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3 Flat 1511 Nelson Lake View Chicago IL Mu Invest

City: CHICAGO ZIP: 60657

Built In: U

Lot Size: Standard Chicago Lot

Lot Dimensions: 25X124

# of Units: 3

Unit 1 Floor 1: 4 bedrooms 2 baths $3310

Unit 2 Floor 2: 2 bedrooms 2 baths $2200

Unit 3 Floor 2: 3 bedrooms 3 baths $3550

Gross Income $10,872

Net Op. Income $87,756

Detailed Listing Description

Renovated legal 3 unit with nearly $110k in annual income. Pride of ownership is evident in this turn-key investment. See thorough list of improvements. New granite counter tops, stainless steel appliances & water heaters to name a few. Spacious & ideal layouts. Well maintained, fully rented with great rental history. Large bedrooms & in-unit laundry. Lovingly cared for property in excellent Lakeview location. Situated on a quiet one way tree-lined street in Burley school district. Walk to Southport Corridor, Whole Foods, Target & Starbucks! Agent Owned.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
  • Appliances Unit 1Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner,
  • Appliances Unit 3Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner,
  • 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 9% 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 14% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $108,720 Monthly $9,060
Rental Income Stabilized : Annual $114,336 Monthly $9,528
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,060$9,528
Year Total$108,720$114,336
Net Operating Income$78,205$83,821
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $14338 $39701 $54039 $4504
Total         $14,338 $39,701 $54,039   $24,166 $14,338 $38,504
Stabilized         $14,338 $39,701 $54,039   $29,782 $14,338 $44,120
Custom         $14338 $39701 $54039   $29782 $14338 $44120

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Katherine Taylor
Listing Office: @properties
1322 W. Wolfram #2 Chicago

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