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3 Flat 1138 Barry Lake View Chicago IL Mu Investm

City: CHICAGO ZIP: 60657

Built In: 1878

Lot Size: Less Than .25 Acre

Lot Dimensions: 24X124

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1200

Unit 2 Floor 2: 2 bedrooms 1 baths $2000

Unit 3 Floor 7: 3 bedrooms 1 baths $1900

Detailed Listing Description

Amazing opportunity to own a multi unit in the Lakeview, located just a 5 minute walk from the Belmont Red, Brown and Purple line express trains, and steps from multiple bus routes and new Divvy stations! Charming Victorian building with tons of character including high ceilings, stained glass windows, decorative fireplaces and original hardwood floors throughout. Building consists of two 2 bedroom/1 bathroom units and one 3 bedroom/1 bathroom. Units are rehabbed but still have value to add! All units have been upgraded with separate HVAC (heat & air), private washer and dryer in each unit, updated kitchens with granite countertops and cherry cabinets. Ground floor unit has the same great ceiling height and full-size windows for lots of sunlight. Property includes manicured landscaping, private outdoor space and a two car garage. We have special financing for as low as 5% down for owner occupiers!

Contact Listing Agent

Weston Harding

Weston Harding

President & Managing Broker

X Plus Team Member

View ListingsContact Weston

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 3Electric, Gas, Heat, Parking,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Oven/Built-in,
  • Appliances Unit 2Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Oven/Built-in,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet, Oven/Built-in,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 20% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 16% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $61,200 Monthly $5,100
Rental Income Stabilized : Annual $66,372 Monthly $5,531
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$874,9003$291,6334.28%14.300.63%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$5,100$5,531
Year Total$61,200$66,372
Expense
Total$23,782$23,782
Net Operating Income$37,418$42,590
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10586 $29312 $39898 $3325
Total         $10,586 $29,312 $39,898   $-2,480 $10,586 $8,106
Stabilized         $10,586 $29,312 $39,898   $2,692 $10,586 $13,278
Custom         $10586 $29312 $39898   $2692 $10586 $13278




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1656,1753,3258642,4618642,4613,325
2655,3113,3258682,4571,7324,9186,650
3654,4433,3258712,4542,6037,3729,975
4653,5723,3258742,4513,4779,82313,300
5652,6983,3258772,4484,35412,27116,625
6651,8213,3258812,4445,23514,71519,950
7650,9403,3258842,4416,11917,15623,275
8650,0563,3258872,4387,00619,59426,600
9649,1693,3258912,4347,89722,02829,925
10648,2783,3258942,4318,79124,45933,250
11647,3843,3258972,4289,68826,88736,575
12646,4873,3259012,42410,58929,31139,900
13645,5863,3259042,42111,49331,73243,225

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