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3 Flat 2239 Fletcher Chi North Center Chicago I

City: CHICAGO ZIP: 60618

Built In: 1886

Lot Size: Less Than .25 Acre

Lot Dimensions: 125X25

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $975

Unit 2 Floor 2: 2 bedrooms 1 baths $1100

Unit 3 Floor 3: 2 bedrooms 2 baths $2200

Gross Income $55,500

Net Op. Income $55,250

Detailed Listing Description

Incredible investment opportunity! 3 Flat in prime Lakeview location on tree lined Fletcher. Top floor is duplexed up to finished top level with spacious sitting room, master suite, skylights and in unit washer/dryer. 2nd and 3rd floor units have separate breakfast rooms, hardwood floors in main rooms and spacious layouts. All units are meticulously maintained! Detached 2 car garage offers additional income potential and storage. Jahn Elementary School District.

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, Parking,
  • Tenant Pays Unit 2Electric, Gas, Parking,
  • Tenant Pays Unit 3Electric, Gas, Parking,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher,
Schools
  • Grade SchoolJAHN ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolJAHN ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60618

Listings in this Zip Code average: 2 to 3 units, and are priced at $481,048 to $587,571
This listing is 19% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - North Center

Listings in this Neighborhood average: 2 to 3 units, with average prices of $652,145 to $788,113
This listing is 11% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $51,300 Monthly $4,275
Rental Income Stabilized : Annual $57,960 Monthly $4,830
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$699,0003$233,0004.82%13.630.69%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,275$4,830
Year Total$51,300$57,960
Expense
Total$17,578$17,578
Net Operating Income$33,722$40,382
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $8458 $23419 $31877 $2657
Total         $8,458 $23,419 $31,877   $1,845 $8,458 $10,303
Stabilized         $8,458 $23,419 $31,877   $8,505 $8,458 $16,963
Custom         $8458 $23419 $31877   $8505 $8458 $16963




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1524,2502,6576911,9666911,9662,657
2523,5592,6576941,9631,3853,9295,314
3522,8652,6576961,9612,0815,8907,971
4522,1692,6576991,9582,7807,84810,628
5521,4702,6577011,9563,4819,80413,285
6520,7692,6577041,9534,18511,75715,942
7520,0652,6577071,9504,89213,70718,599
8519,3582,6577091,9485,60215,65421,256
9518,6482,6577121,9456,31417,59923,913
10517,9362,6577151,9427,02819,54226,570
11517,2222,6577171,9407,74621,48129,227
12516,5042,6577201,9378,46623,41831,884
13515,7842,6577231,9349,18925,35234,541

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Listing Agent: Leigh Marcus
Listing Office: @properties
3330 N Hamilton Chicago

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