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3334 Church

City: EVANSTON ZIP: 60203

Built In: 1926

Lot Size: .25-.49 Acre

Lot Dimensions: 50X125

Lot Description: Fenced Yard,

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $1095

Unit 2 Floor 1: 2 bedrooms 1 baths $1100

Unit 3 Floor 2: 2 bedrooms 1 baths $1095

Unit 4 Floor 2: 2 bedrooms 1 baths $1100

Detailed Listing Description

Great opportunity to own a 4 unit on a massive lot in Evanston. Lot sits on A 50X125 with a brick 5 car garage. All units consist of 2BD/1BTH with separate living room/dining rooms, good size bedrooms, high ceilings and hardwood floors throughout. New copper plumbing, new electric panels, mostly newer windows and all of the bathroom were redone within the last five years. Great school district and conveniently located within walking distance to parks, shopping and public transportation. This is a great value-add opportunity with room to increase rents with minor updates and adding coin laundry for extra income!

Additional Property Details

Garage & Parking
  • Gargage DetailsNone/NA,
  • Gargage On SiteYes
  • Gargage OwnershipOwned
  • Gargage TypeDetached,
  • Number of Gargage Spaces5
  • ParkingGarage,
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1Electric,
  • Tenant Pays Unit 2Electric,
  • Tenant Pays Unit 3Electric,
  • Tenant Pays Unit 4Electric,
Appliances
  • Appliances Unit 1Stove, Refrigerator,
  • Appliances Unit 2Stove, Refrigerator,
  • Appliances Unit 3Stove, Refrigerator,
  • Appliances Unit 4Stove, Refrigerator,
Schools
  • Grade School District65
  • Jr High/Middle School District65
  • High School District202

Comparative Data

Zip Code Comparison: 60203

Listings in this Zip Code average: 0 units,


Calculated Rents
Rental Income : Annual $52,680 Monthly $4,390
Rental Income Stabilized : Annual $52,680 Monthly $4,390
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$549,0004$137,2504.16%10.420.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,390$4,390
Year Total$52,680$52,680
Expense
Total$29,830$29,830
Net Operating Income$22,850$22,850
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $6643 $18393 $25036 $2087
Total         $6,643 $18,393 $25,036   $-2,186 $6,643 $4,457
Stabilized         $6,643 $18,393 $25,036   $-2,186 $6,643 $4,457
Custom         $6643 $18393 $25036   $-2186 $6643 $4457




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1411,7502,0875431,5445431,5442,087
2411,2072,0875451,5421,0883,0864,174
3410,6622,0875471,5401,6354,6266,261
4410,1152,0875491,5382,1846,1648,348
5409,5662,0875511,5362,7357,70010,435
6409,0152,0875531,5343,2889,23412,522
7408,4622,0875551,5323,84410,76514,609
8407,9062,0875571,5304,40112,29516,696
9407,3492,0875591,5284,96013,82318,783
10406,7902,0875621,5255,52215,34820,870
11406,2282,0875641,5236,08616,87122,957
12405,6642,0875661,5216,65118,39325,044
13405,0992,0875681,5197,21919,91227,131

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Listing Agent: Weston Harding
Listing Office: X Plus Real Estate
3257 N Sheffield #101 Chicago

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