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1310 Cornelia

City: CHICAGO ZIP: 60657

Built In: 1908

Lot Size: K

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 $2500

Unit 3 Floor 3: 3 bedrooms 2 baths $2550

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 DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG,S
  • Number of Parking Spaces1
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,C,E,H
  • Tenant Pays Unit 2B,C,E,H
  • Tenant Pays Unit 3B,C,E,H
Appliances
  • Appliances Unit 1A,B,E,F,G,I,N,Q,S
  • Appliances Unit 2A,B,E,F,G,I,N,Q,S
  • Appliances Unit 3A,B,E,F,G,I,N,Q,S
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 $87,000 Monthly $7,250
Rental Income Stabilized : Annual $101,160 Monthly $8,430
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$1,595,0003$531,6673.43%18.330.53%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$7,250$8,430
Year Total$87,000$101,160
Expense
Total$32,359$32,359
Net Operating Income$54,641$68,801
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   $-18,095 $19,299 $1,204
Stabilized         $19,299 $53,437 $72,736   $-3,935 $19,299 $15,364
Custom         $19299 $53437 $72736   $-3935 $19299 $15364




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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