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2 Flat 3729 Seminary Chi Lake View Chicago IL M

City: CHICAGO ZIP: 60613

Built In: 1891

Lot Size: Less Than .25 Acre

Lot Dimensions: 25X100

Lot Description: Fenced Yard,

# of Units: 2

Unit 1 Floor 1: 1 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Detailed Listing Description

Ever imagine owning a 2-flat steps away from Wrigley Field? Your chance has arrived! Unique opportunity to convert this long time owned & well maintained legal 2-flat into a SFH or leave it as is! Amazing oversized front yard, 1 BR apt on the 1st fl w/ wood flr in the kitchen & HW flrs underneath carpet, an additional rm that can be used as a pantry or strg. Updated kitchen w/ gently used appliances. 2nd fl apt has 2 bedrooms & HW flrs underneath carpet. Newer stove & refrigerator on 2nd fl. Washer in bsmt. Great opportunity for an investor looking to do minor touch ups & begin collecting rent immediately! With all the changes the area has undergone you are literally next to everything you can think of! Starbucks, Great Restaurants, Night Life, You can literally see & hear Wrigley Field from your window! In the Greeley School District. Do NOT let this once in a lifetime opportunity pass you by! It simply doesn't get better than this. Sold As Is. Zoned RT4.

Additional Property Details

Garage & Parking
  • ParkingNone,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric, Gas,
  • Tenant Pays Unit 2Electric, Gas,
Appliances
  • Appliances Unit 1Stove, Refrigerator, Dishwasher,
  • Appliances Unit 2Stove, Refrigerator,
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60613

Listings in this Zip Code average: 2 to 3 units, and are priced at $750,873 to $1,005,200
This listing is 20% more than other 2 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 32% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $29,933 Monthly $2,494
Rental Income Stabilized : Annual $37,416 Monthly $3,118
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$599,9992$300,0002.42%20.040.52%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,494$3,118
Year Total$29,933$37,416
Expense
Total$15,396$15,396
Net Operating Income$14,537$22,020
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7260 $20102 $27362 $2281
Total         $7,260 $20,102 $27,362   $-12,825 $7,260 $-5,565
Stabilized         $7,260 $20,102 $27,362   $-5,342 $7,260 $1,918
Custom         $7260 $20102 $27362   $-5342 $7260 $1918




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1450,0002,2815941,6885941,6882,281
2449,4072,2815961,6851,1893,3734,562
3448,8112,2815981,6831,7875,0566,843
4448,2132,2816001,6812,3876,7379,124
5447,6132,2816021,6792,9908,41511,405
6447,0102,2816051,6763,59510,09113,686
7446,4052,2816071,6744,20211,76515,967
8445,7982,2816091,6724,81113,43718,248
9445,1892,2816121,6695,42215,10720,529
10444,5782,2816141,6676,03616,77422,810
11443,9642,2816161,6656,65218,43925,091
12443,3482,2816181,6637,27120,10127,372
13442,7292,2816211,6607,89221,76129,653

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Listing Agent: Morgan Sage
Listing Office: Berkshire Hathaway HomeServices KoenigRubloff
2700 N. Hampden Court, 23C Chicago

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