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3 Flat 2253 Addison Chi North Center Chicago IL

City: CHICAGO ZIP: 60618

Built In: 1911

Lot Size: Oversized Chicago Lot

Lot Dimensions: 30 X 125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1740

Unit 2 Floor 2: 2 bedrooms 1 baths $1500

Unit 3 Floor G: 1 bedrooms 1 baths $1000

Gross Income $50,880

Detailed Listing Description

AMAZING INVESTMENT AND/OR PRIMARY LIVING OPPORTUNITY IN BELL SCHOOL DISTRICT!!!! REHABBED KITCHENS AND BATHS, FORMAL DINING ROOMS, BEAUTIFUL HARDWOOD FLOORS AND CENTRAL HVAC THERE IS A NICE BACK YARD AND NEWER (10 YR) 2 CAR GARAGE. THE LOWER LEVEL IS A COZY IN-LAW UNIT WITH 2 ENTRANCES. WITH A WASHER AND DRYER ONSITE AND ONLY 3 BLOCKS TO BROWN LINE, THIS A GREAT INVESTMENT! NEITHER OWNER OR REAL ESTATE AGENT MAKE ANY REPRESENTATION TO THE LEGALITY OF THE GARDEN UNIT.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s), Transmitter(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1All,
  • Tenant Pays Unit 2All,
  • Tenant Pays Unit 3None,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Window Air Conditioner,
Schools
  • Grade SchoolBELL ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolBELL ELEMENTARY SCHOOL
  • 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 36% 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 1% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $50,880 Monthly $4,240
Rental Income Stabilized : Annual $51,096 Monthly $4,258
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$799,9003$266,6332.85%15.720.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,240$4,258
Year Total$50,880$51,096
Expense
Total$28,064$28,064
Net Operating Income$22,816$23,032
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $9679 $26799 $36478 $3040
Total         $9,679 $26,799 $36,478   $-13,662 $9,679 $-3,983
Stabilized         $9,679 $26,799 $36,478   $-13,446 $9,679 $-3,767
Custom         $9679 $26799 $36478   $-13446 $9679 $-3767




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1599,9253,0407902,2507902,2503,040
2599,1353,0407932,2471,5844,4966,080
3598,3413,0407962,2442,3806,7409,120
4597,5453,0407992,2413,1798,98112,160
5596,7463,0408022,2383,98111,21915,200
6595,9443,0408052,2354,78613,45418,240
7595,1393,0408082,2325,59515,68521,280
8594,3303,0408112,2296,40617,91424,320
9593,5193,0408142,2267,22020,14027,360
10592,7053,0408172,2238,03822,36230,400
11591,8873,0408202,2208,85824,58233,440
12591,0673,0408232,2179,68126,79936,480
13590,2443,0408272,21310,50829,01239,520

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Listing Agent: Sylejman Gazafer
Listing Office: Kale Realty
369 Wallace Way Romeoville

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