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2 Flat 1225 Addison Lake View Chicago IL Mu Inves

City: CHICAGO ZIP: 60613

Built In: 1901

Lot Size: Less Than .25 Acre

Lot Dimensions: 2640

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

Opportunity knocks! Beautiful Greystone 2 flat zoned RT 3.5 in an amazing location!!! Walk to everything including restaurants, the EL, and Wrigley Field. Both units have three bedrooms. Cute backyard with a detached two car garage! Sold AS IS!!!!

Additional Property Details

Garage & Parking
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeAttached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1None,
  • Tenant Pays Unit 2None,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Window Air Conditioner, Oven/Built-in,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner,
Schools
  • Grade SchoolBLAINE ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 20% more than other 2 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 2% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $41,491 Monthly $3,458
Rental Income Stabilized : Annual $51,864 Monthly $4,322
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$899,0002$449,5002.30%21.670.48%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$3,458$4,322
Year Total$41,491$51,864
Expense
Total$20,820$20,820
Net Operating Income$20,671$31,044
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $10878 $30119 $40997 $3417
Total         $10,878 $30,119 $40,997   $-20,326 $10,878 $-9,448
Stabilized         $10,878 $30,119 $40,997   $-9,953 $10,878 $925
Custom         $10878 $30119 $40997   $-9953 $10878 $925




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1674,2503,4178892,5288892,5283,417
2673,3613,4178922,5251,7805,0546,834
3672,4703,4178952,5222,6767,57510,251
4671,5743,4178992,5183,57410,09413,668
5670,6763,4179022,5154,47612,60917,085
6669,7743,4179052,5125,38215,12020,502
7668,8683,4179092,5086,29017,62923,919
8667,9603,4179122,5057,20320,13327,336
9667,0473,4179162,5018,11822,63530,753
10666,1323,4179192,4989,03725,13334,170
11665,2133,4179222,4959,96027,62737,587
12664,2903,4179262,49110,88530,11941,004
13663,3653,4179292,48811,81532,60644,421

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Listing Agent: Courtney Smith
Listing Office: Coldwell Banker Residential
6040 N Monitor Chicago

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