Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









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
Utilities
  • Tenant Pays Unit 1Electric, Gas, Heat,
  • Tenant Pays Unit 2Electric, Gas, Heat,
  • Tenant Pays Unit 3Electric, Gas, Heat,
Appliances
  • 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,
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 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
$1,185,0003$395,0006.60%10.900.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$9,060$9,528
Year Total$108,720$114,336
Expense
Total$30,515$30,515
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
Down
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
1888,7504,5041,1713,3331,1713,3334,504
2887,5794,5041,1763,3282,3476,6619,008
3886,4034,5041,1803,3243,5279,98513,512
4885,2234,5041,1843,3204,71113,30518,016
5884,0394,5041,1893,3155,90016,62022,520
6882,8504,5041,1933,3117,09319,93127,024
7881,6574,5041,1983,3068,29123,23731,528
8880,4594,5041,2023,3029,49326,53936,032
9879,2574,5041,2073,29710,70029,83640,536
10878,0504,5041,2113,29311,91233,12845,040
11876,8384,5041,2163,28813,12736,41749,544
12875,6234,5041,2203,28414,34839,70054,048
13874,4024,5041,2253,27915,57342,97958,552

Explore Nearby Neighborhoods

Irving ParkNearby Neighborhoods X Plus Real Estate

Irving Park

AvondaleNearby Neighborhoods X Plus Real Estate

Avondale

Portage ParkNearby Neighborhoods X Plus Real Estate

Portage Park

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

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.