent

1537 W Walton St Unit 3

Chicago, IL 60642

2

Beds

2

Baths

N/A

Sqft

MLS #: 11294839

$724,900

Contingent

924 N Wood St Unit 3

Chicago, IL 60622

2

Beds

2

Baths

1272

Sqft

MLS #: 11262814

$689,000

Active

1423 W Huron St Unit 2

Chicago, IL 60642

2

Beds

2

Baths

N/A

Sqft

MLS #: 11235934

$550,000

Active

1423 W Huron St Unit 1

Chicago, IL 60642

3

Beds

3

Baths

2500

Sqft

MLS #: 11245829

$845,000

Contingent

1106 N Marshfield Ave Unit 2

Chicago, IL 60622

2

Beds

2

Baths

N/A

Sqft

MLS #: 11309968

$585,000

Contingent

924 N Wood St Unit 1

Chicago, IL 60622

3

Beds

2.1

Baths

2312

Sqft

MLS #: 11262823

$799,000

Contingent

924 N Wood St Unit 2

Chicago, IL 60622

2

Beds

2

Baths

1271

Sqft

MLS #: 11294730

$549,000

3 Unit Wide Lot RT4 Condo Lincoln Park

3 unit – 30ft Wide Lot – Condo/Rental Lincoln Park

Classic Chicago Brick 3 unit – 3 Story + Basement stands the test of time.

In this hot area, these wider luxury condo units are in big demand. Nicely finished condos in good locations often are sold out before construction is complete.

These buildings are also perfect as owner occupied rental properties. This is an excellent way to move into a brand new “condo” type unit and at the same time build wealth quickly by taking advantage of tax benefits and having tenants helping pay down your mortgage.

Condo LR

Condo Kit : Dr

Condo Master BR

Condo 2nd bath

Status: Proposed – Updated October 15, 2023

Property Type: 3 Unit Condo/Rental

Sub-Type: Condo / Residential Income

Building Size: 6,000 SF

Document List For Investors

Operating Agreement.pdf

TBD

FINANCIAL SUMMARY – PRO FORMA 2023-24

3 Unit RT4 Condo/Rental East Village – West Town

3 unit – Condo/Rental East Village-West Town

Classic Chicago Brick 3 unit – 3 Story + Basement stands the test of time and is perfect for owner occupied rental or Condos

These units are in demand both as condos and rentals in this hot area. Nicely finished condos have sold out as soon as construction is finished.

Status: Proposed – Updated Feb 2022

Property Type: 3 Condo/Rentals

Sub-Type: Residential Income

Building Size: 5,000 SF

Actual Cap Rate: 5.15%

Document List For Investors

Operating Agreement.pdf

TBD

FINANCIAL SUMMARY – PRO FORMA 2022-23

Rental Scenario Pro Forma 2022-23

These are nearby comps for condos in similar buildings. 924 Wood St is probably most similar and just completed.

Temporarily No Showings

1839 W Iowa St Unit 2

Chicago, IL 60622

2

Beds

2

Baths

1400

Sqft

MLS #: 11244282

$499,000

Active

877 N Marshfield Ave Unit 2

Chicago, IL 60622

2

Beds

2

Baths

N/A

Sqft

MLS #: 11227484

$539,000

Contingent

1537 W Walton St Unit 3

Chicago, IL 60642

2

Beds

2

Baths

N/A

Sqft

MLS #: 11294839

$724,900

Contingent

924 N Wood St Unit 3

Chicago, IL 60622

2

Beds

2

Baths

1272

Sqft

MLS #: 11262814

$689,000

Active

1423 W Huron St Unit 2

Chicago, IL 60642

2

Beds

2

Baths

N/A

Sqft

MLS #: 11235934

$550,000

Active

1423 W Huron St Unit 1

Chicago, IL 60642

3

Beds

3

Baths

2500

Sqft

MLS #: 11245829

$845,000

Contingent

1106 N Marshfield Ave Unit 2

Chicago, IL 60622

2

Beds

2

Baths

N/A

Sqft

MLS #: 11309968

$585,000

Contingent

924 N Wood St Unit 1

Chicago, IL 60622

3

Beds

2.1

Baths

2312

Sqft

MLS #: 11262823

$799,000

Contingent

924 N Wood St Unit 2

Chicago, IL 60622

2

Beds

2

Baths

1271

Sqft

MLS #: 11294730

$549,000

2 Duplex Unit RT4 Condo – Lincoln Park

2 Duplex unit – Condo – Lincoln Park

Condo LR

Condo Kit : Dr

Condo Master BR

Condo 2nd bath

Document List For Investors

FINANCIAL SUMMARY – PRO FORMA 2022-23

Click This Link to Open Nearby New Condo Comps

3 Unit RT4 Condo/Rental Lincoln Park

3 unit – Condo/Rental Lincoln Park

Condo LR

Condo Kit : Dr

Condo Master BR

Condo 2nd bath

Document List For Investors

FINANCIAL SUMMARY – PRO FORMA 2022-23

Click This Link to Open New Nearby Condo Comps

Rental Scenario – Pro Forma 2022-23

3 Unit RT4 Condo/Rental Lincoln Square / Bowmanville

3 unit – Condo/Rental East Village-West Town

Document List For Investors

FINANCIAL SUMMARY – PRO FORMA 2022-23

3 Unit Wide Lot RT4 Condo Lincoln Park

3 unit – 30ft Wide Lot – Condo/Rental Lincoln Park

Condo LR

Condo Kit : Dr

Condo Master BR

Condo 2nd bath

Document List For Investors

FINANCIAL SUMMARY – PRO FORMA 2023-24

3 Unit RT4 Condo/Rental East Village – West Town

3 unit – Condo/Rental East Village-West Town

Document List For Investors

FINANCIAL SUMMARY – PRO FORMA 2022-23

Rental Scenario Pro Forma 2022-23

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