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2 Flat 4240 Berteau Irving Park Chicago IL Mu Inv

City: CHICAGO ZIP: 60641

Built In: 1891

Lot Size: K

Lot Dimensions: 50X150

Lot Description: E

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $OWN

Unit 2 Floor 2: 1 bedrooms 1 baths $VAC

Detailed Listing Description

Old Irving Frame 2 flat on a 50 x 150 corner lot. Needs total rehab or is a tear down. Zoned R-2. Located on the N/W the corner of Tripp and Berteau and is across from the level 1 Belding Grade School Grounds.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1A,B
  • Appliances Unit 2O
Schools
  • Grade SchoolBELDING ELEMENTARY SCHOOL
  • Grade School District299
  • Jr High/Middle School District299
  • High SchoolSCHURZ HIGH SCHOOL
  • High School District299

Comparative Data

Zip Code Comparison: 60641

Listings in this Zip Code average: 2 to 3 units, and are priced at $374,501 to $433,229
This listing is 13% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Irving Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $430,448 to $506,647
This listing is 1% more than other 2 unit listings in this neighborhood.


Calculated Rents
Rental Income : Annual $26,100 Monthly $2,175
Rental Income Stabilized : Annual $13,632 Monthly $1,136
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$425,0002$212,5004.14%16.280.27%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$2,175$1,136
Year Total$26,100$13,632
Expense
Total$8,501$8,501
Net Operating Income$17,599$5,131
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $5143 $14239 $19382 $1616
Total         $5,143 $14,239 $19,382   $-1,783 $5,143 $3,360
Stabilized         $5,143 $14,239 $19,382   $-14,251 $5,143 $-9,108
Custom         $5143 $14239 $19382   $-14251 $5143 $-9108




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1318,7501,6164211,1954211,1951,616
2318,3291,6164221,1948432,3893,232
3317,9071,6164241,1921,2673,5814,848
4317,4831,6164251,1911,6924,7726,464
5317,0581,6164271,1892,1195,9618,080
6316,6311,6164291,1872,5487,1489,696
7316,2021,6164301,1862,9788,33411,312
8315,7721,6164321,1843,4109,51812,928
9315,3401,6164331,1833,84310,70114,544
10314,9071,6164351,1814,27911,88116,160
11314,4711,6164371,1794,71513,06117,776
12314,0351,6164381,1785,15414,23819,392
13313,5961,6164401,1765,59415,41421,008

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Listing Agent: Derek Disera
Listing Office: @properties
3825 N. Kildare Chicago

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