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3 Flat 1015 Wolfram Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60657

Built In: 1900

Lot Size: K

Lot Dimensions: 27.6X124.3

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 1 bedrooms 1 baths $1400

Unit 2 Floor 1: 2 bedrooms 2 baths $2700

Unit 3 Floor 2: 3 bedrooms 2 baths $2995

Detailed Listing Description

Developers dream or outstanding investment property in the heart of DePaul. Tree lined street, this 2 flat plus ivy covered coach house is on a oversized (27.6x124.3) Chicago lot next to alley. Each unit has central ac, gas cooking & dishwasher. One is a duplex with 3 bedrooms , skylight, & wood burning fireplace. Coach house has 3 bedrooms and 2 baths. Hardwood floors throughout. Steps from transportation & shopping. Property sold "as-is". RS-3 zoning.

Additional Property Details

Garage & Parking
  • ParkingN
  • 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,C,D,E,I,M,T
  • Appliances Unit 2A,B,E,I
  • Appliances Unit 3A,B,E,I
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 10% 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 15% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $85,140 Monthly $7,095
Rental Income Stabilized : Annual $82,428 Monthly $6,869
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,195,0003$398,3334.88%14.040.57%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,095$6,869
Year Total$85,140$82,428
Expense
Total$26,795$26,795
Net Operating Income$58,345$55,633
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $14459 $40036 $54495 $4542
Total         $14,459 $40,036 $54,495   $3,850 $14,459 $18,309
Stabilized         $14,459 $40,036 $54,495   $1,138 $14,459 $15,597
Custom         $14459 $40036 $54495   $1138 $14459 $15597




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1896,2504,5421,1813,3611,1813,3614,542
2895,0694,5421,1853,3572,3676,7179,084
3893,8834,5421,1903,3523,55610,07013,626
4892,6944,5421,1943,3484,75113,41718,168
5891,4994,5421,1993,3435,95016,76022,710
6890,3004,5421,2033,3397,15320,09927,252
7889,0974,5421,2083,3348,36123,43331,794
8887,8894,5421,2123,3309,57326,76336,336
9886,6774,5421,2173,32510,79030,08840,878
10885,4604,5421,2223,32012,01233,40845,420
11884,2384,5421,2263,31613,23836,72449,962
12883,0124,5421,2313,31114,46940,03554,504
13881,7814,5421,2353,30715,70443,34259,046

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Listing Agent: Randi Pellar
Listing Office: Baird & Warner
800 n michigan ave apt 2302 Chicago

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