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4 Flat 3702 Hoyne Chi North Center Chicago IL M

City: CHICAGO ZIP: 60618

Built In: 1908

Lot Size: .50-.99 Acre

Lot Dimensions: 26.5 X 125

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $2000

Unit 2 Floor 1: 2 bedrooms 1 baths $1650

Unit 3 Floor 2: 2 bedrooms 1 baths $1600

Unit 4 Floor 2: 2 bedrooms 1 baths $1600

Detailed Listing Description

A gem building and investment within walking distance to coveted neighborhood of Bell and St Ben's Schools, the El, expressways and all that Roscoe Village, Southport Corridor and North Center have to offer. Rare rental opportunity. Each unit has been upgraded. Unit 1N has in unit laundry and SS appliances. The corner lot is larger than a standard city lot. Solid brick was recently tuckpointed. Tear off roof in 2014. Unfinished basement offers additional possibilities. Hardwood floors, 9' ceilings and split design separated by stairwell offers the most private living accommodations. Street parking a dream.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Tenant Pays Unit 4Electric, Gas, Heat,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Central Air Conditioner,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Central Air Conditioner,
  • Appliances Unit 4Stove, Refrigerator, Dishwasher, Central Air Conditioner,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • 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 29% more than other 4 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 9% more than other 4 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $82,200 Monthly $6,850
Rental Income Stabilized : Annual $70,392 Monthly $5,866
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,050,0004$262,5004.99%12.770.56%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,850$5,866
Year Total$82,200$70,392
Expense
Total$29,813$29,813
Net Operating Income$52,387$40,579
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $12705 $35178 $47883 $3991
Total         $12,705 $35,178 $47,883   $4,504 $12,705 $17,209
Stabilized         $12,705 $35,178 $47,883   $-7,304 $12,705 $5,401
Custom         $12705 $35178 $47883   $-7304 $12705 $5401




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1787,5003,9911,0382,9531,0382,9533,991
2786,4623,9911,0422,9492,0805,9027,982
3785,4203,9911,0462,9453,1258,84811,973
4784,3753,9911,0502,9414,17511,78915,964
5783,3253,9911,0542,9375,22814,72719,955
6782,2723,9911,0572,9346,28617,66023,946
7781,2143,9911,0612,9307,34720,59027,937
8780,1533,9911,0652,9268,41323,51531,928
9779,0873,9911,0692,9229,48226,43735,919
10778,0183,9911,0732,91810,55629,35439,910
11776,9443,9911,0772,91411,63332,26843,901
12775,8673,9911,0812,91012,71535,17747,892
13774,7853,9911,0862,90513,80038,08351,883

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Listing Agent: Mariana Knittle
Listing Office: @properties
1255 Sandburg, unit 2407 Chicago

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