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3 Flat 1310 Cornelia Chi Lake View Chicago IL M

City: CHICAGO ZIP: 60657

Built In: 1908

Lot Size: Oversized Chicago Lot

Lot Dimensions: 30 X 124

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 2 baths $2200

Unit 2 Floor 2: 3 bedrooms 2 baths $2400

Unit 3 Floor 3: 3 bedrooms 2 baths $2600

Gross Income $90,600

Detailed Listing Description

Amazing vintage 3 flat Greystone in the heart of the Wrigleyville/Southport corridor this is one of the most enviable blocks in the City of Chicago. Completely renovated and upgraded Greystone on an extra wide lot (30 x 124) has 3 units that have been lovingly rehabbed and upgraded with condo quality finishes and utilities. Each unit has modern wiring, plumbing, forced hot air heat, central air conditioning and tank-less hot water. Units boast upgraded appliances, custom cabinetry and hardwood floors, yet many of the vintage architectural details were preserved. Rear porches have been enclosed, insulated and dry walled. Limestone and brick facade has recently been tuck pointed. Property is located in the coveted Blaine School District. INVESTORS: This is a turn-key investment opportunity. All units are leased. DEVELOPERS: Turn these beautiful units into condos or de-convert into a stunning and large single family home. Property is a jewel.

Additional Property Details

Garage & Parking
  • Gargage DetailsGarage Door Opener(s),
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces2
  • ParkingGarage, Space/s,
  • Number of Parking Spaces1
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas, Parking, Water,
  • Tenant Pays Unit 2Electric, Gas, Parking, Water,
  • Tenant Pays Unit 3Electric, Gas, Parking, Water,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Range Hood, Hardwood Floors,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Range Hood, Hardwood Floors,
  • Appliances Unit 3Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Range Hood, Hardwood Floors,
Schools
  • Grade SchoolBLAINE ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle SchoolBLAINE ELEMENTARY SCHOOL
  • Jr High/Middle School District299
  • High SchoolLAKE VIEW HIGH SCHOOL
  • 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 46% 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 53% more than other 3 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $86,400 Monthly $7,200
Rental Income Stabilized : Annual $101,160 Monthly $8,430
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,595,0003$531,6673.79%18.460.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,200$8,430
Year Total$86,400$101,160
Expense
Total$25,879$25,879
Net Operating Income$60,521$75,281
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $19299 $53437 $72736 $6062
Total         $19,299 $53,437 $72,736   $-12,215 $19,299 $7,084
Stabilized         $19,299 $53,437 $72,736   $2,545 $19,299 $21,844
Custom         $19299 $53437 $72736   $2545 $19299 $21844




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
11,196,2506,0621,5764,4861,5764,4866,062
21,194,6746,0621,5824,4803,1588,96612,124
31,193,0926,0621,5884,4744,74613,44018,186
41,191,5046,0621,5944,4686,34017,90824,248
51,189,9106,0621,6004,4627,94022,37030,310
61,188,3106,0621,6064,4569,54526,82736,372
71,186,7056,0621,6124,45011,15731,27742,434
81,185,0936,0621,6184,44412,77535,72148,496
91,183,4756,0621,6244,43814,39940,15954,558
101,181,8516,0621,6304,43216,02944,59160,620
111,180,2216,0621,6364,42617,66549,01766,682
121,178,5856,0621,6424,42019,30853,43672,744
131,176,9426,0621,6484,41420,95657,85078,806

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Listing Agent: Christopher Wood
Listing Office: Jameson Sotheby's Intl Realty
4728 N. Ashland Ave Chicago

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